Partnership Firm Registration
Senixa Legal help you with your general partnership registration in India in the easiest way. Partnership Registration starting from INR 1599/- only.
Step 1
Complete the checklist and submit documents
What is Partnership Firm?
A Partnership firm is the most important part of a business organization that consists of two or more individuals, who manage and operates a business and divide the profits thereof in an agreed ratio. The formation of a Partnership firm is easy, and the compliance is minimal as compared to companies.
For small-sized businesses, Partnership is the best option, as it requires minimal compliance, low cost, and easy setup. For general Partnerships registration is optional. It is governed by Section 4 of the Partnership Act, 1932.
Contact us now to know how to draft a partnership deed, and also, how partnership firm registration can be done online. Below are the following details requires to form a Partnership Deed.
General Details:
1. Name and address of the firm and all the partners
2. Nature of business
3. Date of starting of business Capital to be contributed by each partner
4. Capital to be contributed by each partner
5. Profit/loss sharing ratio among the partners
Specific Details:
Apart from these, certain specific clauses may also be mentioned to avoid any conflict at a later stage:
1. Interest on capital invested, drawings by partners, or any loans provided by partners to the firm
2. Salaries, commissions, or any other amount to be payable to partners
3. Rights of each partner, including additional rights to be enjoyed by the active partners
4. Duties and obligations of all partners
5. Adjustments or processes to be followed on account of retirement or death of a partner or dissolution of the firm.
6. Other clauses as partners may decide by mutual discussion
Choose Your Package
Standard
₹ 3399/-
Easy EMI's
Transparent Pricing
PAN
TAN
GST Registration
Execution of Deed
Drafting of deed
Premium
₹ 10799/-
Easy EMI's
Transparent Pricing
Drafting of deed
Execution of Deed
Trademark Application (1 Application 1 Class Small Enterprise)
GST Registration
SSI/MSME Registration
PAN
TAN
How to register Partnership Firm?
Fill Simple Checklist
A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Company Registration throughout the process.
Name Approval
Once your documents along with Checklist are submitted, we shall proceed with the application of your Digital Signature and subsequently the approval of name for your Private Limited Company. You may suggest up to three names of your choice. Names should be unique and suggestive of the Company’s business. We will proceed with application for name for your Private Limited Company in Part A of SPICe Plus form.
Registration
We will draft the MOA (Memorandum of association) and AOA (Articles of association). We will file the incorporation documents with MCA through in part B of a form called “SPICe Plus (SPICe +)” along with the subscription statement. Usually, MCA approves the forms within 4-5 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.
FAQs On Partnership
How much time does it take to register a partnership?
The registration of a Partnership Firm in India can take up to 12 to 14 working days. However, the time taken to issue a certificate of incorporation may vary as per the regulations of the concerned state. The registration of a Partnership Firm is subject to Government processing time which varies for each State.
Are there any grounds on which my partnership can be invalid?
Often, if the partnership agreement is not registered, the court may deem a partnership invalid. If the object of the business is illegal, the court may consider the partnership invalid and dissolve the partnership.
If all partners wish to end the partnership, how can they do so?
If the partners of a firm wish to end the partnership, they can do so by dissolving the partnership by notice, if it is a partnership of will. A partnership can be dissolved in accordance with the terms laid out in the Partnership Deed, or they can do so by creating a separate agreement.
Can my certificate of registration be canceled?
In a certain sense, a partnership certification of incorporation can be revoked, this often termed as dissolution. A dissolution can be brought upon automatically when all partners or all partners except one partner are declared insolvent or if the firm is carrying unlawful activities, i.e. like trading in drugs or other illegal products, corporate malpractice, or making business engagements with countries that may harm the interest of India.
What is the scope of liability when it comes to partnerships?
Every partner is jointly liable with all the other partners and also individually, for all acts/activities of the firm, during the course of business while he/she is a partner. This means that if a loss or injury is caused to any third party or a penalty is levied during the course of business all partners will be held liable even if the injury or loss was caused by one of the partners.
Still, have confusion?
Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@senixalegal.com or call us @+91 9999347181.
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