Partnership Registration in delhi

Eligibility Criteria for Company Partnership Registration in India

The following are the requirements that must be met before applying for partnership registration.

• The partnership must have a minimum of two partners. There is no maximum limit for the number of partners under the Indian Partnership Act, 1932.
• All partners should be of sound mind and capable of entering into a legal contract. They must also be at least 18 years old.
• The partners should mutually agree on the terms and conditions of the partnership, which must be documented in a partnership deed.
• The partnership deed should clearly define the roles, responsibilities, profit-sharing ratio, and other important aspects of the partnership.
• The partnership firm should have a legal business name that does not infringe on any existing trademarks or violate any legal provisions.
• The business activity of the partnership must be legal and comply with all regulatory and licensing requirements.
• The partnership firm must have a registered office address in India where all official communications can be sent and received.

Meeting these eligibility criteria ensures that the partnership registration process is smooth and legally compliant, helping the partners to operate their business with clarity and legal protection.

Documents Required for Company Partnership Registration in India

For registering a company partnership in India, the following documents are necessary:

• Partnership Deed: A formal agreement outlining the terms and conditions of the partnership, including the profit-sharing ratio, roles, and responsibilities of the partners.
• Proof of Identity of Partners: Copies of valid government-issued identity documents, such as Aadhaar card, passport, voter ID, or driving license for each partner.
• Proof of Address of Partners: Residential address proof such as utility bills (electricity, water), rent agreements, or property tax receipts.
• Address Proof of the Firm’s Office: Proof of the registered office address of the partnership firm, such as utility bills, lease/rent agreement, or property ownership documents.
• Photographs of Partners: Recent passport-sized photographs of all the partners.
• PAN Card of the Firm: A copy of the PAN card issued in the name of the partnership firm.
• No Objection Certificate (NOC): If the registered office is rented, a NOC from the landlord allowing the premises to be used as the office of the partnership firm.

Ensuring that these documents are properly prepared and submitted will facilitate a smooth and efficient partnership registration process, providing the partnership with legal recognition and protection.

Process for Company Partnership Registration in India

Any individual or firm can apply for partnership registration in India. The registration process can be completed by the partners themselves or through an authorized agent, where a power of attorney must be filed.

Partnership Deed Preparation

Draft a partnership deed that outlines the terms and conditions of the partnership, including the profit-sharing ratio, roles, and responsibilities of each partner, and other important details. The deed must be signed by all partners.

Submission of Application

Submit the partnership registration application form to the Registrar of Firms, along with the duly signed partnership deed and required documents, including identity proofs, address proofs, and photographs of all partners.

Verification and Processing

The Registrar of Firms will verify the application and documents. If any discrepancies or issues are found, the applicant will be notified to rectify them and resubmit the necessary documents within the stipulated time.

Power of Attorney, if any

If the registration is being carried out by an agent on behalf of the partners, a power of attorney must be submitted along with the application to authorize the agent to act on behalf of the partners.

Application Acceptance

Once all the requirements are met, and the application is verified, the Registrar of Firms will accept the application and record the partnership in the official records.

Issue of Partnership Registration Certificate

Upon acceptance, the Registrar will issue a partnership registration certificate, providing legal recognition to the partnership firm.

Our Assistance in Filing Company Partnership Registration in India

At GLOBAL TAXMAN INDIA Ltd, we provide end-to-end solutions for Company Partnership Registration. Our services include:

• Collecting necessary information and initiating the registration process
• Drafting the partnership deed and registration application
• Reviewing and refining the partnership deed and application
• Filing the registration application with the Registrar of Firms
• Assisting you with follow-up procedures and addressing any queries from the authorities

GLOBAL TAXMAN INDIA Ltd is a leading legal consultancy firm, offering comprehensive services related to Company Partnership Registration in India.

Contact us to ensure your partnership is legally recognized and protected.

Frequently Asked Questions