24/7 Chat Support
Got a question or concern? We’re just a message away and happy to help, completely free!
Frequently asked Questions
Submit Form 1, a partnership deed, partner IDs and address proofs to the state Registrar of Firms (RoF) with the prescribed fee. After verification, the RoF issues a Certificate of Registration.
You’ll need a registered partnership deed, Form 1, PAN and Aadhaar of partners, address proof of the firm and any applicable licenses or permits.
No, the Indian Partnership Act, 1932, doesn’t mandate registration. However, registering enables legal protections, like suing third parties, which unregistered firms can’t access.
A firm needs at least two partners, up to 20 (10 for banking firms). Partners must be competent to contract (not minors or insolvent).
Partnerships include general partnerships (equal responsibility), limited liability partnerships (LLPs, with liability protection) and, rarely, limited partnerships (some partners have limited liability, less common in India).
Partnership firms face a 30% tax rate on profits. A 12% surcharge applies if income exceeds ₹1 crore.
A registered partnership deed or Certificate of Registration from the RoF serves as proof. Without a deed, profit-sharing may suggest a partnership under the Indian Partnership Act, 1932, but isn’t definitive.
Yes, the Indian Partnership Act, 1932, allows husband and wife to be partners. Tax implications may arise if one contributes capital and the other doesn’t.
GST registration fees for partnerships typically range from ₹3,000 to ₹12,000, depending on legal services and government charges.
In unregistered firms, partners cannot sue each other or the firm for claims under the Partnership Act, 1932. Registered firms may pursue legal recourse, such as for dissolution or disputes.
File Form 1, a certified partnership deed, partner IDs and address proofs with the RoF. Post-verification, the RoF issues a Certificate of Registration.
You can register your partnership firm online using legal service providers such as Novam Legal or the state-specific Registrar of Firms portal. The process involves preparing the deed, obtaining PAN/TAN and uploading all documents electronically.
Partnership firm registration charges differ from state to state but generally range from ₹3,000 to ₹12,000, depending on paperwork, legal service provider fees and government charges.
If an unregistered partnership firm does not sue a partner or a third party in a court of law or claim legal rights under the Partnership Act, 1932, it cannot. Third parties are free to sue the unregistered firm.
You can download the partnership firm registration certificate from the official website of your state's Registrar of Firms after login. If registered through a legal service provider, they generally provide the certificate themselves.
No, registration of partnership firm is not compulsory according to law under the Partnership Act, 1932. But registration is strongly advised in order to enjoy legal safeguards and enforceability in case of disputes.
The certificate of registration of the partnership firm contains the name of the firm, date of registration, address and partners' names. It is legal evidence of the existence of the firm under the Partnership Act.
The registration process for the partnership firm consists of: (1) Preparing a partnership deed, (2) Getting DSC & DPIN, (3) Filing Form 1, (4) Submitting documents, (5) Receiving the registration certificate.
Documents required include a certified copy of the partnership deed, Form 1, PAN and address proof of partners and firm, business address proof and an affidavit verifying details.
Registration of a company in India is regulated by the Indian Partnership Act, 1932, which provides the rights, obligations and legal consequences of registered and unregistered partnership companies.
