Penalty for late registration of partnership firm

This query is : Resolved

DIVYESH JAIN (Querist)
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03 June 2019 Dear Sir,

I am registering a Partnership firm online on rof.mahaonline.gov.in website.

The firm was originally formed in the year 1991 but at that time no firm registration number was taken. I want to know what will be the penalty charges for the firm if I take the number now.

Regards,
Divyesh

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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10 July 2024 If you are registering a partnership firm online on the Maharashtra government's MahaOnline portal and the firm was originally formed in 1991 but never obtained a firm registration number, here are the general considerations regarding penalties:

1. **Late Registration Penalty:** There may be provisions for late registration penalties under the relevant state laws or rules. These penalties are typically levied for not registering the firm within the stipulated time after its formation.

2. **Accumulated Penalties:** The penalty amount can vary depending on the duration of non-registration. It could be a fixed amount or calculated based on the delay period.

3. **Legal Provisions:** Specific details regarding penalties for late registration can often be found in the Partnership Act applicable in Maharashtra or related regulations.

4. **Online Portal Specifics:** The MahaOnline portal should provide guidance or options for calculating and paying penalties as part of the registration process. It's advisable to review the instructions and FAQs provided on the portal to understand the exact penalty structure and process.

5. **Consultation:** If the penalty details are not clearly specified on the portal or if you need more clarification, consulting with a local chartered accountant or legal advisor familiar with partnership registrations in Maharashtra would be beneficial.

To proceed accurately, visit the MahaOnline portal, navigate to the partnership firm registration section, and look for information related to penalties for late registration. This will help you determine the exact penalty charges applicable to your situation before completing the registration process.