Procedure for dissloution
This query is : Resolved
23 June 2014
how to dissolve partnership firm and the firm is registered with the registrar..
how to remove the name with the registrar of firm..
how to remove the name with the registrar of firm..
23 June 2014
first of all you have to make dissolution deed for dissolve the partner ship and after that you can apply with registrar of firm for registration of that.
23 June 2014
agree with rupesh ji
24 June 2014
i prepared dissolution deed and what document are required to be submitted with the registrar of firm except dissolution deed..
10 August 2024
When dissolving a partnership firm and submitting the dissolution deed to the Registrar of Firms, you need to ensure you provide all required documents and follow the correct procedure. Here’s a list of documents and steps you typically need to follow:
### **Documents Required for Dissolution of Partnership Firm:**
1. **Dissolution Deed:**
- The primary document required is the dissolution deed, signed by all the partners. This document should detail the terms of dissolution, the distribution of assets, settlement of liabilities, and any other relevant terms.
2. **Form for Intimation of Dissolution:**
- **Form 6** (or the relevant form as per the state's requirements): This form needs to be filled out and submitted to the Registrar of Firms to officially notify them of the dissolution.
3. **Affidavit of Dissolution:**
- An affidavit signed by all the partners stating that the firm is being dissolved and that all liabilities have been settled.
4. **No Objection Certificate (NOC) from Creditors:**
- If the firm had any outstanding liabilities or creditors, a No Objection Certificate from them stating that they have no objections to the dissolution may be required.
5. **Final Accounts of the Firm:**
- Final balance sheet and profit and loss account up to the date of dissolution showing the distribution of assets and settlement of liabilities.
6. **Public Notice of Dissolution:**
- While not always mandatory, publishing a notice of dissolution in a local newspaper can be a good practice to inform the public and any unknown creditors of the firm’s closure.
7. **Tax Clearance Certificate (if applicable):**
- Obtain a No Objection Certificate or Tax Clearance Certificate from the Income Tax Department, if necessary, to show that all tax liabilities have been settled.
8. **Partnership Deed:**
- A copy of the original partnership deed (for reference purposes).
### **Procedure for Submission:**
1. **Prepare Documents:**
- Ensure all documents are prepared, signed, and notarized where required.
2. **Submit Documents to Registrar:**
- Submit the dissolution deed and other documents to the Registrar of Firms in the state where the firm is registered. You may need to visit the Registrar’s office or submit online if the facility is available.
3. **Acknowledgment Receipt:**
- Obtain an acknowledgment receipt or confirmation from the Registrar of Firms to ensure that your application for dissolution has been processed.
4. **File Final Income Tax Return:**
- File the final income tax return for the firm, reporting the dissolution and distribution of assets.
5. **Update Records:**
- Update records with other authorities, such as the Goods and Services Tax (GST) department, if applicable.
### **Additional Tips:**
- **Consult a Professional:** It’s advisable to consult with a legal professional or company secretary to ensure all procedures are followed correctly and to handle any specific state requirements.
- **State-Specific Requirements:** Be aware that specific requirements and forms may vary by state, so check the local regulations and guidelines provided by the Registrar of Firms in your state.
By ensuring that you have all the necessary documents and follow the prescribed procedure, you can successfully dissolve the partnership firm and complete the process.
### **Documents Required for Dissolution of Partnership Firm:**
1. **Dissolution Deed:**
- The primary document required is the dissolution deed, signed by all the partners. This document should detail the terms of dissolution, the distribution of assets, settlement of liabilities, and any other relevant terms.
2. **Form for Intimation of Dissolution:**
- **Form 6** (or the relevant form as per the state's requirements): This form needs to be filled out and submitted to the Registrar of Firms to officially notify them of the dissolution.
3. **Affidavit of Dissolution:**
- An affidavit signed by all the partners stating that the firm is being dissolved and that all liabilities have been settled.
4. **No Objection Certificate (NOC) from Creditors:**
- If the firm had any outstanding liabilities or creditors, a No Objection Certificate from them stating that they have no objections to the dissolution may be required.
5. **Final Accounts of the Firm:**
- Final balance sheet and profit and loss account up to the date of dissolution showing the distribution of assets and settlement of liabilities.
6. **Public Notice of Dissolution:**
- While not always mandatory, publishing a notice of dissolution in a local newspaper can be a good practice to inform the public and any unknown creditors of the firm’s closure.
7. **Tax Clearance Certificate (if applicable):**
- Obtain a No Objection Certificate or Tax Clearance Certificate from the Income Tax Department, if necessary, to show that all tax liabilities have been settled.
8. **Partnership Deed:**
- A copy of the original partnership deed (for reference purposes).
### **Procedure for Submission:**
1. **Prepare Documents:**
- Ensure all documents are prepared, signed, and notarized where required.
2. **Submit Documents to Registrar:**
- Submit the dissolution deed and other documents to the Registrar of Firms in the state where the firm is registered. You may need to visit the Registrar’s office or submit online if the facility is available.
3. **Acknowledgment Receipt:**
- Obtain an acknowledgment receipt or confirmation from the Registrar of Firms to ensure that your application for dissolution has been processed.
4. **File Final Income Tax Return:**
- File the final income tax return for the firm, reporting the dissolution and distribution of assets.
5. **Update Records:**
- Update records with other authorities, such as the Goods and Services Tax (GST) department, if applicable.
### **Additional Tips:**
- **Consult a Professional:** It’s advisable to consult with a legal professional or company secretary to ensure all procedures are followed correctly and to handle any specific state requirements.
- **State-Specific Requirements:** Be aware that specific requirements and forms may vary by state, so check the local regulations and guidelines provided by the Registrar of Firms in your state.
By ensuring that you have all the necessary documents and follow the prescribed procedure, you can successfully dissolve the partnership firm and complete the process.
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