02 March 2024
as per partnership act section 59(2) a firm which is registered shall use (registered) immediately after its name. Now do we need to include this in "for" stamp of the partnership? if any one have info please guide me as to where should we use this word after firm name. as per our rti to the registrar there is no need to change in the PAN so we cant use it in our GST invoice. In such a case where should we use it what does other firms do?
11 July 2024
In accordance with Section 59(2) of the Partnership Act, 1932, which states that a registered firm shall use the word "(Registered)" immediately after its name, here are some practical guidelines on where and how to use this designation:
1. **Business Correspondence and Documents:** - **Letterheads and Stationery:** Ensure that the word "(Registered)" or "(Regd.)" is included after the firm's name on all official letterheads, invoices, bills, and other business stationery. - **Business Contracts and Agreements:** Include the designation in all formal contracts, agreements, and legal documents that involve the firm.
2. **Signage and Advertising:** - Display the firm's name with the "(Registered)" designation on business premises signage, including office boards, entrance signs, and any other outdoor or indoor advertising materials. - Use it in promotional materials, brochures, and advertisements to maintain compliance and transparency.
3. **Digital Presence:** - Ensure that the firm's website, email footers, and digital communications include the designation "(Registered)" or "(Regd.)" after the firm's name where applicable. - Update social media profiles and any online listings to reflect the registered status of the firm.
4. **Public and Official Communication:** - Use the designation in any communication with regulatory authorities, government agencies, and statutory bodies. - Include it in filings, submissions, and applications where the firm's legal status needs to be clearly indicated.
Regarding GST invoices specifically, since the Registrar has clarified that there is no requirement to change the PAN due to the registration status, you may not need to include "(Registered)" in GST invoices. However, it is advisable to consult with a legal advisor or a chartered accountant to ensure compliance with specific regulations and to confirm how to best implement this requirement in your business operations.
By adhering to these guidelines, you can ensure that your firm complies with the Partnership Act's requirement to use "(Registered)" after its name in all appropriate contexts, thereby maintaining transparency and legal compliance in business dealings.
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