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Registration details of Partnership firm

Nikhil Sawant (Accounts & Audit Manager) (48 Points)

20 July 2011

Hii.. friends

I am looking on information for registration of new Partnership Firm. I want to know how a new partnership firm can be registered. What is procedure for that.... Which are the dcouments needs to be prepared & submitted...... To whom & where all this registration has to be done......

Waiting eagerly for reply on this issue.

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4 Replies

Vikrant Sadana (CS) (167 Points)
Replied 20 July 2011

First u have to get a PARTNERSHIP DEED prepared, mentioning therein the details of partners, their respective share in loss and profit, prospective business, address and other details of firm (it may b get prepard frm any advocate). Then get it signed by all the partners and by required independent witness. Then get it registerd by the registrar of firms. (registratn is optional in some states, u better check this point in ur state). Aftr registrtn (if requird in your state) your FIRM has been incorporatd.

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Prem G (Tax Consultant) (34 Points)
Replied 20 July 2011

agree with mr. vikrant

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Nikhil Sawant (Accounts & Audit Manager) (48 Points)
Replied 20 July 2011

Thanks a lot Mr. Vikram, given infomation is so helpful.

Vikrant Sadana (CS) (167 Points)
Replied 21 July 2011

First you get a PARTNERSHIP DEED prepared by some advocate, giving therein details and share in profit or loss and other details of prospective business and address of firm. Get it signed by all the partners and independent witness. Then get it registrd in office of registrar of firms. Your firm is incorporated now. Please note registration is optional in some states, u better check this point.