Partnership Firm Registration

Partnership firms are governed by the Indian Partnership Act, 1932. It is not compulsory to register a partnership firm, but is advisable to register a Partnership firm.

A registered partnership firm has the following rights:
  • A partner can file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act.
  • A right arising from a contract can be enforced in any Court by or on behalf of your firm against any third party
  • The firm or any of its partners can claim a set off (i.e. mutual adjustment of debts owned by the disputant parties to one another) or other proceedings in a dispute with a third party.
  • A partnership firm can be registered whether at the time of initial agreement or even at a later stage. Application needs to be filed with the District Registrar of Firms to which business is located.
Documents Required for Partnership Firm Registration:
  • Name of the firm
  • Place where business is carried out
  • Names of any other place where business is carried out
  • Date of partners joining the firm and full name and permanent address of partners.
    • Copy of PAN of the Partners
    • Copy of Address proof of the Partners.
  • Main business activity of the firm
  • Proof of ownership of the place of business or the rental/lease agreement thereof & copy of EB Bill or Tax receipt

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Solubilis Corporate Service LLP