Partnership Registration Online

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Partnership Registration

To start a Partnership Registration Procedure, To start a Partnership business, partners need to enter into an agreement which is popularly known as Partnership Deed. Different states impose stamp duty on the partnership deeds, it means while creating a partnership instrument (Deed) the partners must purchase stamp paper of appropriate value to be annexed with the agreement. An agreement can further be notarized. To bring more credibility to the document which is admissible under the law without any doubt the same can be registered as a document by filing the same before the registrar of documents. Such an act of getting the deed notarised or registered with the registrar of documents does not amount to the registration of partnership firm as such. Though registration of partnership Firm has not been mandatory under The Partnership Act, 1932, however, section 69 of the act specifies the effect of Non-Registration, which means an unregistered firm shall not be able to recover any sum more than Rs. 100. Thus it is strongly recommended to the partners to get the firm registered. The registration of Firm can be obtained by filing the deed and Know Your Customer (KYC) Documents of the partners and KYC of premises where the address of firm shall be situated.