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01 August 2023
When two or more individuals come together to carry out a business with a common goal and mutual understanding, the entity is called a partnership firm. It is governed by the Indian Partnership Act, 1932. In a partnership firm. The partners agree to share profits, losses, and liabilities based on the outlined terms in a partnership deed. The partners together manage and contribute capital, skills, and resources to the business. This firm does not have a separate legal entity from its partners. It means that the partners are personally liable for the firm's obligations and debts. This entity is the best fit for small and medium-sized businesses, professional practices, and entrepreneurial ventures.
The registration of a partnership firm in Delhi can happen online through a simple and streamlined process. Here's a step-by-step guide on how to register a partnership firm in Delhi online:
Step 1. Partnership Deed: Hire a compliance consultant from Delhi to draft a partnership deed that outlines the terms and conditions of the partnership, including details of partners, profit-sharing ratio, capital contribution, and other relevant clauses. It is a crucial document for partnership firm registration. So, it's better to consider hiring a consultant.
Step 2. Choose a Unique Name: Selecting a unique name for your partnership firm is a must. It must not conflict with any existing trademarks or businesses. Ensure that the name is not prohibited by any regulations.
Step 3. Visit the Official Website: Go to the official website of the Ministry of Corporate Affairs (MCA) or the designated portal for partnership firm registration in Delhi (if you can, else take help of the consultant).
Step 4. Fill Online Application Form: Fill out the online application form with the necessary details such as the firm's name, address, partners' information, and other relevant information as requested.
Step 5. Upload Documents: Attach the supporting documents, including the partnership deed, identity proof, and address proof of all partners. The documents should be scanned copies in the prescribed format.
Step 6. Pay the Registration Fee: Make the online payment of the partnership firm registration fee as per the applicable rates. The fee may vary based on the capital contribution and other factors.
Step 7. Submission and Verification: After submitting the application and fee, the portal will generate an acknowledgment receipt. The concerned authority will review the application and documents for verification.
Step 8. Issuance of Certificate: Once the verification is complete and the application is approved, the Registrar of Firms will issue a Certificate of Registration for the partnership firm. The certificate serves as proof of the firm's existence.
There may be some discrepancies that can hamper registration or verification. So, it's good to understand the requirements for it prior. To register a partnership firm in Delhi, certain requirements need to be fulfilled. Here are the key requirements for partnership firm registration:
The fee structure for partnership firm registration in Delhi may vary based on different factors. Here is a general outline of the fee structure:
Note: It is important to note that the fee structure can change over time, and the specific fees applicable for partnership firm registration in Delhi should be confirmed from the official government sources or consulted with a professional consultant or legal expert. They will provide you with accurate and up-to-date information on the fee structure and any other charges associated with the partnership firm registration process in Delhi.
It is advisable to consult with a professional consultant or legal expert to understand the specific requirements and process for partnership firm registration in Delhi, as they may be subject to change and may have additional requirements based on the nature of the business and local regulations.