Partnership Firm Registration - Overview
A type of business structure Where two or more persons unite to perform business activities of their own interest for the growth of company.
A partnership firm is well organized & widely accepted by most of the entrepreneurs. Partnership firms are hassle free to start & Prevalent among Small, medium sized businesses. Partnership type firm is widely followed in unorganized sectors.
Minimum of two partners & maximum of 20 partners are allowed for a partnership firm in India. No Minimum or maximum capital requirement Partnership firm is owned, managed & Controlled by group of people for profit
Documents Required For Registration
- Partnership deed A Partnership deed is created and signed by all the partners or the members
- PAN Card Pan card of the Registered partnership firm or the members of the partnership.
- Identity Proof of Designated Partners, such as aadhar card and Voter ID/ Passport/ Driving License.
- Address Proof of Designated partners, such as the latest Telephone Bill /Electricity Bill/ Bank Account Statement.
- Passport size photograph of Partners.
- Business Address Proofs such as latest Electricity Bill/ Telephone Bill of the registered office address
- NOC or No Objection Certificate to be obtained from the owner(s) of registered office
- Rent Agreement is needed if the registered office is a rented place.
Process To Register
- Selecting Unique name for the company.
- Form No 1 (Application for registration of partnership)
- Checking name availability and Applying for the name availability.
- Drafting of MoA, AoA& other required documents and Filing of the EMoa and EAOA to register a partnership company
- Applying for the PAN and TAN of the registering company
- Certificate of incorporation will be granted by RoC with PAN and TAN
- Opening a current account on the company name in an authorized bank
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