Section 4 of the Indian Partnership Act, 1932, defines partnership as follows:
" Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all."
Note: - A single person is called as a partner while two or more person or partners are collectively known as a partnership firm.
A Partnership cannot come into existence in the absence of any one of the above-mentioned features.
Applicants logs in to the system and apply for REGISTRATION OF PARTNERSHIP FIRMS through Form – ‘A’ Application under section 58 (1) & (1A).
In the application, applicant will specify the description of partnership firms to be registered along with relevant documents.
Form – ‘A’ once filled will be printed on Green Ledger Paper for counter signature of partners.
Form – ‘B’ Undertaking under section 60(1) will also be filled by applicant as an undertaking to change in Firm name, address, nature of business. Form B will also be printed for counter signature.
Form – ‘C’ Undertaking under section 61 will also be filled by applicant as an undertaking to Change of branch/Close of business. Form C will also be printed for counter signature.
Form – ‘D’ Undertaking under section 62 will also be filled by applicant as an undertaking to Change in name of partner and his permanent address. Form D will also be printed for counter signature.
Form – ‘E’ undertaking under section 63 will also be filled by applicant as an undertaking to change in constitution or Dissolution of firm. Form E will also be printed for counter signature.
Form – ‘F’ undertaking under section 63(2) will also be filled by applicant as an undertaking to change when Minor partner becomes major. Form F will also be printed for counter signature.
Along with the application, the applicant will upload the documents Authority letter if submitted by Chartered Accountant, If Company registered under The Indian Company Act is a partner then a copy of Memorandum of Articles & a copy of Resolution authorizing one of the Director to sign on Deed and Forms, Notarised copy of application.
a) Covering letter along with ₹ 5/- Court Fee Stamp.
b) Certified copy of Partnership Deed. Deed need not be attested. But if attested date of execution and date of signature of Notary should be same.
c) Blank Stamp Paper of ₹ 10/- or more
After application submitted successfully department acknowledgers acknowledge application. After acknowledgement application goes to department verification officer to verify the application and at this stage applicant can download payment receipt from their account in application.
If objection is raised by, the process will flow until hearing. Hearing request will raise to applicant REGISTRATION OF PARTNERSHIP FIRMS EASE OF DOING BUSSINESS An objection letter will be sent to applicant Email ID. For clarification of objections application form available to applicant for modification. Once objection cleared, form flow with acknowledger, verifier and then approver for further processing. After got approval from approver a digitally signed copy certificate issued to applicant and it available to their application login. Certified copy of the firm will be sent to applicant by hand delivery/post. The applicant is informed about the approval/rejection of the application. In case of discrepancies, objection letter will be sent to applicant
Certified True Copy of Partnership Deed (Certified by Chartered Accountant
Certified True Copy of Marathi Translation of Partnership Deed (Certified by Chartered Accountant
Blank Stamp Paper of Rs. 10/- in the name of Partner or firm
Authority letter signed by all partners if documents are submitted by Chartered Accountant
Covering letter with Rs.5/- Court Fee Stamp
If company is partner Certified True Copy of Memorandum of Articles and Resolution
If Trust is partner Certified True Copy of Trust Deed
If business required License from Government Department then Certified True Copy of License