Partnership Firm Registration

Partnership firm registration is the formation of a partnership under the Indian Partnership Act 1932 — the partnership deed that records the partners, the capital, the profit sharing, the management and the terms, the stamp duty on the deed under the state law, the optional registration of the firm with the Registrar of Firms, and the PAN and the bank account of the firm. The partnership is the structure of the joint business among the partners, governed by the Act where the deed is silent, and the deed is the document the partnership runs on.

The partnership deed is where the partnership's terms are actually set — the capital contributions, the profit sharing, the drawings, the management, the admission and the retirement of the partners, the dissolution — and the Act fills the gaps the deed leaves. The registered firm carries the legal standing under Section 69 of the Act — the unregistered firm cannot sue the third parties on the partnership's contracts — and the PAN and the bank account are the identity the firm operates with.

The cost of a thin deed or an unregistered firm is the dispute and the blocked remedy: the partner's share that was never defined, the retirement that was never structured, the firm that cannot sue under Section 69 because it was never registered.

This service is for partners forming or restructuring a firm. We draft the partnership deed under the Indian Partnership Act 1932 — the capital, the profit sharing, the management, the admission, the retirement and the dissolution — arrange the stamp duty and the registration of the firm, obtain the PAN and the TAN and the bank account, and set up the firm's compliance so the partnership runs on its deed.