Meerad Business Solutions | A Company Secretary and Chartered Accountant Company | Our services include Company Registration, LLP registration, One person company formation, NGO registration, Trust registration, Society registration, Section 8/25 company registration, Sole-Proprietorship registration, Industrial Consultancy, Project Report Preparations, Market Research, Market study, EPF registration, ESI registration, Service tax registration, CST & VAT registration, Professional tax registration, DOT OSP license, Call centre license, trade license, contractor license, labour license, food license, drug license, security agency license, ISO certifications, OHSAS certifications, ISI certifications, AGMARK, HALLMARK, CE certifications, FSSAI certifications, Accounts preparations, Statutory audit, cost audit, tax audit, vat audit, internal audit, secretarial audit, annual return, mca filling, income tax return filling, service tax return filling, sales tax & vat return filling, EPF return filling, ESI return filling, Website designing and development, Inventory software development, Bulk email service, Bulk sms service, Missed call number, Toll free number, Logo designing, letter head designing, Stationary designing, Business set up consultancy, Company Secretarial Services, Chartered accountants in Patna, Bihar, Jharkhand, India.

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Partnership Registration

Partnership firms in India are governed by the Indian Partnership Act, 1932. While it is not compulsory to register your partnership firm as there are no penalties for non-registration, it is advisable since the following rights are denied to an unregistered firm:

• A partner cannot file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act

• A right arising from a contract cannot be enforced in any Court by or on behalf of your firm against any third party

• Further, the firm or any of its partners cannot claim a set off (i.e. mutual adjustment of debts owned by the disputant parties to one another) or other proceedings in a dispute with a third party.

Registration Procedure:

A partnership firm can be registered whether at the time of its formation or even subsequently. You need to file an application with the Registrar of Firms of the area in which your business is located.

• Application for partnership registration should include the following information:

- Name of your firm
- Name of the place where business is carried on
- Names of any other place where business is carried on
- Date of partners joining the firm
- Full name and permanent address of partners.
- Duration of the firm

• Every partner needs to verify and sign the application

• Ensure that the following documents and prescribed fees are enclosed with the registration application :

- Application for Registration in the prescribed Form – I
- Duly filled Specimen of Affidavit
- Certified copy of the Partnership deed
- Proof of ownership of the place of business or the rental/lease agreement thereof

It may be noted here that the name of your partnership firm should not “contain any words which may express or imply the approval or patronage of the government except where the government has given its written consent for the use of such words as part of the firm’s name”.

Once the Registrar of Firms is satisfied that the application procedure has been duly complied with, he shall record an entry of the statement in the Register of Firms and issue a Certificate of Registration.

The Documents required to register the partnership Firm are as follows:

1.	ID proof of all the Partners - Voter ID or DL or Passport
2.	One Partnership Deed between the partners which show the share of each partners
3.	One electricity bill or water bill of office premises.
4.	NOC from the landlord of the premises.
5.	Name of the firm and nature of business.

Note:-

1.	Partnership Firm Registration services are currently available in our head office Patna only.
2.	Please Use Resources - List of Documents Required Tab to know about recent documents required for registration of Partnership.