Partnership Firm 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.
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Minium Requirement

  • Minimum 2 Partners
  • Maximum 20 Partners
  • There is no concept of share capital, but there has to be some sort of contribution from each partner
  • Rent Agreement

Document Required

  • ID & address proof of partners.
  • Passport size photograph of partners.
  • Proof of registered address of the firm.
  • registered office rented : Rent Agreement (Note : address proof of partners Copy of any one of the following : Passport/voter id/Ration card/D.L./Electricity bill/Bank

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