business.gov.in Procedure for Registration of Partnership Firm

Organization : Business Portal of India
Facility : Procedure for Registration of Partnership Firm

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Procedure for Registration of a Partnership Firm :
The law relating to a partnership firm is contained in the Indian Partnership Act, 1932. Under Section 58 of the Act, a firm may be registered at any time ( not merely at the time of its formation but subsequently also ) by filing an application with the Registrar of Firms of the area in which any place of business of the firm is situated or proposed to be situated.

Application shall contain :
** name of the firm
** place or principal place of business
** names of any other places where the firm carries on business.
** date on which each partner joined the firm
** name in full and permanent address of partners.
** duration of the firm

Application shall be accompanied by prescribed fee as well as the following documents :
** Prescribed Registration Form for Incorporation of a Company. (Form No. 1 and Specimen of Affidavit)
** certified true copy of the Partnership deed entered into.
** ownership proof of the principal place of business

penalty for furnishing false particulars :
Any person who signs any statement, amending statement, notice or intimation under this Chapter containing any particular which he knows to be false or does not believe to be true or containing particulars which he knows to be incomplete or does not believe to be complete, shall be punishable with imprisonment which may extend to three months, or with a fine or with both.

Any alterations, subsequent to Registration shall be notified to the registrar :
Change in firm name and principal place of business (Section 60) shall require sending of a new application form along with the prescribed fee, duly signed and verified by all the partners.

Change relating to opening and closing of branches. :
When a registered firm discontinues business at any place or begins to carry on business at any place, such place not being its principal place of business, any partner or agent of the firm may send intimation thereof to the Registrar.

Change in the name and permanent address of any partner :
When any partner in a registered firm alters his name or permanent address, an intimation of the alteration may be sent by any partner or agent of the firm to the Registrar

Change in the constitution of the firm and its dissolution :
When change occurs in the constitution of the firm, any of the new, continuing or the outgoing partner, while when a registered firm is dissolved , any person who was a partner immediately before the dissolution or the agent of any such partner or person specially authorized on his behalf, may give notice of such a change to the Registrar, specifying the date thereof.