Telangana Registration : Procedure for Registration of a Partnership Firm

Name of the organisation : Registration & Stamps Department,Telangana
Type Of Facility : Procedure for Registration of a Partnership Firm
Home Page :http://registration.telangana.gov.in
Download here :Form IV : https://www.statusin.in/uploads/739-PartnershipFormIV.pdf
FormV. : https://www.statusin.in/uploads/739-PartnershipFormV.pdf

Registration of a Partnership Firm

The law relating to a partnership firm is contained in the Indian Partnership Act, 1932. 2. 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.

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The District Registrar, Registration and Stamps Department in the State of Andhra Pradesh 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 o Application shall be signed and verified by all the partners or their duly authorized agents. o Application shall be accompanied by prescribed fee as well as the following documents:

** 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 (the District Registrar, Registration and Stamps Department in the State of Andhra Pradesh) of the area in which any place of business of the firm is situated or proposed to be situated.

Application shall be accompanied by prescribed fee as well as the following documents :
** Prescribed Registration Form for Incorporation of a firm. (Form No. 1 and Specimen of Affidavit)
** Certified true copy of the Partnership deed entered into.
** Ownership proof of the principal place of business
** Name of the firm should not contain any words which may express or imply the approval or patronage of the government except where the Government of India has given its written consent for the use of such words as part of the firm’s name.

Any alterations, subsequent to Registration shall be notified to the registrar :
** Change in firm name and principal place of business (Section 60)— These events shall require sending of a new application form along with the prescribed fee, duly signed and verified by all the partners. o Change relating to opening and closing of branches. (Section 61)— 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.

Functions of Telangana Registration & Stamps

The Telangana Registration & Stamps Department is a government department responsible for the registration of documents and the collection of stamp duty. The department is headed by the Commissioner and Inspector General of Registration and Stamps.

The main functions of the Telangana Registration & Stamps Department are:
** Registration of documents: The department registers all documents that are required to be registered under the Registration Act, 1908. This includes documents such as sale deeds, gift deeds, lease deeds, and wills.
** Collection of stamp duty: The department collects stamp duty on all documents that are required to be stamped under the Indian Stamp Act, 1899. The amount of stamp duty payable depends on the value of the property or transaction.
** Providing information and assistance to the public: The department provides information and assistance to the public on matters relating to registration and stamp duty. This includes providing information on the registration process, the types of documents that need to be registered, and the amount of stamp duty payable.
** Enforcing the law: The department enforces the law relating to registration and stamp duty. This includes taking action against people who fail to register documents or pay stamp duty.