A partnership is easy to form since no complex business formalities are required to be fulfilled. The Partnership Act, 1932 regulates the registration of partnership firms in India. A minimum of two persons is required for the registration of the partnership firm.
There does not exist, a standard procedure, common throughout the Indian Territory due to the discretionary powers given to the state governments to establish a procedure suiting the needs of the general public. However, the basic steps for registration and requirements such as the existence of a partnership deed are common to all. These facets will be elaborated on in the course of this research.
An application form along with fees should be submitted to the Registrar of Firms of the State in which the firm is situated for registering a partnership firm. The application has to be signed by all partners or their agents. After the Registrar of the Firms is satisfied with the correctness of the application, he will register the firm in Register of Firms and issue Certificate of Registration.
Documents For Partnership Firm Registration: