Partnership Firm Registration

Company Registration in Mumbai, GST Registration in Mumbai, GST Filing, LLP Registration in Navi Mumbai, Partnership Firm Registration in Andheri, Private Limited Company Registration in Bandra, Tax Baniya

A partnership firm is a business structure in which two or more people join forces to start a business and divide the profits according to a predetermined ratio.

Partnership Firm is registered under Partnership Act, 1932. 

A partnership firm is not a separate legal entity from its members; rather, it is a collection of their legal rights. It is simply the term given to the group of people who have come together to form it. 

Partnership Firms are made up of individuals who have entered into a business partnership with one another to carry on a business. The name under which their business is carried on is referred to as the “Firm Name.” Individual partners are referred to as “Partners,” while the entire partnership is referred to as a “Partnership Firm.”

Tax Baniya will help you in all your requirements regarding the registration of Partnership Firm and other formalities. Our Business advisors will give solutions to all your queries regarding Partnership Firm Incorporation and help you to take your decisions easily.

Tax Baniya started with the simple idea that doing business in India should be very easy. Our growing team of young hard working professionals is our biggest asset. Our team puts the consumer first, and work meticulously to ensure that documents are filled correctly and swiftly.

Tax Baniya is leading Company Registration Service Provider and acts as a Consultant in Mumbai, Navi Mumbai, Thane, Palghar 

Simple Pricing With Deliverables

Silver

Unregistered Deed
₹3,999
  • Time Line : 5 – 7 Days
  • Unregistered Deed
  • PAN Card
  • TAN
  • Udhyam Aadhaar

Gold

Registration of Existing Deed
₹6,999
  • Time Line : 5 – 7 Days
  • Application to RoF* in Form A
  • Converted Marathi Deed

Platinum

₹8,999
  • Time Line : 10 – 15 Days
  • Application to RoF* in Form A
  • Converted Marathi Deed
  • PAN Card
  • TAN
  • Udhyam Aadhaar
  • GST Registration

Diamond

₹19,999
  • Time Line : 10 – 15 Days
  • Application to RoF* in Form A
  • Converted Marathi Deed
  • PAN Card
  • TAN
  • Udhyam Aadhaar
  • GST Registration
  • Startup India DPIIT
  • Trademark Application

Registration Process

For Partnership Firm

Collect Checklisted Documents

Make Draft Deed

Execute Deed

Apply For PAN & TAN

Apply for PAN

Marathi Conversion of the Partnership Deed

Rof Form A

Fill Form A

Submit to RoF & Get Acknowledgement

Wait 3 – 5 years for Certificate

Get Rof Certificate

Get Details

Documents & Information Required

For Registration of Partnership Firm

Partnership Firm Details

  • Name of Firm
  • Significance of Firm Name
  • Object of Firm
  • Contributions
  • Ratio of Contributions
  • Address of Firm (Not older than 1 month) - Electricity Bill Or MTNL Bill or GAS Bill
  • No Objection on from Owner

Partners Details

  • Name of Partners
  • Address of Partners
  • Designation of Partners
  • Profit Sharing Ratio
  • Email id of Partners
  • Mobile Number of Partners
  • Photos of Partners
  • PAN Card of Partners
  • Aadhaar Card of Partners

Features

of Partnership Firm

Mutual Agency

All the Partners are Agents of each other and as well as of the Firm, & the liabilities of the Partners are not limited

Lesser Compliance

No Audit / Returns are required under Partnership Act on Annual Basis. Firm can also adopt presumptive scheme under Income Tax Act

Under Partnership Act

Form B
  • Change in principal Place / Nature of business / firm name - Within 90 Days
Form C
  • Opening and closing of branches
Form D
  • Change in the Name (Person/Limit ed Company) and Address of the Partner
Form E
  • Change in Constitution - Admission/ Retirement/ Dissolution/ Death of Partner/minor partner
Form F
  • Minor attaining majority and elects to become/ not to become a Partner

Under Income Tax Act

  • ITR In case Tax Audit is not required - 31st July of every year
  • In Case Tax Audit under Income Tax Applicable (Turnover Exeed 50/75 lacs in case of Professionals or 1/10 Crore for Others) - 30th September for Tax Audit Filing & 31st October for ITR Filing
  • Penalty For Non Filing of ITR – Rs. 1,000 to 5,000
  • Penalty for Non filing of Tax Audit Report - 0.5% of the turnover or the gross receipts subject to a maximum of Rs. 1,50,000

F.A.Qs

on Registration of Partnership Firm

Copy of partnership deed certified by Chartered Accountants (CA) or Advocate is sufficient

No, We have to first submit that only to RoF , if they raise objection against that we can modify the Form

Affidavit is mandatory if any particular business requiring License to carry out the business the copy of License is to be submitted along with the submission. If License is not obtained then a Undertaking in Affidavit form signed by all the partners should be submitted he business like Petrol Pump/L.P.G.Gas/Kerosene, Ration Shop/Liquor requires the permission of Licensing authority to carry out business in partnership. In such a cases Copy of License is mandatory

Stamp paper must be in the name of firm or partners. And we must submit back side of stamp paper also which contains purpose and name of purchaser of stamp paper

Date of filling of documents must be within one month of such notarization.

Date of filling of documents must be within one month of such notarization.

If Deed is not duly stamp or in other case if six month has been lapsed after the execution of deed then in such cases the deed is required to be Adjudicated by the Stamp Authority

Form A – Registration

Form B – Change in principal Place/nature of business/firm name

Form C- Opening and closing of branches

Form D – Change in the Name (Person/Limited Company) and Address of the Partner

Form E- Change in Constitution (Admission/ Retirement/ Dissolution/Death of Partner/minor partner)

Form F – Minor attaining majority and elects tobecome/ not to become a Partner

Form A –Filing Fees Rs 1600 and Penalty Rs. 1000/-for a year or part thereof if filed after 1 year

Other Form – Filing Fees Rs 1200 and Penalty RS Rs. 2000/- for a year or part thereof if filed after 90 days

We have to apply to RoF office with request letter, letter of Authority if filed by CA, PAN of Partners, Copy of Form A Acknowledgement etc

If there is Clause in deed that firm will not dissolve on death of partner we can add w.e.f. partner death any other partner if partner are less then 2

We can make change in constitution deed if we just want to record partner death without any new addition

We can file online form A with revised fees and enclosing old Form Acknowledgement , RoF will process that application fast

Yes we can file 2 changes in same deed with 2 effective dates but RoF will charge fees for both changes even for single form

Yes we can file 2 changes in same deed with 2 effective dates but RoF will charge fees for both changes even for single form

No, Same form cant be raised twice for different changes without first being processed, we have to first write letter to RoF that a changes have occurred further to old Form so please process old form fast so that we can raise new Form

No its not required

What is Stamp Duty on Incorporation

Stamp paper will be 1% of the amount of share contribution subject to maximum of Rs 15000

Stamp paper will be 1% of the amount of incoming share contribution subject to maximum of Rs 15000

Rs 500