Firm Registration

Firm Registration Consutants And Advisory Services

Most Of The Business in India Still in form of Partnership Firm Registration Being it has its unique features and less compliance compare with corporate form of business structure and easy to operate. Partnership firm registration form of business registrations are common being many together can do better and large extent than a single person in terms of huge capital necessity, collective decisions, Strength, technology, innovation, working assitance by a person excelled in the similar business lead to carry together

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Firm Registration Consultants Across India. Hyderabad(Telangana), Amaravathi,Vijayawada, Visakhapatnam (Andhra Pradesh), Bangalore (Karnataka), Coimbatore, Chennai(Tamilnadu), Delhi,Pune,Mumbai(Maharashtra), Jaipur(Rajasthan), Kolkata(West Bengal),Bhopal(Madhya Pradesh), Dehradun(Uttaranchal),Baroa,Ahmedabad,Gandhinagar(Gujarat) Patna(Bihar),Ranchi(Jarkhand),Panaji(Goa),Raipur(Jarkhand), Itanagar(Arunachal Pradesh), Dispur(Assam), Chandigarh, Punjab, Kochi, Thiruvanantapuram(Kerala), Shillong(Himachal), Aizwal(Mizoram), Kohima(Nagaland), Bhubaneswar(Odisha), Gangtok(Sikkim), Lucknow(Uttar Pradesh), Agartala(Tripura)

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Firm Registration

Firm Registration Consultants And Post Registration Services

Firm Registration Consultancy And Service Providers: We At Aim To provide Complete Services inception form Registration Of Partnership Firm, Drafting Of Partnership Deed , Amendment Or Changes In Existing Partnership Deed, Admission Of New Partner/Partners, Retirement Of A Partner, Submission Of Partnership Deed With Respective Department Office, Getting Firm Registered And Providing Firm Registration Certificate, Applying Firm Pan And Tan And Post Registration Services. Partnership Firm Income Tax Return Filing , Applying Partnership Pan card And Tan Number For The Business and Other Business Consultancy Services.

To Whom Partnership firm Registration Best Suitable ?

Whose Business Limited To Local Area and No chance Of Huge Losses Or Unexpected Losses And Carry Business with members of Family is better advised to carry on.

What Is Liability Of Partners Of A Partnership Firm ?

Liability Is not only limited to the amount of contribution made in partnership it also extends to personal assets being it does't have legal entity character like private limited company.

Implies In Case If Losses in business your personal assets need to bring to clear the debts of the company.

What is meant by Partnership Firm/Partnership Firm Registration ?

where 2 or more persons carry on business and acting together or any one on behalf of them to carry on business for profit upon the agreed terms writing in form of partnership deed

What is meant by partnership deed ?

Partnership Deed of a Firm Mean Any agreement in writing made between partners of the partnership firm describing rights, liabilities, share in profit and losses and other matters of important in carrying of operations of business effectively

what is reconstituion partnership deed ?

Constitution of partnership deed mean the persons whose names are written in agreement of partnership firm at the time of entering in to partnership business. partnes may be changed due to their occupation or death or if any matter in concern with. the soon partner changed in the firm need to draft new deed of partnership firm constituting new partner name who is interested to continue and also with the name of the person leaving duly signed in respective column

What is amendment of parnership deed of partnership firm ?

There may be situations after registration of partnership firm like change in working partner, operation of bank account terms, responsibilities of partners, if any, need to be amended in the partnership deed and submit the same with respective authority in this behalf. hence new partnership deed need to be made title as amendement of partnership deed

Hence Choose Best Form Of Business Registration That Are In Force In India in repective act made in this behalf

1.Option: Proprietorship

2. Limited Liability Partnership (LLP)

3. Private Limited Company

4. One Person Private Limited Company

5.Public Ltd Company

To carry on business under partnership act 1932 then provide us below documents and information:

 

Documents And Information Required To Register A Partnership Firm (As Per Patnership Firm Act 1932)

1. Colour Photo -1

2. Pan Card (Optional).

3. Adhar Card Or Voter Id Or Driving License Or Passport - Compulsary Requirement

4. Office electricity Bill.

5. Rental Agreement

Note:If Premises Are Own NOC Required - We Provide Noc Format

Note: Registration At Delhi & Mumbai Locations Required: Noc From Society Or Premises Owners Required.

STATE WISE CHARGES :

Hyderabad, Secunderabad @ 6500 Rs

Andhra Pradesh- VIJAYAWADA & VISHAKAPATNAM @ 10,000 Rs

Tamil Nadu-CHENNAI @ 6500 Rs

Karnataka -Bangalore @ 12,000 Rs

Maharashtra - Mumbai And Pune @ 10,500 Rs

New Delhi @ 7500 Rs

Patna -Bihar @ 25500 Rs

West Bengal -Kolkata @6000 + Trade License Professional Fee @ 4000 Rs

MadhyaPradesh -Bhopa & Gwalior @ 7500 Rs

Jammu @ 8000 Rs

Kerala & Punjab @ 16500 Rs (Includes Rs 10000 Stamp Paper)

Gujarath -Ahmedabad @ 6500 Rs

Odissa @ 7000 Rs

Chattisgarh @ 7500 Rs

Rajasthan @ 7000 Rs

We Provide The Following After Completion Of Firm Registration

1) Partnership Firm Registration Certificate.

2) Partnership Deed.

3) Firm Pan(PERMANENT ACCOUNT NUMBER - PAN NUMBER)

4) Firm Tan (TAX DEDUCTION ACCOUNT NUMBER- TDS)

Registration of Partnership May be completed 5 to 12 Working Days.Approval Time is Subject to Registrar of Firms.

Click Below to download forms :

1 Photo Form for identifying partners

2 Partnership Application for Registration

3 Details of firm

4 NEW PANCARD APPLICATION FORM

DOWNLOAD: INDIAN PARTNERSHIP ACT 1932

AFTER COMPLETION OF PARTNERSHIP FIRM REGISTRATION

THE FOLLOWING OTHER REGISTRATIONS TO BE TAKEN AS PER THE NATURE OF BUSINESS

1. PROFESSIONAL TAX (COMPULSARY FOR EVERY FIRM)- RS 10000/-EVERY YEAR RENEWAL IS MUST

2. SERVICE TAX (IF YOU ARE A SERVICE PROVIDER) -7000 RS- HALF YEARLY E FILING OF RETURNS

3. TIN OR SALES TAX OR VAT AND CST- IF YOU ARE A PRODUCT SELLER OR CONTRACTOR - - 8500/- RS -- QUARTERLY OR HALFYEAR OR MONTHLY AS APPLICABLE NEED TO E FILE RETURNS

4. SHOP AND ESTABLISHMENT LICENSE (LABOUR LICENSE)- 5500 /- RS(1 TO 5 EMPLOYEES ) COMPULSARY FOR EVERY FIRM - EVERY YEAR OR AS APPLICABLE TO BE RENEWED

THE INDIAN PARTNERSHIP ACT 1932. CONTENTS

1

THE INDIAN PARTNERSHIP

ACT 1932


CONTENTS

CHAPTER- I

PRELIMINARY

Sections
  1.     Short title, extent and commencement
  2.     Definitions
  3.     Application of provisions of Act 9 of 1872

pages
CHAPTER- II

THE NATURE OF PARTNERSHIP

Sections
  • 4.    Definition of " Partnership", "Partner", "Firm" and "firm name"..
  • 5.    Partnership not created by status 1
  • 6.    Mode of determining existence of partnership
  • 7.    Partnership at will
  • 8.    Particular partnership

CHAPTER- III

RELATIONS OF PARTNERS TO ONE ANOTHER

Sections
  • 9.    General duties of partners
  • 10.    Duty to indemnify for loss caused by fraud
  • 11.    Determination of rights and duties of partners by contract between the partners
  • 12.    The conduct of the business
  • 13.    Mutual rights and liabilities
  • 14.    The property of the firm
  • 15.    Application of the property of the firm
  • 16.    Personal profits named by partners
  • 17.    Rights and duties of partners

CHAPTER- IV

RELATION OF PARTNERS TO THIRD PARTIES

Sections
  • 18.    Partners to be agent of the firms
  • 19    Implied authority of partner as agent of the firm



2

II     The Indian Partnership Act, 1932                       Contents
  • 20.      Extension and restriction of partner's implied authority
  • 21.      Partner's authority in an emergency.
  • 22.      Mode of doing act to bind firm
  • 23.      Effect of admissions by a partner
  • 24.      Effect of notice to acting partner
  • 25.      Liability of a partner for acts of the firm
  • 26.      Liability of the firm for wrongful acts of a partner .
  • 27.      Liability of firm for misapplication by partners
  • 28.      Holding out
  • 29.      Rights of transferee of a partner's interest
  • 30.      Minors admitted to the benefits of partnership.
CHAPTER- V

INCOMING AND OUTGOING PARTNERS.

  • 31.      Introduction of a partner
  • 32.      Retirement of a partner .
  • 33.      Expulsion of a partner
  • 34.      Insolvency a partner
  • 35.      Liability of estate of deceased partner
  • 36.      Rights of outgoing partner to carry on competing business
  • 37.      Right of outgoing partner in certain cases to share subsequent profits .
  • 38.      Revocation of continuing guarantee by change in firm

CHAPTER- VI

DISSOLUTIONOF A FIRM

  • 39.    Dissolution of firm
  • 40.    Dissolution by agreement
  • 41.    Compulsory dissolution
  • 42.    Dissolution on the happening of certain contingencies
  • 43.    Dissolution by notice of partnership at will
  • 44.    Dissolution by the
  • 45.    Liability for acts of partners done after dissolution
  • 46.    Right of partners to have business wound up after dissolution.
  • 47.    Continuing authority of partners for purposes of winding up
  • 48.    Mode of settlement of accounts between partners
  • 49.    Payment of firm debts and of separate debts.
  • 50.    Personal profits earned after dissolution



3

III     The Indian Partnership Act, 1932                       Contents
  • 51.      Return of premium on premature dissolution
  • 52.      Rights where partnership contract is rescinded for fraud or misrepresentation
  • 53.     Rights to restrain from use of firm name or firm property
  • 54.      Agreements in restraint of trade
  • 55.      Sale of good will after dissolution
  • 56.      Liability of a partner for acts of the firm
  • 57.      Liability of the firm for wrongful acts of a partner .
  • 58.      Liability of firm for misapplication by partners
  • 59.      Holding out
  • 60.      Rights of transferee of a partner's interest
  • 61.      Minors admitted to the benefits of partnership.
CHAPTER- VII

REGISTRATION OF FIRMS

  • 56.      Power to exempt from application of this Chapter
  • 57.      Appointment of Registrar .
  • 58.      Application of registration
  • 59.      Registration
  • 60.      Recording of alterations in firm name and principal place of business.
  • 61.      Noting of closing and opening of branches
  • 62.      Noting of changes in names and addresses of partners
  • 63.      Recording of changes in and dissolution of a firm .
  • 64.      Rectification of mistakes
  • 65.      Amendment of Register by order of court
  • 66.      Inspection of Register and filed documents
  • 67.      Grant of copies
  • 68.      Rules of evidence.
  • 69.      Effect of non- registration
  • 70.      Penalty for furnishing of false particulars
  • 71.      Power to make rules

CHAPTER- VIII

SUPPLEMENTAL

  • 72.    Compulsory dissolution
  • 73.    Dissolution on the happening of certain contingencies
  • 74.    Dissolution by notice of partnership at will


****************



4

THE INDIAN PARTNERSHIP ACT , 1932.
(ACT NO.9 OF 1932)
(8th April,1932)

An Act to define and amend the law relating to partnership.

WHEREAS it is expedient to define and amend the law relating to
partnership, It is hereby an acted as follows:
CHAPTER - I- PRELIMINARY

1.  Short title extend and commencement - (1) This Act may be
called the Indian partnership Act. 1932.

a).  It extends to the whole of India except the State of
Jammu & Kashmir..

b).  It shall come int0 force on the Ist day of October , 1932,
except Sec. 69 which shall come into force on the Ist day
October, 1933.



2.  Definitions - (In this Act, unless there is anything repugnant in
the subject or context -

a).  An " act of a firm" means any act or omission by all the
partners, or by any partner or agent of the firm which
gives rise to a right enforceable by or against the firm":

b).  " business" includes every trade, occupation and
profession.

c).  "Prescribed" means prescribed by rules made under this
Act"

d).  "Thirdy party " used in relation to a firm or to a partner
therein means any person who is not a partner in the
firms" and

e).  expression used but not defined in this Act and defined in
the Indian



3.  Application of provisions of Act 9 of 1872 - - The unrepealed
provisions of the Indian contract Act, 1872 , save in so far as they are
inconsistent with the express provision of this act, shall continue to
apply to firms

CHAPTER - II - THE NATURE OF PARTNERSHIP

3.  Definition of " Partnership", "partner", firm" and "firm
name"-
"Partnership" is the relation between persons who have agreed
to share the profits of a business carried on by all or any of them acting
for all.





5

Persons who have entered into partnership with one another are called individually " partners" and collectively " a firm" , and the name under which their business is carried on is called the " firm name"

Shortnote

-Sec.4-.  Partnership is an association of persons carrying business & in
law the firm name is compendious method of describing partners-
Deoha F.Guzdar Bombay us C.I.T. Air, 1955 SC 74.

5.  Partnership not created by status- The relation of partnership
arises from contract and not from status:

and, in particular, the members of a Hindu undivided family
carrying on a family business as such, or a Burmese Buddhist
husband and wife carrying on business as such, are not
partners in such business.

6.    Mode of determining extence of partnership - In determining
whether a group of persons is or is not a firm, or whether a person is or
is not partner in a firm, regard shall be had to the real relation between
the parties, as shown by all relevant facts taken together.

Explanation-.    1. The sharing of profits or of gross returns arising
from property by persons holding a joint or common interest in that
property does not of itself make such persons partners.

Explanation-.    2 The receipt by a person of a share of
the profits of a business, or of a payment contingent upon the earning
of profits or varying with the profits earned by a business, does not of
itself make him a partner with the persons carrying on the business ;
and i, particular, the receipt of such share or payment -

a).  by a lender of money to persons engaged or about to
engage in any business.

b).  by a servant or agent as remuneration

c).  "Prescribed" means prescribed by rules made under this
Act"

d).  by a previous owner or part owner of the business , as
consideration for the sale of the goodwill or share thereof.
does not of itself make the receiver a partner with the persons
carrying on the business.

7.    Partnership at will- Where no provision is made by contract
between the partners for the duration of their partnership, or for the
determination of their partnership, the partnership is " Partnership at
will".

8.    Particular partnership- A person may become a partner with
another person in particular adventures or undertaking.