{"id":331,"date":"2018-06-29T05:52:34","date_gmt":"2018-06-29T05:52:34","guid":{"rendered":"https:\/\/companyregistrationonline.in\/?p=331"},"modified":"2020-12-30T08:37:47","modified_gmt":"2020-12-30T08:37:47","slug":"partnership-registration","status":"publish","type":"post","link":"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/","title":{"rendered":"Partnerships in India"},"content":{"rendered":"<p>[fusion_builder_container hundred_percent=&#8221;no&#8221; equal_height_columns=&#8221;no&#8221; menu_anchor=&#8221;&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; class=&#8221;&#8221; id=&#8221;&#8221; background_color=&#8221;&#8221; background_image=&#8221;&#8221; background_position=&#8221;center center&#8221; background_repeat=&#8221;no-repeat&#8221; fade=&#8221;no&#8221; background_parallax=&#8221;none&#8221; parallax_speed=&#8221;0.3&#8243; video_mp4=&#8221;&#8221; video_webm=&#8221;&#8221; video_ogv=&#8221;&#8221; video_url=&#8221;&#8221; video_aspect_ratio=&#8221;16:9&#8243; video_loop=&#8221;yes&#8221; video_mute=&#8221;yes&#8221; overlay_color=&#8221;&#8221; video_preview_image=&#8221;&#8221; border_color=&#8221;&#8221; border_style=&#8221;solid&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; padding_left=&#8221;&#8221; padding_right=&#8221;&#8221; type=&#8221;legacy&#8221;][fusion_builder_row][fusion_builder_column type=&#8221;1_1&#8243; layout=&#8221;1_1&#8243; background_position=&#8221;left top&#8221; background_color=&#8221;&#8221; border_color=&#8221;&#8221; border_style=&#8221;solid&#8221; border_position=&#8221;all&#8221; spacing=&#8221;yes&#8221; background_image=&#8221;&#8221; background_repeat=&#8221;no-repeat&#8221; padding_top=&#8221;&#8221; padding_right=&#8221;&#8221; padding_bottom=&#8221;&#8221; padding_left=&#8221;&#8221; margin_top=&#8221;0px&#8221; margin_bottom=&#8221;0px&#8221; class=&#8221;&#8221; id=&#8221;&#8221; animation_type=&#8221;&#8221; animation_speed=&#8221;0.3&#8243; animation_direction=&#8221;left&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; center_content=&#8221;no&#8221; last=&#8221;true&#8221; min_height=&#8221;&#8221; hover_type=&#8221;none&#8221; link=&#8221;&#8221; border_sizes_top=&#8221;&#8221; border_sizes_bottom=&#8221;&#8221; border_sizes_left=&#8221;&#8221; border_sizes_right=&#8221;&#8221; first=&#8221;true&#8221; type=&#8221;1_1&#8243;][fusion_text]<\/p>\n<p style=\"text-align: justify;\">Partnership in India is governed under the Indian Partnership Act, 1932. It extends to the whole of India except the state of J&amp;K and partnership registration is done by Register of Company (ROC). As per Section 4 Partnership Act, 1932\u00a0\u00a0&#8220;It 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. Persons who have entered into a partnership with one another are called individually &#8220;partners&#8221; and collectively &#8220;a firm&#8221;, and the name under which their business is carried on is called the &#8220;firm name&#8221;.\u00a0 However, <strong><a href=\"https:\/\/companyregistrationonline.in\/llp-registration\/\">Partnership registration<\/a><\/strong> is not a mandatory requirement but it is advisable to register a firm.<\/p>\n<h2 style=\"text-align: justify;\" data-canvas-width=\"311.76561999999996\">\u00a0Features of partnership<\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"text-align: left;\" data-canvas-width=\"311.76561999999996\"><strong>Mode of creation<\/strong>:\u00a0 It is created by an agreement between the partners however <strong><a href=\"https:\/\/www.legalraasta.com\/llp-registration\/\">partnership registration<\/a><\/strong> is not a mandatory requirement under the Partnership Act.<\/li>\n<li style=\"text-align: left;\" data-canvas-width=\"311.76561999999996\"><strong>Separate legal entity<\/strong>: A partnership firm has no separate legal existence. The partners and the firms are the same.<\/li>\n<li style=\"text-align: left;\" data-canvas-width=\"311.76561999999996\"><strong>Member&#8217;s liability<\/strong>: Members of the partnership firm will have joint and unlimited liability.<\/li>\n<li style=\"text-align: left;\" data-canvas-width=\"311.76561999999996\"><strong>Partners<\/strong>: The maximum number of members in partnership cannot exceed 50.<\/li>\n<li style=\"text-align: left;\" data-canvas-width=\"311.76561999999996\"><strong>Perpetual succession<\/strong>: There is no perpetual succession in a partnership unless provided for indeed.<\/li>\n<li style=\"text-align: left;\" data-canvas-width=\"311.76561999999996\"><strong>Share transfer<\/strong>: The shares are not freely transferable, consent of all other partners is required.<\/li>\n<li style=\"text-align: left;\" data-canvas-width=\"311.76561999999996\"><strong>Members agency<\/strong>: Every partner is an agent of the firm and other partners.<\/li>\n<li style=\"text-align: left;\" data-canvas-width=\"311.76561999999996\"><strong>Powers<\/strong>: The partners are free to do anything that they have agreed to with mutual consent.<\/li>\n<li style=\"text-align: left;\" data-canvas-width=\"311.76561999999996\"><strong>Management<\/strong>: The partners are entitled to take part in the management of the firm unless a partner is not a sleeping partner.<\/li>\n<li style=\"text-align: left;\" data-canvas-width=\"311.76561999999996\"><strong>Audit<\/strong>: A partnership firm is not liable to audit its accounts mandatory.<\/li>\n<li style=\"text-align: left;\" data-canvas-width=\"311.76561999999996\"><strong>Dissolution<\/strong>: The dissolution of a partnership firm can be done with the consent of all the partners anytime.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;If you want to apply for Company incorporation, you can go with Company Registration Online&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:4194817,&quot;3&quot;:[null,0],&quot;12&quot;:0,&quot;25&quot;:[null,0,0]}\">If you want to apply for <strong><a href=\"https:\/\/www.legalraasta.com\/private-limited-company-registration\/\">Company incorporation<\/a><\/strong>, you can go with <strong><a href=\"https:\/\/companyregistrationonline.in\">Company Registration Online<\/a><\/strong><\/span><\/p>\n<h2 style=\"text-align: justify;\">Partnership Registration<\/h2>\n<p style=\"text-align: justify;\">The <strong><a href=\"https:\/\/companyregistrationonline.in\/llp-registration\/\">registration of a partnership firm<\/a><\/strong> is not mandatory, but it is beneficial if one does so. To register you need to file an application to the Registrar of Company (ROC)\u00a0 office in your business area.<\/p>\n<ul style=\"text-align: justify;\">\n<li>Verification and signature of all the partners is required<\/li>\n<li>\u00a0Attach the following documents and pay the prescribed fees\n<ul>\n<li>Registration application in Form-I<\/li>\n<li>Duly filled affidavit specimen<\/li>\n<li>Certified partnership deed copy<\/li>\n<li>Property papers or rental\/lease agreement of the business location.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>The partnership deed formed must have the following information in it:\n<ul>\n<li>\u00a0Name of the firm<\/li>\n<li>\u00a0Business place location(s)<\/li>\n<li>Date of partnership formation<\/li>\n<li>Complete name and permanent address of partners.<\/li>\n<li>The time period of the partnership firm, if any.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\" data-canvas-width=\"311.76561999999996\">After the application is filed the Registrar of Company (ROC)\u00a0 will go through it and once it is satisfied that compliance is met then it will issue a Certificate of Incorporation (COI)\u00a0 and enter the company&#8217;s name in the register. After receiving the COI,<strong><a href=\"https:\/\/www.legalraasta.com\/requirements-to-be-a-partner-in-a-partnership-firm\/\"> registration of the partnership<\/a><\/strong> is completed.<\/p>\n<blockquote>\n<p class=\"entry-title fusion-post-title\" data-fontsize=\"30\" data-lineheight=\"37\"><a href=\"https:\/\/www.legalraasta.com\/blog\/llp-better-private-limited-company\/\">Why LLP is better than Private Limited Company<\/a><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\" data-canvas-width=\"311.76561999999996\">\n<p>[\/fusion_text][\/fusion_builder_column][\/fusion_builder_row][\/fusion_builder_container]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[fusion_builder_container hundred_percent=&#8221;no&#8221; equal_height_columns=&#8221;no&#8221; menu_anchor=&#8221;&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; class=&#8221;&#8221; id=&#8221;&#8221; background_color=&#8221;&#8221; background_image=&#8221;&#8221; background_position=&#8221;center center&#8221; background_repeat=&#8221;no-repeat&#8221; fade=&#8221;no&#8221; background_parallax=&#8221;none&#8221; parallax_speed=&#8221;0.3&#8243; video_mp4=&#8221;&#8221; video_webm=&#8221;&#8221; video_ogv=&#8221;&#8221; video_url=&#8221;&#8221; video_aspect_ratio=&#8221;16:9&#8243; video_loop=&#8221;yes&#8221; video_mute=&#8221;yes&#8221; overlay_color=&#8221;&#8221; video_preview_image=&#8221;&#8221; border_color=&#8221;&#8221;  [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[557],"tags":[64,63,65],"class_list":["post-331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-articles","tag-features-of-partnership","tag-partnership","tag-partnership-registration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Partnership Registration - Partnerships in India | Company Registration<\/title>\n<meta name=\"description\" content=\"Partnership is governed under a partnership act. Partnership registration is not a mandatory requirement but it is advisable to register a firm.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Partnership Registration - Partnerships in India | Company Registration\" \/>\n<meta property=\"og:description\" content=\"Partnership is governed under a partnership act. Partnership registration is not a mandatory requirement but it is advisable to register a firm.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/\" \/>\n<meta property=\"og:site_name\" content=\"Company Registration Online\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-29T05:52:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-30T08:37:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/companyregistrationonline.in\/blog\/wp-content\/uploads\/2017\/01\/meeting_05-150p-01-e1466263525190-767x524.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"767\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pulkit Jain\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Pulkit Jain\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/\",\"url\":\"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/\",\"name\":\"Partnership Registration - Partnerships in India | Company Registration\",\"isPartOf\":{\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/companyregistrationonline.in\/blog\/wp-content\/uploads\/2017\/01\/meeting_05-150p-01-e1466263525190-767x524.jpg\",\"datePublished\":\"2018-06-29T05:52:34+00:00\",\"dateModified\":\"2020-12-30T08:37:47+00:00\",\"author\":{\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/#\/schema\/person\/b4a23b9b49703a09c5129b4e424e1755\"},\"description\":\"Partnership is governed under a partnership act. Partnership registration is not a mandatory requirement but it is advisable to register a firm.\",\"breadcrumb\":{\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/#primaryimage\",\"url\":\"https:\/\/companyregistrationonline.in\/blog\/wp-content\/uploads\/2017\/01\/meeting_05-150p-01-e1466263525190-767x524.jpg\",\"contentUrl\":\"https:\/\/companyregistrationonline.in\/blog\/wp-content\/uploads\/2017\/01\/meeting_05-150p-01-e1466263525190-767x524.jpg\",\"width\":767,\"height\":524,\"caption\":\"partnership registration\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/companyregistrationonline.in\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Partnerships in India\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/#website\",\"url\":\"https:\/\/companyregistrationonline.in\/blog\/\",\"name\":\"Company Registration Online\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/companyregistrationonline.in\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/#\/schema\/person\/b4a23b9b49703a09c5129b4e424e1755\",\"name\":\"Pulkit Jain\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c588fb1009314bc2f764e947f13c0781186f615cb6d2e4ebbd9fe9495542b3f9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c588fb1009314bc2f764e947f13c0781186f615cb6d2e4ebbd9fe9495542b3f9?s=96&d=mm&r=g\",\"caption\":\"Pulkit Jain\"},\"url\":\"https:\/\/companyregistrationonline.in\/blog\/author\/pulkit-jain\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Partnership Registration - Partnerships in India | Company Registration","description":"Partnership is governed under a partnership act. Partnership registration is not a mandatory requirement but it is advisable to register a firm.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/","og_locale":"en_US","og_type":"article","og_title":"Partnership Registration - Partnerships in India | Company Registration","og_description":"Partnership is governed under a partnership act. Partnership registration is not a mandatory requirement but it is advisable to register a firm.","og_url":"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/","og_site_name":"Company Registration Online","article_published_time":"2018-06-29T05:52:34+00:00","article_modified_time":"2020-12-30T08:37:47+00:00","og_image":[{"width":767,"height":524,"url":"https:\/\/companyregistrationonline.in\/blog\/wp-content\/uploads\/2017\/01\/meeting_05-150p-01-e1466263525190-767x524.jpg","type":"image\/jpeg"}],"author":"Pulkit Jain","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Pulkit Jain","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/","url":"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/","name":"Partnership Registration - Partnerships in India | Company Registration","isPartOf":{"@id":"https:\/\/companyregistrationonline.in\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/#primaryimage"},"image":{"@id":"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/#primaryimage"},"thumbnailUrl":"https:\/\/companyregistrationonline.in\/blog\/wp-content\/uploads\/2017\/01\/meeting_05-150p-01-e1466263525190-767x524.jpg","datePublished":"2018-06-29T05:52:34+00:00","dateModified":"2020-12-30T08:37:47+00:00","author":{"@id":"https:\/\/companyregistrationonline.in\/blog\/#\/schema\/person\/b4a23b9b49703a09c5129b4e424e1755"},"description":"Partnership is governed under a partnership act. Partnership registration is not a mandatory requirement but it is advisable to register a firm.","breadcrumb":{"@id":"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/#primaryimage","url":"https:\/\/companyregistrationonline.in\/blog\/wp-content\/uploads\/2017\/01\/meeting_05-150p-01-e1466263525190-767x524.jpg","contentUrl":"https:\/\/companyregistrationonline.in\/blog\/wp-content\/uploads\/2017\/01\/meeting_05-150p-01-e1466263525190-767x524.jpg","width":767,"height":524,"caption":"partnership registration"},{"@type":"BreadcrumbList","@id":"https:\/\/companyregistrationonline.in\/blog\/partnership-registration\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/companyregistrationonline.in\/blog\/"},{"@type":"ListItem","position":2,"name":"Partnerships in India"}]},{"@type":"WebSite","@id":"https:\/\/companyregistrationonline.in\/blog\/#website","url":"https:\/\/companyregistrationonline.in\/blog\/","name":"Company Registration Online","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/companyregistrationonline.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/companyregistrationonline.in\/blog\/#\/schema\/person\/b4a23b9b49703a09c5129b4e424e1755","name":"Pulkit Jain","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/companyregistrationonline.in\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c588fb1009314bc2f764e947f13c0781186f615cb6d2e4ebbd9fe9495542b3f9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c588fb1009314bc2f764e947f13c0781186f615cb6d2e4ebbd9fe9495542b3f9?s=96&d=mm&r=g","caption":"Pulkit Jain"},"url":"https:\/\/companyregistrationonline.in\/blog\/author\/pulkit-jain\/"}]}},"_links":{"self":[{"href":"https:\/\/companyregistrationonline.in\/blog\/wp-json\/wp\/v2\/posts\/331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/companyregistrationonline.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/companyregistrationonline.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/companyregistrationonline.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/companyregistrationonline.in\/blog\/wp-json\/wp\/v2\/comments?post=331"}],"version-history":[{"count":0,"href":"https:\/\/companyregistrationonline.in\/blog\/wp-json\/wp\/v2\/posts\/331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/companyregistrationonline.in\/blog\/wp-json\/wp\/v2\/media\/313"}],"wp:attachment":[{"href":"https:\/\/companyregistrationonline.in\/blog\/wp-json\/wp\/v2\/media?parent=331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/companyregistrationonline.in\/blog\/wp-json\/wp\/v2\/categories?post=331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/companyregistrationonline.in\/blog\/wp-json\/wp\/v2\/tags?post=331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}