Partnership

Partnership Firm Registration

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 required for Partnership Registration

The documents required for partnership formation (whether registered or not) are –

Partnership Deed

Although partnership deed can be oral, generally a partnership deed is written to avoid any future conflict. Partnership deed is created on a judicial stamp paper obtained from the respective State Registrar Office and has to be signed by all the partners. It contains rights and duties of the firm and the partners.

Documents of Firm

PAN card of firm – Partners need to apply for PAN of the firm. Form 49A has to be filed to apply for a PAN. It should be filled online by visiting

 Online PAN application

It can be filed online if the authorised partner signs the application using a digital signature certificate. Else, the application and requisite documents have to be sent to the nearest PAN processing centres available across the country.

Address Proof of firm – If the registered office place is rented, rent agreement and one utility bill (electricity bill, water bill, property tax bill, gas receipt etc.) have to be submitted. Also, NOC from landlord will be submitted.

If the registered office place is own, utility bill has to be submitted mentioning the name of the owner. Also, a NOC from the owner (owner as mentioned in utility bill) has to be submitted.

Additional Documents for Registration

The partners need to submit partnership deed, ID and address proofs of the firm as well as the partners to the Registrar of Firms. With it, an affidavit is also required to be submitted certifying that all the details mentioned in deed and documents are correct.

GST Registration

For obtaining a GST registration, a firm needs to submit PAN number, address proof and identity & address proofs of the partners. Authorised signatory will sign the application either using a digital signature certificate or E-Aadhar verification.

Current Bank Account

For opening a current bank account, a firm needs to submit the following documents:

• Partnership deed
• Partnership firm PAN card
• Address Proof of the partnership firm
• Identity proofs of all the partners
• Partnership registration certificate (if partnership has been registered)
• Any registration document issued by central or state government (normally GST certificate is submitted)
• Copy of electricity bill, telephone bill or water bill (not more than 3 months old)
• Authorisation letter on the letterhead of the firm authorising a partner as authorised signatory for the bank account.