partnership deed registration Table of Contents Toggle partnership deed registrationStep 1: Drafting the Partnership DeedStep 2: Stamp Duty PaymentStep 3: NotarizationStep 4: Submission to Registrar of FirmsStep 5: Obtaining Certificate of RegistrationImportant Points: Registering a partnership deed is a crucial step in formalizing a partnership and establishing the legal framework of the business. The registration process involves creating a partnership deed, stamping it, and submitting it to the appropriate authority for registration. Here is a step-by-step guide on how to register a partnership deed: Step 1: Drafting the Partnership Deed 1.1 Partnership Deed Contents: Include details such as the name and address of the firm, names and addresses of partners, profit-sharing ratio, capital contribution, and other terms and conditions of the partnership. 1.2 Legal Assistance: It’s advisable to seek legal assistance or consult a professional to ensure that the partnership deed complies with legal requirements and covers all essential aspects. Step 2: Stamp Duty Payment 2.1 Determine Stamp Duty: The stamp duty payable on the partnership deed is determined based on the capital contribution mentioned in the deed. 2.2 Purchase Stamp Paper: Purchase non-judicial stamp paper of the required value. The stamp paper should be in the name of one of the partners. 2.3 Affix Stamp Duty: Affix the stamp paper to the partnership deed and ensure that it is signed across by the partners. Step 3: Notarization 3.1 Notarize the Deed: Get the partnership deed notarized by a notary public. This step adds an extra layer of authentication to the document. Step 4: Submission to Registrar of Firms 4.1 Visit the Registrar’s Office: Visit the local Registrar of Firms office or the designated authority responsible for partnership registration. 4.2 Submit Documents: Submit the notarized partnership deed along with the prescribed application form. Include any supporting documents required by the registrar. 4.3 Pay Registration Fees: Pay the required registration fees, which vary by state. 4.4 Verification Process: The registrar will verify the documents and information provided in the partnership deed. Step 5: Obtaining Certificate of Registration 5.1 Certificate Issuance: Upon successful verification, the Registrar of Firms issues a Certificate of Registration. 5.2 Registered Firm Name: The registered name of the partnership is mentioned in the certificate. Important Points: The partnership deed and the application for registration must be submitted within three months of starting the partnership business. The registration of a partnership deed is not mandatory, but it provides legal recognition to the partnership and helps in resolving disputes. The entire process may vary based on the rules and regulations of the state in which the partnership is registered. It’s recommended to consult with a legal professional or chartered accountant to ensure compliance with all legal requirements during the partnership deed registration process.