Process for Partnership Registration in Chennai


Process for Partnership Registration in Chennai

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A partnership firm is a business entity formed through the mutual agreement between two or more persons to carry on a trade, occupation, or profession. This agreement can be either oral or written, but a formal and signed partnership deed is required for registering the partnership firm.

In order to register a partnershipfirm, the partners need to submit a copy of the deed and other necessary documents to the registrar office along with the required fees and stamp duties. The registrar will verify the documents and then issue a certificate of registration to the partnership firm. Once the registration is complete, the firm can begin operating.

The partnership deed should include details such as the date of the establishment of the business, the name and address of the registered office, the capital contributions made by each partner, and the profit-sharing ratio. It should also state whether the partnership is for a fixed period or a project, and it must specify the procedures to be followed in the event of retirement, death, or dissolution of the firm.

The partnership deed should be signed by all the partners and attested by a notary public. It should also contain the addresses of all the partners and their passport sized photographs. Proof of residence is also required; this can be in the form of a water/ electricity bill or a bank statement. If the premises are rented, an NOC from the landlord is required as well. An application form has to be filed to the Registrar of Firms of the State in which the firm is situated along with prescribed fees. The registration application has to be signed and verified by all the partners or their agents. If any of the partners are foreign nationals, their passport copies should be notarized.

 


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