Partnership Firm Registration in Coimbatore
- Minimum 2 Person Required as Partners.
- Partners share responsibilities and duties of the business.
- Minimum capital can be brought into the business.
- Partners shares profit & loses
Partnership a firm registration
Partnership firms in India are governed by the Indian Partnership Act, 1932. While it is not compulsory to register your partnership firm, but it is advisable to do so for the following reasons. A partner cannot file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act.A dispute arising from a contract cannot be enforced in any Court by or on behalf of your firm against any third party.
Application for partnership registration should include the following information:
Ø Name of your firm
Ø Name of the place where business is carried on
Ø Names of any other place where business is carried on
Ø Date of partners joining the firm
Ø Full name and permanent address of partners.
Ø Duration of the firm
• Every partner needs to verify and sign the application
Ø Application for Registration in the prescribed Form
Ø Duly filled Specimen of Affidavit
Ø Certified copy of the Partnership deed
Ø Proof of ownership of the place of business or the rental/lease agreement thereof
Once the Registrar of Firms is satisfied that the application procedure has been duly complied with, he shall record an entry of the statement in the Register of Firms and issue a Certificate of Registration.
