A partnership deed registration is the princess through which partners authorise and have their deed notarized by a public notary. In this article, we will take a look at how to register a partnership deed in Maharashtra.
Due to their simplicity in the establishment and low compliance demands, partnership businesses have been fairly popular in recent years. Drafting and notarizing a partnership deed is one of the most crucial steps in creating a partnership company. This is because the partnership deed acts as a contract between partners, outlining the terms, conditions, and specifics of the partnership. The partnership deed is therefore the most crucial document necessary to form a partnership business.
Partnership Deed Registration: An Overview
A partnership deed is an agreement between two or more partners that defines all aspects of the firm. The deed includes information regarding the firm’s name and address, as well as the nature of the business. Furthermore, the deed specifies the capital contribution of each partner as well as the profit-sharing ratio that will be applied.
The deed also includes information on all partners and the procedure to be followed if a partner dies, retires, or if the firm chooses to add or remove a partner.
Documents Required for Partnership Registration in Maharashtra
- A true copy of the partnership deed, certified by either a CA or advocate
- Marathi translation of the partnership deed, certified by either a CA or advocate
- Moreover, blank stamp paper worth ₹ 10 in the firm’s name
- Authorization letter signed by all partners in case an advocate or CA is submitting the documents.
- Moreover, a covering letter with a court fee stamp worth ₹ 5
- Demand Draft worth ₹ 1600 in favor of the Registration of Firms of your Area. Make sure to include a partner’s name and phone number behind the DD. In case the payment was made online, a copy of the online payment receipt.
- Additionally, in case one of the partners is a company, then the company’s memorandum and articles of association.
- In case one of the partners is a Trust, then a copy of the trust deed.
- Further, in case the business requires additional licenses, copies of such trade licenses.
- Address/ownership proof of the registered place of business
Partnership Registration in Maharashtra
Initially, partnership registration in Maharashtra was a largely tedious process for which partners had to personally approach the Registrar of Firms. However, of late, the process has been transferred to an online portal to improve accessibility and ease of business.
Following online registration, the partners must submit physical copies of the above-mentioned documents to a Registrar’s office.
Now, let’s have a quick look at the process of partnership firm registration in Maharashtra;
- Visit the official website of the Registrar of Firms.
- Create a new user ID and profile for yourself.
- Choose between ‘Advocate’ and ‘Individual’.
- Next, provide the required details, such as name, address, contact details, and password.
- Next, use your activation link to log in and complete the process of registration.
- From the home page, go to the ‘Management tab and click on ‘Raise Form A.’
- Duly fill out the registration form and ensure that the Marathi column is filled appropriately.
- Next, scan and upload copies of all your supporting documents and click on ‘Submit.’
- Next make the required fee payment via any of the following options: Wallet, Net Banking, Credit/ Debit Card, or IMPS.
- Further, take a printout of the registration Form A on any Green Ledge paper.
- Notarise and sign the application form and upload it onto the website, along with details of the public notary who authorised it.
- Lastly, submit the attested form and the rest of the supporting documents to the office of the Registrar.
- The executive at the office will conduct a preliminary verification of your application.
- Once they give the go-ahead, submit all the documents to an officer to complete the process.
- Thereafter, you will receive an acknowledgment slip which you may use to check the status of your request.
Stamp Duty for Partnership Deed in Maharashtra
The stamp duty in Maharashtra and the selection of stamp paper for partnership firm registration depends on the fixed capital of the firm. The break-up is as follows –
- If there is no sharing of contribution and the amount does not exceed INR 50,000, a stamp duty of ₹ 500 is applicable
- If the fixed capital paid in cash is more than ₹ 50,000, stamp duty which is the lesser of 1% of the capital or ₹ 15,000 is applicable.
- When share contribution also includes property: Stamp duty is levied as per clause (a), (b), or (c), of Article 25 of the Maharashtra Stamp Act. Such stamp duty in Maharashtra depends on the market value of the property.
Address of Registrar Offices in Maharashtra
|Sl. No.||Area||Office Address|
|1||Aurangabad / Jalna / Hingoli / Beed Parbhani / Nanded / Osmanabad / Latur Nashik / Dhule / Jalgaon / Nandurbar||
Assistant Registrar of Firm, Aurangabad Office No 101,
In front of M.T.D.C. Holiday Camp, Station Road, Aurangabad 431 005
|2||Nagpur / Amravati / Buldhana / Akola Washim / Yavatmal / Chandrapur Gadchiroli / Gondia / Bhandara / Wardha||
Assistant Registrar of Firms,
Old Sachivalaya Building,
Civil Lines, Nagpur-440 001
|3||Pune / Satara / Sangli / Kolhapur / Solapur / Ahmednagar||
Assistant Registrar of Firms
Survey No. 47/30,
Saraswati Parvati Bhavan, 2nd Floor, Behind Lokesh Hotel,
Pune Satara Road, Pune-411 009
|4||Mumbai / Mumbai(Suburban) / Thane / Ratnagiri / Raigad / Sindhudurg||
Registrar of Firms
New Administrative Building, 6th Floor, Near Chetna College, Govt. Colony, Bandra (East), Mumbai- 400 051
How Can Vakilsearch Assist
Don’t worry if it all seems a little too confusing, as we’ve got you covered.
Once you connect with us, we will answer all your queries and share the partnership agreement’s first draft within 4 working days. We do up to two rounds of iterations, if necessary, at no extra cost.
Once the partnership deed is ready to go, we will apply for registration on your behalf and follow up with the authorities until you get your certificate of registration.
- Partnership Deed – Profit and Loss Sharing Ratio
- Interest on Capital Payable in a Partnership Deed
- Length of Partnership in a Partnership Deed