How To Register A Partnership Deed In Maharashtra

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Partnership Deed Registration

- 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.

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

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Stamp Duty for Partnership Deed in Maharashtra

- 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.

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