Partnership Firm Registration in Delhi

Overview

Partnership firm registration in Delhi is a legal procedure that requires the filing of the necessary documents and information with the Registrar of Firms in Delhi to obtain a certificate of registration. The registration process establishes the partnership firm as a separate legal entity and helps to protect the rights and interests of all partners. A registered partnership firm has the right to do business, sign contracts, and file or defend legal actions under its own name.

Eligibility Criteria

• A partnership firm must have at least two partners
• The partners must be of 18 years of age or above
• At least one partner must be an Indian national
• The partnership firm must engage in a lawful business activity
• The proposed name of the firm must be in accordance with the business activities.

Benefits

• Legal Recognition: A registered partnership firm is recognised as a separate legal entity and can carry out business activities, enter into contracts, and sue or be sued in its own name
• Liability Protection: The personal assets of partners are protected in a registered partnership firm, as partners are only liable to the extent of their agreed contribution to the firm
• Easy to Set Up: In a partnership firm, the partners are only liable for the firm's debts to the extent of their investment, which provides a degree of protection to personal assets
• Easy to dissolve: A partnership firm is relatively easy to set up and does not require complex compliance procedures.
• Cost-Effective: Setting up a partnership firm is cost-effective compared to other business structures such as a private limited company.

Online

Online partnership firm registration in Delhi can be done easily through Vakilsearch in just few easy steps as discussed below:

• Step 1: Your registration process will be explained to you in detail by our advisor,
• Step 2: Submit all the paperwork online
• Step 3: Following the completion of the verification, a partnership document is drafted and delivered to the partners for signature
• Step 4: The documents must be signed by the partners on official letterhead, and a copy of that signature must be uploaded to our platforms
• Step 5: The partnership agreement is subsequently registered with the relevant Registrar of Firms, and the partner is given a certificate of registration.

Offline

• Step 1: Obtain a Permanent Account Number (PAN) for the partnership firm
• Step 2: Apply for a name availability certificate from the Registrar of Firms
• Step 3: Draft a partnership deed specifying the terms and conditions of the partnership
• Step 4: File the partnership deed along with the necessary documents with the Registrar of Firms.

Documents Required

• PAN card of all partners
• Address proof of all partners
• ID proof of all partners
• Name availability certificate
• Partnership deed online
• Affidavit on non-judicial stamp paper
• Rent agreement.

Why Vakilsearch

The registrar of firms will verify the information and issue a certificate of registration if all requirements are met. The process can take a few weeks to several months, depending on the complexity of the case and the number of applications being processed. It is recommended to seek assistance from our in-house CA or a legal expert to ensure a smooth and error-free registration process. Book a call right away!