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Overview

Partnership firm registration in Chandigarh involves submitting the required documents and information to the registrar of firms and obtaining a certificate of registration. This certificate serves as proof of the legality of the partnership firm and allows the firm to conduct business operations in Chandigarh. Vakilsearch can help in completing the process of registration quickly. Our team will draft the partnership deed and register it in just three days and complete all the formalities in time.

Did You Know?
The allocation for the fiscal year 2023–24 has increased by 13% from the budget estimates of the previous fiscal, which is a huge win for the UT Administration. In the union budget Finance minister Nirmala Sitharaman presented a sum of ₹6,087.10 crore for Chandigarh in the fiscal year 2023–2024.

Eligibility Criteria

  • The number of partners in the partnership firm registration in India shall be at least two
  • The partners must be of legal age
  • The partners should be in good mental health
  • The partners must have consent to divide profits and losses
  • The partnership's name and its line of business must have been decided upon by the partners.

Benefits

  • Legality: A registered partnership firm is a legally recognised entity and its partners are protected under the law
  • Credibility: A registered partnership firm is more credible and trustworthy compared to an unregistered firm
  • Access to Resources: A registered partnership firm may have better access to resources such as loans and investments
  • Easier Business Operations: A registered partnership firm can smoothly conduct its business operations, including hiring employees and entering into contracts.

Online

The process of opening a partnership firm in Odisha is very easy. It involves registering your partnership firm under the registration of firms under the Government. Vakilsearch can complete the registration following these three steps:

  • Step 1: Consult Our Experts

    Our team of online company registration experts can clarify all your queries regarding the process. You can provide all the required documents directly to our experts.

  • Step 2: We Will Take Care of Documentation

    • Our team will draft the partnership deed in 3 days
    • Apply for Permanent Account Number (PAN)
    • We will get the Tax Detection and Collection Account Number (TAN)
    • We can also complete GST registration online.
  • Step 3: Partnership Firm Registration

    Our team will file for partnership firm registration in Madhya Pradesh. After receiving all the documentation, our experts will register your firm in Madhya Pradesh by filing the required documents. Post registration you will be provided with the incorporation certificate.

Offline

  • Step 1: Fill out the application form completely, then submit it to the state's registrar of firms together with the required costs
  • Step 2: Attach the appropriate documentation to the form, and all partners or their representatives will verify it
  • Step 3: The company will be registered if the registrar is pleased with the registration application and accompanying documentation.

Documents Required

  • PAN Card of all the partners
  • Proof of address for all the partners (Aadhaar Card, Voter ID, etc.)
  • Proof of business address
  • Partnership deed
  • NOC
  • Bank details
  • Cancelled cheque

Why Vakilsearch

Partnership firm registration in Chandigarh is an important step for starting a business. It provides the partners with several benefits such as shared liability, ease of formation, flexibility in management, and more. To register a partnership firm one needs to fulfil the eligibility criteria and provide the required documents. Our team of experts can resolve all your queries and kick start the registration process without much hassle. We will take care of all the documentation.

FAQ's on Partnership Firm Registration in Chandigarh

Partnership firm registration is important as it provides several benefits to the partners and the firm, such as legal recognition, protection of interests, access to credit, and protection of partners from unlimited liability.
Each partner is personally and jointly accountable for any actions taken by the company during the course of business. This means that all partners will be held accountable if a loss or injury to a third party occurs during the course of business, even if the loss was caused by one of the partners.
A partnership's certificate of incorporation may be revoked in a specific way; this is frequently referred to as dissolution. When all partners, or all partners with the exception of one, are found to be insolvent, or if the business is engaging in illegal activity such as the trade of drugs or other illegal goods, corporate malpractice, or doing business with nations that may cause harm, a dissolution may be triggered automatically.
The length of time it takes to register a partnership firm varies on a number of variables, including how complete the paperwork is, how quickly the registrar of firms processes applications, and how complicated the registration procedure is. The registration of a partnership firm typically requires 15 to 20 working days.

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Please note that we are a facilitating platform enabling access to reliable professionals. We are not a law firm and do not provide legal services ourselves. The information on this website is for the purpose of knowledge only and should not be relied upon as legal advice or opinion.