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How to Register a Partnership in Delhi?

A partnership firm is a business entity existing under the Partnership Act, 1932. It is one of the oldest business entities in India. Therefore, it still holds value in the eyes of all types of entrepreneurs – both old and new. In this article, we explain the process of partnership registration in the national capital region – Delhi.

Delhi is not just a national capital; it is also the economic center of India. It is house to many business entities and has the attention of many entrepreneurs. And the first choice of business infrastructure of these budding entrepreneurial minds is a partnership firm.

What is a partnership firm? It is the oldest business infrastructure in India in which two or more partners come together to do business and earn profits. The partnership act, 1932 governs this business entity. It is an old regulation that hasn’t brought any amendments during recent years. Therefore, the process to register a partnership firm is still offline.

Thus, your first step is to collect and draft the documents you need to register a partnership.

Documents required for Partnership Firm Registration

The following are the documents you need for establishing a partnership in India;

ID proof of the partners: You can provide copies of any of the following are the Identity proofs:

  • PAN card
  • Aadhar card
  • Driving License
  • Ration Card

Address proof of the partners: You can provide copies of any of the following as the residential proof:

  • Utility Bills
  • Bank Statement
  • Passport

Partnership Deed: The partnership deed is the most important document of your business entity. It specifies:

  • Duties of the partners
  • Decisions partners of the partners
  • Dividends of partners
  • Duration of the partnership (If your business entity is temporary)
  • Steps to take in case there is a dispute among partners
  • Rules to follow when removing a partner or adding a new one

Related Services: Sole Proprietorship Registration

After you obtain the registration certificate for your firm, you need to acquire the following documents:

  • GST registration number: Get a GST registration number of the partnership firm
  • Current bank account: Setup a current bank account of your partnership firm

Process of partnership firm registration in Delhi

To establish a partnership firm in Delhi, you need to take the steps below:

  • Go to the website of the Department of Industries
  • Download and take a printout of the Registration Form of Partnership Firm
  • Fill it and attach it with the documents
  • Send the attachments to the office of the Registrar of Partnership

The office of the Department of Industries located in Delhi will assess your application. If it aligns with the requirements of a partnership firm, you will obtain the final registration certificate.

Related Content: How to easily set up a Limited Liability Partnership in India?

Conclusion

Registering a partnership firm isn’t a cakewalk. The documents that you need aren’t easy to furnish. And even after that, you will need to set aside a lot of time to submit the application to the Registrar’s office. Therefore, you must leave the matter to the experts. Contact Registrationwala to establish your partnership firm with each.

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