{"id":27884,"date":"2021-03-22T11:33:27","date_gmt":"2021-03-22T06:03:27","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=27884"},"modified":"2025-02-05T18:33:33","modified_gmt":"2025-02-05T13:03:33","slug":"registering-a-partnership-firm-in-delhi","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/registering-a-partnership-firm-in-delhi\/","title":{"rendered":"Registering a Partnership Firm in Delhi: A Step by Step Guide"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Registering your business is the primary step in helping it become a legally binding entity in India. Doing so not only imparts plenty of benefits but also ensures that you remain safeguarded against legal troubles later on. Furthermore, the most crucial step in registering a business understands which business structure to incorporate as.  <\/p>\n\n\n\n<p><a href=\"https:\/\/corpbiz.io\/partnership-firm-registration\" title=\"Partnership Firm Registration\"><strong>Partnership firm registration<\/strong><\/a> has garnered tremendous popularity in the past few years owing to the benefits it provides. Entrepreneurs looking to register a partnership firm in Delhi can use this blog as an instructional manual to complete the registration formalities.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/registering-a-partnership-firm-in-delhi\/#Understanding_a_Partnership_firm\" >Understanding a Partnership firm<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/registering-a-partnership-firm-in-delhi\/#What_is_the_Government_Fee_for_Registering_a_Partnership_Firm_in_Delhi\" >What is the Government Fee for Registering a Partnership Firm in Delhi?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/registering-a-partnership-firm-in-delhi\/#What_are_the_Documents_Required_for_Registering_Partnership_Firm_in_Delhi\" >What are the Documents Required for Registering Partnership Firm in Delhi?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/registering-a-partnership-firm-in-delhi\/#What_is_the_Procedure_for_Registering_Partnership_Firm_in_Delhi\" >What is the Procedure for Registering Partnership Firm in Delhi?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/registering-a-partnership-firm-in-delhi\/#What_if_a_Partnership_Firm_Opts_to_Stay_Unregistered\" >What if a Partnership Firm Opts to Stay Unregistered?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/registering-a-partnership-firm-in-delhi\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_a_Partnership_firm\"><\/span>Understanding a Partnership firm<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A Partnership firm refers to a\nbusiness form wherein the partners held equal rights on the share of profits\n&amp; losses in a predetermined manner. Moreover, partnership company\nregistration serves as a suitable alternative for small &amp; medium business\nenterprises. <\/p>\n\n\n\n<p>The partnership firm registration in Delhi is well-known owing to its ease of formation &amp; less compliance. Such entities fall under the regime of the <strong>Partnership Act, 1932<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/The_Indian_Partnership_Act,_1932\"><strong>[1]<\/strong><\/a><\/sup> &amp; its amendments. According to the Act, there are two forms of partnership firms that exist in India;&nbsp;<\/p>\n\n\n\n<ul>\n<li>Registered Partnerships&nbsp;<\/li>\n\n\n\n<li>Unregistered Partnerships<\/li>\n<\/ul>\n\n\n\n<p>Since the only criterion to\noperate as a Partnership firm is the execution of the partnership deed,\npartners have the option to stay away from it. <\/p>\n\n\n\n<p>However, this could have a drastic impact on the business as they do not possess certain rights, as mentioned in Section 69 of the Act. Staying unregistered often leads to a poor growth rate and inconsistent revenue. Therefore, opting for registration is more of a necessity than an option.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Government_Fee_for_Registering_a_Partnership_Firm_in_Delhi\"><\/span>What is the Government Fee for Registering a Partnership Firm in Delhi? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>While there is no legal charge\nto incorporate a partnership firm in Delhi, you will still require paying the\nprofessional fee as well as the stamp duty for the following:&nbsp;<\/p>\n\n\n\n<ol>\n<li>Affidavit on an Rs10\nstamp paper declaring consent of the partner to enter into the deed.&nbsp;<\/li>\n\n\n\n<li>Similarly, the court fee\nstamp worth Rs 3 on the application form.&nbsp;<\/li>\n\n\n\n<li>Stamp duty on the\npartnership deed, which may vary 1% of the capital &amp; INR 5000.<\/li>\n\n\n\n<li>Registration &amp;\ndocument fee for deed registration depends on prevailing state laws, but in\nmost scenarios, it cost around Rs 1000.&nbsp;<\/li>\n\n\n\n<li>Professional fees are\nlevied by the legal consultant for the drafting of your legal documents.&nbsp;<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Documents_Required_for_Registering_Partnership_Firm_in_Delhi\"><\/span>What are the Documents Required for Registering Partnership Firm in Delhi?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Duly filled form 1 enclosing INR 3 stamp<\/li>\n\n\n\n<li>Attested Identity as well as the Address proof of Partners such as PAN\n\/Driving License\/ Passport \/Aadhaar\/Voter\u2019s ID<\/li>\n\n\n\n<li>Original copy of the Partnership deed.&nbsp;<\/li>\n\n\n\n<li>Attested evidence of registered office address such as Lease Agreement\/\nSale Deed\/ \/ tax receipt\/ telephone bill\/ Latest electricity bill.<\/li>\n\n\n\n<li>No Objection Certificate from the owner on a non-judicial stamp paper\nworth Rs 10.<\/li>\n<\/ul>\n\n\n\n<p><strong>Any of the given persons must attest the entire documents:-&nbsp;<\/strong><\/p>\n\n\n\n<ul>\n<li>Magistrate 1st class<\/li>\n\n\n\n<li>Gazetted Officer<\/li>\n\n\n\n<li>Notary Public<\/li>\n\n\n\n<li>Advocate&nbsp;<\/li>\n\n\n\n<li>Chartered Accountant&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Procedure_for_Registering_Partnership_Firm_in_Delhi\"><\/span>What is the Procedure for Registering Partnership Firm in Delhi?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Deciding the Name of the firm is the first step of the registration process. The members are required to decide on a name that stays within the boundary of the law.<\/li>\n\n\n\n<li>Next, the members ought to work cohesively to get all the required documents attested &amp; notarized.<\/li>\n\n\n\n<li>Moreover, an important part of incorporating a partnership firm in Delhi is drafting &amp; notarizing the Partnership deed.<\/li>\n\n\n\n<li>A well-versed advocate will aid you in drafting a partnership deed that should enclose the given information:-<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/What-is-the-Procedure-for-Registering-Partnership-Firm-in-Delhi.png\" alt=\" Procedure for Registering Partnership Firm in Delhi\" class=\"wp-image-27914\" width=\"518\" height=\"518\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/What-is-the-Procedure-for-Registering-Partnership-Firm-in-Delhi.png 900w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/What-is-the-Procedure-for-Registering-Partnership-Firm-in-Delhi-150x150.png 150w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/What-is-the-Procedure-for-Registering-Partnership-Firm-in-Delhi-300x300.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/What-is-the-Procedure-for-Registering-Partnership-Firm-in-Delhi-768x768.png 768w\" sizes=\"(max-width: 518px) 100vw, 518px\" \/><\/figure><\/div>\n\n\n<ul>\n<li>The attested copy of the registered partnership deed should be printed on a non-judicial stamp paper. Moreover, the worth of this document should be equivalent to either 1% of the capital introduced or INR 5000, whichever is lower.&nbsp;<\/li>\n\n\n\n<li>Next, the partner should reach out to the concerned registrar with the documents mentioned above.<\/li>\n\n\n\n<li>Apply for registration.&nbsp;<\/li>\n\n\n\n<li>On submission of the requested documents and form, you will get an application ID for future reference.&nbsp;<\/li>\n\n\n\n<li>Lastly, after successful verification, you will get a Registration Certificate.<\/li>\n<\/ul>\n\n\n\n<p>Here is the address of the\nMagistrate serving in the jurisdiction of Delhi to register the partnership\ndeed;-<\/p>\n\n\n\n<p>1. M. Band Gali,&nbsp;Shastri\nNagar,&nbsp;<\/p>\n\n\n\n<p>New Delhi,&nbsp;Delhi 110031<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_if_a_Partnership_Firm_Opts_to_Stay_Unregistered\"><\/span>What if a Partnership Firm Opts to Stay Unregistered?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>A firm without a registration loses its right to sue\ndefaulters or another company in case of a dispute. Such companies do not have\nthe authorization to follow a legal procedure in the quest for justice against unlawful\nactivity.<\/li>\n\n\n\n<li>A firm that opts to stay unregistered does not have the\nright to sue any defaulter in any court.<\/li>\n\n\n\n<li>In the absence of a registration, the claim exceeding INR\n100 cannot be set off by another party henceforth; there is no relaxation in\nthis regard to the party. Such rights are only available to the registered\nfirms only.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is evident from the section\nabove; the staying unregistered is not beneficial for your company. If you\nintend to garner seamless growth for your business in years to come, then\nstaying within the legal regime is the only option that can drove you to\nsuccess.<\/p>\n\n\n\n<p>A registered Partnership Firm encounters less compliance as compared to unregistered businesses. Besides, it helps business owners to minimize the frequency of the financial scrutiny of the company. Don\u2019t hesitate to connect with one of our associates at CorpBiz\u2019s helpdesk if you need some professional guidance on the registration process for a&nbsp;Partnership Firm in Delhi.&nbsp;<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/procedure-reasons-for-change-in-partnership-deed\/\">Procedure &amp; Reasons for Change in Partnership Deed\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Registering your business is the primary step in helping it become a legally binding entity in India. Doing so not only imparts plenty of benefits but also ensures that you remain safeguarded against legal troubles later on. Furthermore, the most crucial step in registering a business understands which business structure to incorporate as. Partnership firm [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":27913,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[158],"tags":[1618],"acf":{"service_id":"5"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":9605,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/27884"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=27884"}],"version-history":[{"count":15,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/27884\/revisions"}],"predecessor-version":[{"id":68655,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/27884\/revisions\/68655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/27913"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=27884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=27884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=27884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}