Partnership Firm Registration

Get your Partnership Firm Registered by Metacorp. Minimum fee - Minimum Time. Regular update. Guaranteed Delivery of Partnership Firm Registration Certificate.
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Partnership Firm Registration

A partnership is a legal arrangement where two or more individuals agree to combine their financial resources and managerial expertise to run a business and share profits in an agreed ratio.

As per section 4 of the Partnership Act, 1932 “Partnership” is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have entered into a partnership with one another are called individually, “partners” and collectively “a firm”, and the name under which their business is carried on is called the “firm-name”.

Types of Partnership : 

  • General Partnerships
  • Limited Liability Partnerships

Characteristics of General Partnerships

  • The partnership not created by status- the relationship of partnership derives from the contract and not from status
  • The maximum number of members cannot be more than one hundred (100)
  • Property of the firm is to be considered as the property of an individual
  • Creditors of a partnership are creditors of individual partners
  • A partner can not contract with his firm
  • A partner cannot transfer his share and make the transferee a member of the firm without the consent of the other partners
  • Unlimited liability
  • The death or insolvency of a partner dissolves the firm unless otherwise provided

Tags : Partnership Firm Registration

Frequently Asked Questions:

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End to End Certification Services – How we do it
01
Enquiry by the Applicant
Once any prospect makes a query for any service, a dedicated service manager is allotted to every query.This ensures personalized and focused service for each prospect.
02
Document Collection
We collect required documents from the customer, prepare other declarations/affidavits and submit online/offline application along with Govt. fee submission
03
Certificate issuance
Once the Govt. fee is submitted, we continuously monitor it and provide regular updates to the applicant. We also submit any document deficiency raised by the Authority.
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Very experienced in filing, monitoring & issuance of CTE, CTO, Waste Management Authorization from State Pollution Control Boards

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