Firm registration

CA Vikalp Agrawal (Querist) 07 January 2014 This query is : Resolved
Please let me know stamp paper of how much cost ie required for prepairing partnership deed for firm registration and what is the procedure of its registration under madhya pradesh rules.........thanking you

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R.K Nanda (Expert) 07 January 2014
consult local lawyer.

Rajendra K Goyal (Expert) 07 January 2014
Stamp fee differ from State to State. Contact local lawyer for information.

Guest (Expert) 07 January 2014
You could also confirm with Registrar Office.

Advocate. Arunagiri (Expert) 07 January 2014
Partnership deed can be prepared in Rs.100 stamp paper.

The registration charges will differ in each and every state.

It is not mandatory to register the partnership deed.

Devajyoti Barman (Expert) 07 January 2014
agree with experts.

Anirudh (Expert) 07 January 2014
Please approach the Registrar of Firms in your area. Normally, the SDM will be the Registrar of Firms.

Ascertain from the Registrar of Firms as to the value of the Stamp paper on which the Partnership Deed has to be got prepared. (As told by the Experts here, the stamp paper value differs from State to State. Therefore you have to approach the Registrar of Firms for this purpose.)

After getting the Partnership Deed executed on the stamp paper, you have to get it notorised. Then approach the Registrar of Firms (not Sub-Registrar office) for registration. After registration, the Registrar of Firms will issue you ANNEXURE-A showing the particulars of Registration. This you should preserve and keep. In case of any change in the constitution or change in the address of the Firm, you have to get it modified by approaching the Registrar of Firms.

Though there is no compulsion that a Partnership Firm should be registered, there are legal consequences in case the Firm is not registered. For instance, in case the Firm is not Registered then
(i) the partners in the unregistered Firm cannot sue to enforce a right arising from the partnership agreement; (ii) cannot sue any third party.

malipeddi jaggarao (Expert) 08 January 2014
Well explained by expert Mr.Anirudh. No more to add.

Advocate. Arunagiri (Expert) 08 January 2014
Elaborately explained by Mr.Anirudh, no need to add more.

T. Kalaiselvan, Advocate (Expert) 12 January 2014
I agree with expert Anirudh's opinion

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