Partner ship deed

giri gattupalli (Querist) 09 September 2014 This query is : Resolved
respected sir,
partner ship deed concluded on white paper and certified by notary in 2010 is a valid one or not . or it can be made a valid one by paying required stamp duty and penalty now .(as per negotiable instrument act it is possible )please discuss

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Devajyoti Barman (Expert) 09 September 2014
Partnership is valid even if not registered.

V R SHROFF (Expert) 09 September 2014
Partnership is legal and valid..

Rajendra K Goyal (Expert) 10 September 2014
Partnership even not registered is valid, Notarized deed is like unregistered. Registered partnership has certain extra benefits in comparison, so get it registered now.