Partnership business are the most popular type of business constitution that have been seen in Indian scenario. Every Partnership business / firms formed in India is under the control of "The Indian Partnership Act, 1932. Every partnership business must have two or more partners, we can't create a Partnership firm with single partner. The act describe the Partnership and partner as
"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 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"
Characteristics of Partnership Firm
The minimum number of partners in a Partnership business in 2 and maximum number is 100 (previously it is 50). A Partnership firm has no separate legal entity from its partners. So, each partner has unlimited liability and partners personal assets also have legal liability against the Partnership debts and liabilities. All partners in the firm have entitled to take part of the management unless otherwise stated in the Partnership Deed. In Partnership business, a partner cannot transfer his interest without the consent of other Partners.
Partnership Firm Registration in Kerala
In Kerala, Partnership firms are register under The Registration Department of Kerala. For firms and society registration, the department introduced new portal for its ease of doing business and registration in Kerala is " Egroops " Egroops is the official website for online Registration of Societies and Partnership Firms in Kerala. Egroops is an online software system developed by the Centre for Development of Imaging Technology (C-DIT) for the effective registration of Societies to the public. The Registration fees in Egroops is Rs. 500.
In Egroops we can do :
New firm Registration
New Society Registration
Firm Registration Status
Society Registration Status
We can also update all the changes in the Partnership business like change in major clauses of Partnership deed, Change in Partners, Change in firm and Partner's address etc.
Procedure in Partnership Firm Registration
Partnership Firm Name Identification
Partnership Deed Preparation (As per Kerala stamp duty and Registration fees Partnership Instrument of Partnership deed at Rs. 5,000)
Partnership Firm Registration in Egroops
How Partnership Firm Register in Egroops ?
Step 1 : Create a Login in Egroops by any one of the Partner
Step 2 : After login Click on " Firm Registration" and fill the details of New Firm and Partner details.
Firm Details to Enter :
Name of Firm
Duration of Firm
Principal Place of Business
Building No. & Address of Business
Email id & Phone Number
No. of Partners
Partner Details to Enter :
Partner Type
Name of Partner
Age & Gender of Partner
Name of guardian
Relationship with guardian
Date of Joining
Address & Phone Number
Upload Photo, Id Proof & Specimen Signature of Partner
Step 3 : Make the Payment of Rs. 500/-
Mode of Payment : Direct(online) or Money Order
(On receiving payment, you will receive a confirmation message and reference number for future reference, the same will send to the registered mobile number and email ID )
Step 4 : Attestation of application with the registered Attesting officer.
Step 5 : Review of Application by the Concerned Authority and Issue the "Acknowledgement of Registration of Firm".
To get register your Partnership Firm at low cost in Kerala.
PEAK Business Consultancy Services
+ 91 9946216138, 9744460070
www.peakbcs.com
PEAK Business Consultancy is Professional consultants specialized in the fields of accounts, tax, labour, business registrations and license's. PEAK bcs started operation in December 2017 and located in Edapally, Ernakulam, Kerala. We assure 100 % client Satisfaction, Professionalism and Quality in all our services. Our Service's includes
Company Incorporation
Partnership & Society Registrations
Trade Mark Registrations
Shop & Establishment License
GST Registration & Monthly Returns
ESI & EPF Registrations and Monthly Returns
TDS Return Filing
Income Tax Return Filing
Accounting and Internal Audits
Detailed Project Report Preparation (DPR)
MSME / SSI Registrations
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