How much does it cost to register a partnership firm in India?

What is a Partnership Firm in India?

The Indian Partnership Act, 1932 governs and regulates partnership firms in India.

A Firm is called a partnership firm when two or more persons come together into partnership with one another to carry on a business. The individual who comes together are called partners and collectively called partnership firm, and the name under which their business is carried on is called the “Firm Name”

How much does it Cost to Register a Partnership Firm in India?

The registration cost of a Partnership Firm in India varies from State to State according to their stamp duty rules. Here’s a list of the total cost of registration of partnership deed for each state depending on the capital invested by the Partners.

State	Cost of Stamp Duty	Less Than 1 Lakh	Rs. 1 Lakh to Rs. 5 Lakh	Rs. 5 Lakh To Rs. 10 Lakh	Above Rs. 10 Lakh
Andhra Pradesh	100 for capital 5000, Rs. 500 for other cases	500	500	500	500
Arunachal Pradesh	Capital is up to Rs. 1000 – Rs. 30 Other cases Rs. 100	100	100	100	100
Assam	Capital is upto Rs. 1000 – Then Rs. 20 Above Rs. 1000 – Rs. 100	100	100	100	100
Bihar	If capital disclosed then 2.5% Maximum – Rs. 10,000 If Capital Not Disclosed -Rs. 10,000	2500	5000	5000	5000
Chandigarh	Rs. 500	500	500	500	500
Chhattisgarh	Capital is upto 50K Then Rs. 1,000 Capital more than 50K Then 2% Maximum = Rs. 5000	2000	2000-5000	5000	5000
Delhi	1% of Capital Min -Rs. 200 Max -Rs. 5000	1000	2000 – 5000	5000	5000
Goa	Capital is less than 50K Then Rs. 500 Every addition cap of 50K – Add Rs. 500 Maximum – Rs. 5000	150	150	150	150
Gujarat	Rs. 1 for every 100 capital or part thereof Max- Rs. 10,000	1000	2000-5000	6000-10000	10000
Haryana	Rs. 1000	1000	1000	1000	1000
Himachal Pradesh	Rs. 100	100	100	100	100
Jammu & Kashmir Jammu	Capital upto 50K – Rs. 1000 Capital Exceeding 50K – 2%	100	100	100	100
Jharkhand	If capital disclosed then 2.5% Maximum – Rs. 10,000 If Capital Not Disclosed -Rs. 10,000	2500	5000	5000	5000
Karnataka	Rs. 2000	1000	1000	1000	2000
Kerala	Flat Rs. 5000 at all Capital Levels	5000	5000	5000	5000
Madhya Pradesh	Minimum Rs. 2000 Maximum Rs. 10,000 Standard Rate @ 2% of Capital	2000	2000-5000	5000	5000
Maharashtra	Capital upto 50000 – Rs. 500 Exceeding 50,000 – 1% (Max 15,000)	1000	1% of Capital	1% of Capital	1% of Capital
Manipur	Rs. 100	100	100	100	100
Meghalaya	Rs. 100	100	100	100	100
Mizoram	Rs. 100	100	100	100	100
Nagaland	Rs. 100	100	100	100	100
Orissa	Capital is upto Rs. 500 – Rs. 50 Other Cases – Rs.2000	200	200	200	200
Punjab	Capital is upto Rs. 500 – Rs. 4 Other Cases – Rs.1000	1000	1000	1000	1000
Rajasthan	For Every Rs. 50000 – Rs. 2000/- Maximum Rs. 10,000	500	500	500	500
Sikkim	Rs. 100	100	100	100	100
Tamil Nadu	Capital upto Rs. 500 – Rs. 50/- In any other case – Rs. 3000/-	300	300	300	300
Telangana	Rs. 100/- for capital upto Rs. 5000/- Rs. 300/- In all other cases	50	100	100	200
Tripura	Rs. 100	100	100	100	100
Uttar Pradesh	Rs. 750	750	750	750	750
Uttarakhand	Rs. 750	750	750	750	750
West Bengal	Rs. 150	150	150	150	150

How to register a Partnership Firm in India?

Step 1: Register for Partnership Firm with eSahayak

Step 2: Registration under Income Tax and Issuance of PAN

Step 3: GST registration and Bank Account Opening

Step 4: Selection of a Unique Name of the Partnership Firm

Step 5: Getting the Certificate of Registration

What documents are required to register a Partnership Firm In India?

The application for the Partnership registration form must include the prescribed documents like the Identity proof, address proof, a real copy of the Partnership deed entered into, and the proof of the principal place of business.

The following documents can be submitted as identity proof:

• PAN card
• Passport
• Driver License
• Aadhar Card
• Voters ID

Following Documents can be used as the proof of business premise:

• Sale Deed in case if the Partner owns the place
• Rental agreement copy if the office is on rental basis
• Copy of the latest electricity bill or the tax bill receipt

Checklist for Partnership Firm Registration

• Draft a partnership deed by clicking here
• Name and address of the firm and all the partners
• Deciding on the Nature of business
• Capital to be contributed by each partner
• Date of starting of Business capital to be contributed by each partner
• Profit/ Loss Sharing ratio among each partner

Important Clauses to be added in Registration of a Partnership Deed?

1. Profit-Sharing Clause
2. Capital Contribution Clause
3. Dispute Resolution Clause
4. Retirement/termination clause