Last updated: May 24th, 2024 2:24 PM

Partnership Firm Registration Maharashtra

A partnership firm is formed when a group of people join together in the pursuit of business. All partnership firms are formed in India under the Indian Partnership Act, 1932. In this article, we look at the procedure for partnership firm registration in Maharashtra. Note: Get in touch with an IndiaFilings Business Advisor at sales@indiafilings.com for partnership firm registration in Maharashtra.

Elements of Partnership Firm

There are five essential elements of a partnership firm. They are:

• Contract for Partnership
• Membership limited to 20 people
• Pursuit of business
• Sharing of profits
• Mutual agency in a partnership

Partnership Deed

A partnership deed is a written agreement made between two or more partners who are willing to undertake business together. The deed consists of all the terms and conditions that are made in agreement with the partners. A partnership deed must contain the following:

• Capital contribution
• The ratio of the profit to be shared
• Details of partners
• Nature of business
• Working of the firm
• Dissolution or liquidation of the firm

Registration in Maharastra

Until recently, the registration process in the state was a manual process. The state government has now made the process online. The online process prompts the need for scanned documents, along with online application forms.

Required Documents

It is mandatory to possess the following documents while registering a partnership firm in Maharashtra:

• Certified copy of partnership deed
• Certified copy of Marathi Translation Partnership Deed
• Rs.10 blank stamp paper
• An authority letter signed by firm partners
• Covering letter with Rs.5 court fee stamp
• Demand Draft of Rs.1,600

Registration Process

The following steps are necessary to register a partnership firm in Maharashtra: Step 1: Log on to the website The applicant has to log on to the official website https://rof.mahaonline.gov.in/IndividualRegister/IndividualRegister New user Registration Step 2: Enter the Details The user has to enter all the details in the application form. Step 3: Enter the Captcha code After entering all the details, the user has to enter the Captcha code. Step 4: Click Register After entering the Captcha code correctly, the user has to click on Register. This registers the applicant.

Form A

Form A is an application that is used in the registration of partnership firms. The following are the steps to submit Form A: Step 1: Click Raise Form A In the 'Firm Management' tab, click on Raise Form A. Step 2: Enter the Details The applicant has to enter details like Partnership Name, Business Address, etc. in the application form. Step 3: Add Partners By clicking on 'Add Partners', the applicant can add partners. The applicant should enter the details of the partners. Step 4: Attach Documents The required documents have to be scanned and attached with the application form. Step 5: Submit the Form The completion of the online procedure takes place after clicking on the Submit tab.

Offline Procedure

The applicant must do the offline procedure after completing the online procedure. Step 1: Print out of the application The Form A application should be printed on Green Ledger paper. Step 2: Signing the application The applicant must sign the application form in front of the designated authority. Step 3: Submission of the form The applicant must submit the form with all the required documents to the designated office of the Registrar. Step 4: Verification The application, along with the documents has to be verified by the person sitting at the counter. Step 5: Submission of DD Once the verification process is over, the applicant receives an acknowledgement on the copy of the covering letter and the authority letter.

Registrar of Firms Contact Details

The Registrar of Firms is responsible for partnership firm registration in Maharashtra. The office of Registrar of Firms is below: Registration of Firms Maharashtra State, Mumbai New Administrative Building 6th floor, Near Chetna College Government Colony Labour Court, Near Babasaheb Ambedkar Udyan, Mumbai- 400051. Phone: 26551149/26559881.

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