What is the Registration of a partnership?

A partnership is a popular business organization in India where two or more individuals come together to conduct business. While it is not mandatory to register a partnership, registering the firm provides various benefits and legal protections. This article will discuss the meaning, benefits, and procedure of partnership registration in India.

Registration of Partnership

Registration of partnership is a process where a partnership firm obtains a registration certificate from the Registrar of Firms. The Indian Partnership Act of 1932 governs it. This type of firm is not considered a separate legal entity from its partners; therefore, the registration certificate serves as proof of its existence. The Ministry of Corporate Affairs (MCA) governs the Registration of partnership firms in India.

Benefits of Registration

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