
    <h2 class="">Eligibility and Requirements to Register a Partnership Firm</h2>

    <p>To register a partnership firm, certain legal criteria and documentation must be met, ensuring the business is recognised under the law. This process involves choosing a partnership name, drafting an agreement, and fulfilling the requirements set by relevant authorities.</p>

            <h4>Minimum Partners Required</h4>
            <ul>
                    <li>A partnership firm must have at least two persons.</li>
                    <li>It comes into existence when two or more persons, either by oral or written agreement, come together to form a business and divide profits proportionally as mutually agreed.</li>
            </ul>
            <h4>Documents Required for Partnership Firm Registration</h4>
            <ul>
                    <li>Application for Registration of Partnership (Form 1)</li>
                    <li>Registered photocopy of Partnership Deed</li>
                    <li>Copy of an affidavit confirming all details mentioned in the partnership deed and documents are correct</li>
                    <li>PAN card and address proof of the partners</li>
                    <li>Ownership documents or rental/lease agreement for the principal place of business</li>
            </ul>
            <h4>Partnership Deed</h4>
            <ul>
                    <li>An agreement outlining terms and conditions, profit sharing, responsibilities, and rules among partners.</li>
                    <li>Provides legal importance, helps with PAN eligibility, opening bank accounts, and getting GST/FSSAI licenses.</li>
            </ul>
            <h4>Importance of Partnership Deed</h4>
            <ul>
                    <li>Written deed reduces conflicts and clarifies terms among partners.</li>
                    <li>Defines responsibilities, profit/loss ratio, and contribution of each partner.</li>
                    <li>Promotes a clear understanding between business owners.</li>
            </ul>
            <h4>Notarisation and Stamp Duty for Partnership Deed</h4>
            <ul>
                    <li>Stamp duty is mandated under the Indian Stamp Act, 1899 (Section 46).</li>
                    <li>Deed must be notarised on non-judicial stamp paper with a value of more than &#x20B9;200.</li>
                    <li>Delhi: &#x20B9;200, Mumbai: &#x20B9;500, Kolkata: &#x20B9;500, Gujarat: 1% of capital (max &#x20B9;10,000).</li>
                    <li>Rates vary by state; confirm locally before purchase of stamp paper.</li>
            </ul>