Partnership-Firm-Registration-in-Madhya-Pradesh

Partnership Firm Registration in Madhya Pradesh

Partnership Firm Registration in Madhya Pradesh

Partnership firm registration is mandatory for any association of people join together for a business purpose to share their profits. In India (Madhya Pradesh) all partnership firm is regulated by the Indian Partnership Act, 1932 and as per this provisions, partnership firm must be registered. In this article, we look at the procedure for registering a partnership firm in Madhya Pradesh. If you need any assistance for registering a partnership firm registration in  Madhya Pradesh, get in touch with an India filings Advisor at [email protected]

Benefits of Registering a Partnership Firm

The benefits of registering a partnership firm under section 69 of the Indian Partnership Act, are listed below:

  • Power to file a case in a court by a partner against the firm or other co-partners.
  • Power to file a case in court by the firm against third parties.
  • Power to claim setoff.

Partnership Deed

A Partnership Deed is an agreement in which the respective terms and conditions of the members of a partnership are stated. The Partnership deed consists of the following characteristics as below:

  • Both Partners and Firm name as well as address.
  • Business nature to be carried on by partners
  • Date of business commencement
  • The term of Partnership (whether for a fixed period/project)
  • Capital contribution from each partner
  • Profit-sharing ratio among the partners

Documents Required

Submit the following documents along with the application form:

  • Partnership deed
  • Affidavit of acknowledgement of all the details mentioned and Attested by Notary
  • Office Address proof
  • Address proof of all the partner
  • ID Proofs of Partners
  • Passport size photographs of all partners
  • Rent agreement from Owner of the house (optional)

Online Partnership Firm Registration Procedure

To register for partnership firm in Madhya Pradesh, follow the steps mentioned here:

Step 1: The citizen must visit the official web portal of the Madhya Pradesh Government.

Step 2: Click on “Citizen Service” menu and select “Application” option on the home page.

Home-Page-Partnership-Firm-Registration-in-Madhya-Pradesh
Home-Page-Partnership-Firm-Registration-in-Madhya-Pradesh

Step 3: On the next page, the applicant needs to click on “Firms And Society” icon from the list of services displayed.

Partnership-Firm-Registration-in-Madhya-Pradesh-Firms-&-Society
Partnership-Firm-Registration-in-Madhya-Pradesh-Firms-&-Society

Step 4: Then the applicant has to create “New User Login” for registration.

Partnership-Firm-Registration-in-Madhya-Pradesh-Login-Details
Partnership-Firm-Registration-in-Madhya-Pradesh-Login-Details

Step 5: Click on “New User” button, and then the form will open up on the screen.

Step 6: The registration form will open up; the applicant has to fill the required details in the form and click “Register”.

Partnership-Firm-Registration-in-Madhya-Pradesh-Registration-Form
Partnership-Firm-Registration-in-Madhya-Pradesh-Registration-Form

Step 7: Click on “Apply for firm registration” option.

Partnership-Firm-Registration-in-Madhya-Pradesh-Apply-Online
Partnership-Firm-Registration-in-Madhya-Pradesh-Apply-Online

Step 8: The application form will open up; the applicant has to fill the required details like firm details, partner details, personal details in the form.

Partnership-Firm-Registration-in-Madhya-Pradesh-Provide-Details
Partnership-Firm-Registration-in-Madhya-Pradesh-Provide-Details

Step 9: Now, attach the scanned documents along with the application form.

Partnership-Firm-Registration-in-Madhya-Pradesh-Upload-Document
Partnership-Firm-Registration-in-Madhya-Pradesh-Upload-Document

Step 10: Click on “Submit” to save your details after filing the form.

Step 11: Upon submission, the application number will be generated for further reference.

Partnership-Firm-Registration-in-Madhya-Pradesh-Submit-Application
Partnership-Firm-Registration-in-Madhya-Pradesh-Submit-Application

Generation of Challan

Step 12: Click on “Proceed to pay for registration fee” for the payment of fees.

Step 13: The user needs to select “Firms and Societies” from the list of the department.

Partnership-Firm-Registration-in-Madhya-Pradesh-Generate-Challan
Partnership-Firm-Registration-in-Madhya-Pradesh-Generate-Challan

Step 14: Fill the required details and submit the application form.

Partnership-Firm-Registration-in-Madhya-Pradesh-Submit-E-Form
Partnership-Firm-Registration-in-Madhya-Pradesh-Submit-E-Form

Step 15: On submission, the user will be redirected to the banking website.

Step 16: Then, one needs to fill the required details and pay their amount at the selected bank’s payment portal.

Partnership-Firm-Registration-in-Madhya-Pradesh-Login-Details
Partnership-Firm-Registration-in-Madhya-Pradesh-Login-Details

Step 17: Now, the application ID, Transaction ID, Challan Reference ID will be generated.

 

Partnership-Firm-Registration-in-Madhya-Pradesh-Track-Application
Partnership-Firm-Registration-in-Madhya-Pradesh-Track-Application

Payment for Registration

Step 18: The user has to login again into the portal.

Partnership-Firm-Registration-in-Madhya-Pradesh-Payment-Registration
Partnership-Firm-Registration-in-Madhya-Pradesh-Payment-Registration

Step 19: Click on “Unpaid application” which is below the track application menu.

Partnership-Firm-Registration-in-Madhya-Pradesh-Unpaid-Application
Partnership-Firm-Registration-in-Madhya-Pradesh-Unpaid-Application

Step 20: The user needs to select “Firm Application” to proceed with payment.

Partnership-Firm-Registration-in-Madhya-Pradesh-Firm-Application
Partnership-Firm-Registration-in-Madhya-Pradesh-Firm-Application

Step 21: Fill the details and save the document and pay the portal fee for successful registration.

Note: After registration, the status of the application can be viewed after five working days from the date of application.

Other Related Guides

Madhya Pradesh Fire License Madhya Pradesh Fire License Fire license ensures that businesses are carried out as per the Fire and Rescue Service regulations and that all necessar...
Madhya Pradesh Liquor License Madhya Pradesh Liquor License A liquor license is a permit given by the excise department of the respective state to sell alcoholic beverages at a pa...

Post by Karthiga

IndiaFilings is India's largest online compliance services platform dedicated to helping people start and grow their business, at an affordable cost. We were started in 2014 with the mission of making it easier for Entrepreneurs to start their business. We have since helped start and operate tens of thousands of businesses by offering a range of business services. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.