Affidavit For Partnership Firm

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Affidavit For Partnership Firm

A partnership is simple to form because no complicated commercial requirements are necessary. In India, the Partnership Act of 1932 governs the registration of partnership firms.

The registration of a partnership firm requires a minimum of 2 persons.

if a partnership firm is not registered, it would be unable to obtain legal benefits, thus it is always advisable to register it.

Documents Required

To the Registrar of Firms, the partners must submit a partnership deed, as well as the firm’s and partners’ ID and address documents. It must be accompanied by an affidavit stating that all of the details mentioned in the deed and paperwork are correct.

Partnership Activity

Although a partnership deed might be oral, it is usually recorded to minimize future conflict. The partnership deed is drawn upon judicial stamp paper received from the state registrar’s office and signed by all partners. It outlines the firm’s and partners’ rights and responsibilities.

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