In Odisha, as in other states of India, the registration of a partnership firm is governed by the Indian Partnership Act, 1932. The process to register a partnership firm can be bifurcated into two main stages:
Drafting and Execution of Partnership Deed: Before approaching any government authority for registration, partners need to draft a Partnership Deed. This deed should capture all the terms of partnership, including the name of the firm, the names of all partners, the nature of the business, the duration of the firm, capital contributions by each partner, profit-sharing ratios, etc. Once the deed is drafted, it should be printed on a non-judicial stamp paper of the requisite value as per the state's stamp act and signed by all partners. This deed should then be notarized.
Registration with the Registrar of Firms:
Note: Registration of a partnership firm is not mandatory under the Indian Partnership Act, 1932. However, registering a partnership firm provides legal protection to partners and ensures that the firm can sue and be sued in its own name.
In addition to the above, if a partnership firm carries out activities that are subject to specific regulatory requirements (like GST), then additional registrations, like GST registration, may also be needed.
It's always a good idea to consult with a local lawyer or chartered accountant familiar with the registration process in Odisha to ensure compliance with all formalities and get updated information on the registration process.
Here is the procedures as per Odisha Govt
Procedure/ Steps for registration of a Partnership Firm
1 |
Submission of application for registration of Partnership Firm in the office of Registrar of Firms (IGR, Odisha, Cuttack) in Form No.1 prescribed under the Indian Partnership Act, 1932 read with Odisha Partnership Rules, 1943. |
2 |
Scrutiny of the documents in the office of the Registrar of Firms (IGR, Odisha, Cuttack). |
3 |
Calling for the wanting documents, if any or compliance of objections if any. |
4 |
Registration of Partnership Firm / filing by the Registrar of Firms (IGR, Odisha, Cuttack). |
5 |
Delivery of acknowledgement of registration of firm . |
List of requisite documents for registration of a Partnership Firm
1 |
Application in Form No.1 prescribed under the Indian Partnership Act, 1932 read with Odisha Partnership Rules, 1943. |
2 |
Partnership Deed affixed with Non-Judicial Stamp Duty of Rs. 200/- and registered by concerned Sub-Registrar or notarized by any Notary Public. |
3 |
Attested copy of the Partnership Deed. |
4 |
Treasury Challan of Rs. 2 ( Two) only in the Head of Account - “0058 Stationery and Printing” towards application fee. |
5 |
Treasury Challan of Rs. 3 ( Three) only in the Head of Account - “1475 - OGES (a) Regulation of other business undertaking (A) of Administration of I.P. Act, 1932” towards registration fee. . |
6 |
Self attested Proof of Identity of the partners. |
7 |
Proof of ownership of the place of business or the rental / lease agreement thereof. |
8 |
All required documents as per the proposed business activity of the Firm . |
9 |
Self addressed stamped envelope required for sending the certificate and objections if any. |
10 |
User Charges Rs.250.00/- For 10 pages, and Rs. 15.00 /- thereafter for each page. |
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