Partneship deed

A Registered Partnership firm is recognized by law and enjoys the rights to sue the third parties or the partners they themselves incase of any violation or default. Even in business matters, the Registered Firm enjoy more previliges than a Non-Registered Firm in terms of getting Bank loan, winning confidence of clients and creditors, etc. A Non-Registered Firm do not hold any legal standing.

By nature, the liability of Partners in a Partnership firm is Unlimited but it is advisable to have a clause clearly stating the share of capital, profits and liability of each partner inorder to avoid any type of confusion in future.

it depends upont the state law / act also. In some state registration of partnership firm is compulsory.

Yes. I agree with Mr. Aryan Jadhav. Its not mandatory to get the firm registered in few states though its advisable to do so.

Thanks for adding the point Mr. Aryan.

Can you Pls provide the format of Partnership Deed?

i want to know the stamp duty for partnership deed of contribution of rs.10000.