The Indian Partnership Act of 1932 deals with aspects governing partnerships. A critical aspect of partnership is that each partner is a principal as well as agent for all the other partners of the firm and therefore an act of one partner is an act of all partners. In other words, it means, each partner is liable for the actions of other partners of the firm (unlimited liability).
In India, registration of a Partnership Firms is not mandatory, however, it is recommended that one registers a Partnership Firm considering the benefits of a registered firm and restrictions on approaching a court-of-law for enforcement of rights of a Partners.
Once documents are provided, you can leave the rest of the formalities on us and expect the registration to be completed within 10 to 20 working days as the time varies from State to State.
Along with Application Form, typical documents required are: