The registration of a partnership firm is optional and not compulsory under the Indian Partnership Act. It is at the discretion of the partners and voluntary. The firm's registration can be done at the time of its formation or incorporation or during the continuance of the partnership business.
The procedure for such a registration is as follows,
- Application to the Registrar of Firms in the prescribed form (Form A). ...
- The duly signed copy of the Partnership Deed (which contains all the terms and conditions) must be filled with the registrar.
- Deposit/pay the necessary fees and stamp duties.