Corporate( Partnership )Deed

  • Expert Assistance
  • Complete online process
  • End-to-end compliance solutions
  • Track application status
Get Expert Assistance













About Corporate (Partnership) Deed


A partnership deed is a written legal document to avoid unnecessary misunderstanding, harassment and unpleasantness among the partners in the event of any dispute. For mutual benefit, the registration of Deed of Partnership is made under the Indian Registration Act, 1908 so as to avoid apprehension of the Deed of partnership being destroyed or mutilated in the possession of the partners. However, a partnership firm can also be created without registration under the Indian Registration Act, by just entering into a deep of Partnership. An instrument of partnership may be constituted by more than one document, meaning an amendment agreement can be added to a partnership deed at anytime to change the terms of a Partnership Firm


Partnership Agreements are be used by Partners wishing to form a partnership for doing business together. It is strongly recommended or encouraged for partnerships to have some kind of agreement among themselves, in case future disputes prove difficult to arbitrate. It is meant to promote mutual understanding and avoid mistrust. It indicates the terms on which the business corporation is founded.



Why Create a Partnership Deed?


Partnership Agreements are be used by Partners wishing to form a partnership for doing business together. It is strongly recommended or encouraged for partnerships to have some kind of agreement among themselves, in case future disputes prove difficult to arbitrate. It is meant to promote mutual understanding and avoid mistrust. It indicates the terms on which the business corporation is founded.

Also, registration of a Partnership will make the firm eligible for obtaining PAN, applying for bank loan, opening bank account in Partnership Firm name, obtaining GST registration or IE Code or FSSAI license in partnership firm name and more


Executing a Partnership Deed


Partnership agreement must be printed on a Non-Judicial Stamp Paper with a value of Rs.100/- or more based on the value of properties held in the partnership firm. The partnership agreement is usually signed in the presence of all the partners and each of the partners would retain a signed original for his/her records. Once the document is signed by the Partners, the document is witnessed and the signed partnership deed is held by each of the Partners is duplicate or triplicate.

How to use this document


A Partnership Deed can be created either as a first step to outline partner expectations and responsibilities before the partners begin doing business together or after the partnership has already been in business if a Partnership Deed was never created and the partners wish to codify or clarify how the partnership operates. No matter when in the life of a partnership a Partnership Deed is created, the Deed will cover the following ground:

  1. Partnership name: the legal name under which the partnership will do business

  2. Purpose of the partnership: a brief description of the business that the partnership will conduct

  3. Partner information: the legal names and addresses of all of the partners currently involved in the partnership

  4. Capital contributions: a description of the cash, property, services, and other resources initially contributed to the partnership by each of the partners

  5. Ownership interest: a description of the percent of the partnership owned by each of the partners

  6. Profit/Loss distribution: a description of how the profits and losses of the partnership will be distributed between the partners, often based on capital contributions and/or ownership interest, and how often distribution will take place

  7. Management and voting requirements: a description of how the partnership will be managed, how voting weight will be determined, and whether unanimous or majority votes will be required to make important decisions about the finances and operations of the partnership

  8. Partner addition and withdrawal: the guidelines for how the partnership will handle the addition of partners, the voluntary withdrawal of partners, and the involuntary withdrawal of partners

  9. Partnership dissolution: an outline of the circumstances under which the partnership can be dissolved and a description of how the remaining assets of the partnership will be divided between the partnership if the partnership is dissolved

SIMPLE & TRANSPARENT PRICING

Basic


all inclusive fees
Enquiry

Premium


all inclusive fees
Enquiry

Frequently Asked Questions


By the Provincial Governments in exercise of powers conferred by section 71 of thePartnership Act, 1932 rules which framed are Punjab Partnership &(registration of Firms)'rules, 1932, North+West (Frontier Province Partnership 'rules, 1932 and -Sindh Partnership 'rules, 1932.

Gouti offers a calendar view of the projects. The project calendar displays the entire project activity. A user-specific view 'My Calendar' is available and displays its scheduled tasks and actions. It is also possible to visualize the activity of the project through a GANTT chart, configurable according to the size of the project. Finally, a Macro-Planning completes this GANTT view, in order to have a refined view depending on what you want to visualize. It’s possible to set the information to display as well as the shaping by a choice of color.

Only users who have the right to update or read on the project can view all project information. It is the project manager who gives these rights

In right/write right you have an access on all the information and variables of the project. You can add tasks, actions, issues, deliverables, risks, change requests ... In short you place yourself as head of project. In read right you can only consult the project data but without any update rights.

Not at all, people to whom you assign tasks, actions, issues will immediately see them on their Gouti account. They will then be able to modify the progress of the tasks and write comments to the project manager.

Your collaborator only sees what you assign to him. He has access to the list of his tasks, his issues, his actions and a view of his planning. He has the opportunity to go into detail about his tasks, issues and actions, to consult attached documents, to report on his progress and to leave associated comments by notifying the project manager. Nevertheless, if in the "Rights Management" you give him the right to read, he can then consult the project information but cannot modify it.

Our Features


Worldwide Services


One Stop Solution


100% Business Support


EMI Payment Options


Business Counselling


Development Support