|Type Of Service||New Shop|
|Registration Service Type||Newly Register|
|Type Of Ownership||all|
|Type Of Registration File||E-Filing|
|Number Of Employees||10-25|
|Type Of Ownership||Limited Liability Company|
|Company Location||Pan India|
|Type Of Service||New company registration|
|Type Of Industry||Commercial|
A partnership firm is formed when a group of people join together in the pursuit of a business. All partnership firms are formed in India under the Indian Partnership Act, 1932. In this article, we look at the procedure for partnership firm registration in Maharashtra.
Elements of Partnership Firm
There are five essential elements of a partnership firm. They are:
A partnership deed is a written agreement made between two or more partners who are willing to undertake business together. The deed consists of all the terms & conditions that are made in agreement with the partners. A partnership deed must contain the following:
Until recently, the registration process in the state was performed manually. The state government has now made the process online. The online process prompts the need of scanned documents along with online application forms.Required Documents
It is mandatory to possess the following documents while registering a partnership firm in Maharashtra:
The following steps have to be followed to register a partnership firm in Maharashtra:
12A registration is one time exemption obtained by most Trusts, right after incorporation to be exempted from paying income tax. Section 8 Company, Trusts and NGOs having 12A registration enjoy exemption from paying income tax on the surplus income of the Trust or NGO. Income tax exemption is available for all non-profit NGOs. Hence, it is important for all Trusts, NGOs and other Not-for-Profit organizations to be aware of Section 12A of Income Tax Act and obtain the same, soon after incorporation of the Trust or NGO. In this article, we look at the procedure for obtaining 12A registration in India.Benefits of 12A Registration
The benefits of Section 12A Registration are as follows.
Only Charitable Trusts, Religious Trusts, Societies and companies that come under Section 8 are eligible for 12A registration. 12A registration is not applicable for Private or Family Trust.Documents Required for 12A Registration
The following documents must be submitted by the 12A registration applicant in Form 10A:
The Income Tax Department has passed a notification on 19th February, 2018 with respect to the updated procedure for applying for 12A registration.