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Societies Registration of Firms and Societies

1.Partnership Firm Registration in Madhya Pradesh

Partnership firm registration is mandatory for any association of people join together for a business purpose to share their profits. In India (Madhya Pradesh) all partnership firm is regulated by the Indian Partnership Act, 1932 and as per this provisions, partnership firm must be registered. In this article, we look at the procedure for registering a partnership firm in Madhya Pradesh. If you need any assistance for registering a partnership firm registration in  Madhya Pradesh, get in touch with an India filings Advisor at us

Benefits of Registering a Partnership Firm

The benefits of registering a partnership firm under section 69 of the Indian Partnership Act, are listed below:

  • Power to file a case in a court by a partner against the firm or other co-partners.
  • Power to file a case in court by the firm against third parties.
  • Power to claim setoff.

Partnership Deed

A Partnership Deed is an agreement in which the respective terms and conditions of the members of a partnership are stated. The Partnership deed consists of the following characteristics as below:

  • Both Partners and Firm name as well as address.
  • Business nature to be carried on by partners
  • Date of business commencement
  • The term of Partnership (whether for a fixed period/project)
  • Capital contribution from each partner
  • Profit-sharing ratio among the partners

Documents Required

Submit the following documents along with the application form:

  • Partnership deed
  • Affidavit of acknowledgement of all the details mentioned and Attested by Notary
  • Office Address proof
  • Address proof of all the partner
  • ID Proofs of Partners
  • Passport size photographs of all partners
  • Rent agreement from Owner of the house (optional)

2. Madhya Pradesh Society Registration

Society is a group of the person associated together for a specified purpose which results in a non-profitable service. Societies registered under the Madhya Pradesh Societies Registration Act, 1973, holds the status of a legal entity. Registration of society is done through the Office of Registrar of Society under the Madhya Pradesh Government. In this article, we look at the procedure for Madhya Pradesh society registration in detail.

Purpose for Society Registration

The principal Act of Section 2, specifies the following purposes for which societies may be registered under the Act:

  • Promotion of science, education, the literature of fine arts
  • Diffusion of useful knowledge
  • Diffusion of political education
  • Maintenance of libraries or reading rooms for common use among the members or upon to the public
  • Establishment and maintenance of galleries of paintings and other works of art
  • Establishment and maintenance of public museums
  • Collection of natural history, mechanical and philosophical inventions, instructions or designs
  • Promotion of social welfare

Documents Required

Following documents need to be furnished along with the application for society registration in Madhya Pradesh:

  • ID Proof
  • Address proof
  • Bye-law of the Society.
  • Passport size photographs of the head.