Compared to company and LLP, Partnership is simple to form and manage. However, in case of change in address, addition / removal of partner, change in firm name or business place etc there are requirements of filing various forms. This article gives you a tabular presentation of requirement for filing forms in Maharashtra State with time limit, documentation, section of Act, Filing fees and Penalties

 

Subject

Registration of Partnership Firm

Form No

A

Time Limit

1 year

Section

58(1) &(1A)

Enclosures

1. Rs. 5 court fee stamp with the Forwarding letter.

2. Rs. 10 Non judicial stamp paper

3. Copy of partnership deed certified by C.A. /Adv.

4. Marathi translation of Partnership deed duly certified by C.A./Adv.

Filing Fees

1500

Other Charges

100

Penalties

Rs. 100/- year or part thereof

Document and Stamp Duty Amount

Instrument of Partnership

1. Rs.500 for no share of contribution or share contribution in cash of Rs.50000 or part thereof subject to a maximum of Rs. 5000                                                                                                         

3. For share of contribution brought in by way of property (excluding cash, --- same duty will be leviable as on conveyance on the market value of the property (For rates, refer Scheduled of Bombay Stamp Act)

 

Subject

Change in Principal Place/ nature of business / firm name

Form No

B

Time Limit

90 Days

Section

60(1)

Enclosures

1. Forwarding letter with Rs. 5 court fee stamp

2. Rs. 10 Non judicial stamp paper

3. Copy of proof duly certified by C.A./Adv.

Filing Fees

1000

Other Charges

200

Penalties

Up to Rs. 10/ day

Document and Stamp Duty Amount

Proof for date of change like certified copy of possession letter, Sale Deed, Leave License Agreement or copy of Supplementary Deed.

 

Subject

Opening and closing of branches

Form No

C

Time Limit

90 Days

Section

61

Enclosures

1. Forwarding letter with Rs. 5 court fee stamp

2. Rs. 10 Non-judicial stamp paper

3. Copy of proof duly certified by C.A./Adv.

Filing Fees

1000

Other Charges

200

Penalties

69A

Document and Stamp Duty Amount

Proof for date of change like certified copy of possession letter, Sale Deed, Leave License Agreement or copy of Supplementary Deed.

 

Subject

Change in the name (person/limited company and address of the partner)

Form No

D

Time Limit

90 Days

Section

62

Enclosures

1. Forwarding letter with Rs. 5 court fee stamp

2. Rs. 10 Non-judicial stamp paper

3. Copy of proof duly certified by C.A./Adv.

4. Certificate of R.O.C.  or Certified copy of Government Gazette

Filing Fees

1000

Other Charges

200

Penalties

Up to Rs. 10/day

Document and Stamp Duty Amount

Copy of Supplementary Deed if any

 

Subject

Change in Constitution-Admission/Retirement/Dissolution/ Death of Partner/minor partner

Form No

E

Time Limit

90 Days

Section

63

Enclosures

1. Rs. 5 court fee stamp along with Forwarding letter

2. Rs. 10 Non-judicial stamp paper

3. Copy of partnership deed certified by C.A./Adv

 

Filing Fees

1000

Other Charges

200

Penalties

Up to Rs. 10/day

Document and Stamp Duty Amount

(a) Instrument of Partnership on reconstitution of the firm: Stamp duty as under Sr.No.1

(b) Instrument of Dissolution/Retirement on Rs. 200/- (Please refer Bombay Stamp Act)

 

Subject

Minor attaining majority and elects to become/ not to become a Partner

Form No

F

Time Limit

90 Days

Section

63(2)

Enclosures

1. Forwarding letter with Rs. 5 court fee stamp

2. Rs. 10 Non-judicial stamp paper

3. Copy of partnership deed certified by C.A./Adv

4. If minor is retiring in age of minority then Affidavit of Guardian in support of retirement

Filing Fees

1000

Other Charges

200

Penalties

Up to Rs. 10/day

Document and Stamp Duty Amount

-

 

Subject

Rectification

Form No

-

Time Limit

-

Section

64(2)

Enclosures

An application for Rectification and Documentary Proof

Filing Fees

1000

Other Charges

200

Penalties

-

Document and Stamp Duty Amount

Documentary proof of Rectification.

 

Subject    

Inspection of Register

Form No

-

Time Limit

-

Section

66(1)

Enclosures

1. For Inspection an application is essential.

Filing Fees

100

Other Charges

-

Penalties

-

Document and Stamp Duty Amount

-

 

Subject

Inspection of documents

Form No

-

Time Limit

-

Section

66(2)

Enclosures

1. An application for Inspection

Filing Fees

100

Other Charges

-

Penalties

-

Document and Stamp Duty Amount

-

 

Subject

Certified copy

Form No

-

Time Limit

-

Section

67

Enclosures

1. An application for certified copy

2. Non-judicial Stamp Paper of Rs. 10/-

3. Rs.5/- Court Fee stamp

Filing Fees

Rs. 100/100 words or part thereof

Other Charges

-

Penalties

-

Document and Stamp Duty Amount

-

 

Subject

Appeal against refusal by registrar to register the firm under a particular name

Form No

Plain paper

Time Limit

30 Days

Section

58(4)

Enclosures

1. Copy of order appealed against

2. Copy of receipt

Filing Fees

1000

Other Charges

 

Penalties

 

Document and Stamp Duty Amount

Appeal is to be filed before the Competent Authority, Law and Judiciary Department, Mantralaya, Mumbai –400 032

                                                               

SOME IMPORTANT POINTS TO BE REMEMBERRED TO AVOID OBJECTIONS FROM REGISTRAR OF FIRM IN RESPECT OF FORMS FILED.

 

1. A New ID for every Firm in case Online filing is required to be created by a CA/Adv.

2. On the Deed of Partnership and on all the Forms you are to write full Name with correct spellings.

3. Stamp paper must be in the name of firm or partners.

4. Both Forms E & B or D is required to be filed in case where change in constitution is simultaneous with change in address.

5. Change in Karta is in case of HUF is required to be intimated in Form E. In case Death of Karta Form E has to be submitted.

6. Date of filling of documents must be within one month of such notarization.

7. Check date of stamp paper, date of execution of deed and effective date of partnership deed.

8. Form D is required to be filed along with attested copy of Marriage Certificate which should necessarily contain changed name and address both in case of change in name and also the change in address of the female partner if occurs on account of marriage.

9. Ensure that the Seal of Notary is put with Red ink and initials of Notary on all pages of the document or form, which is notarized. Name and Address stamp of the Notary on the notarized document or form, along with serial number in the Notary Register of the document being notarized.

10. Rectification application filed under section 64, requesting correction of error signatures of all existing partners is necessary on the application.

11.  Any one of the existing partners can sign the Letter of authority to appear before the Registrar of Firms for personal hearing.

12. The stamp paper which is used for execution of Deed of Partnership should be dated within 6 months of the date of issue of such stamp paper. From 1-12-1989 this provision is made effective.

13. Any particular business requiring License to carry out the business the copy of License is to be submitted along with the submission. An Undertaking in Affidavit form signed by all the partners should be submitted if the License is not obtained.

14. The business like Petrol Pump/L.P.G.Gas/Kerosene, Ration Shop/Liquor requires the permission of Licensing authority to carry out business in partnership. Copy of License is mandatory in such cases.

15. The deed is required to be adjudicated by the Stamp Authority in cases where Deed is not duly stamp or in other case if six month has been lapsed after the execution of deed.

16. An Authority letter signed by all the partners is required to be submitted along with the application if application is submitted through C.A. or Advocate or any third party other than the firm itself.

 

For any query you can write to Chirag@cachauhan.in . Before making any decisions do consult your Professional / tax advisor.  Author does not take any responsibility for misrepresentation or interpretation of act or rules. Neither the author nor the firm accepts any liability neither for the loss or damage of any kind arising out of information in this document nor for any action taken in reliance there on.

 

 

 

Also read related article: How to Pay Zero Tax for Income up to Rs 10 Lakhs by CA Chirag Chauhan

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CA Chirag Chauhan

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