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Partnership Deed

A Partnership Deed (PDR) is a written legal document containing an agreement between the partners of a firm which summarises the terms and conditions of their partnership under the “Indian Partnership Act 1932”. Get help from the experts of Legal251 for making PDR.










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A Partnership Deed is a written legal document that outlines the rights and responsibilities of all partners of a business or firm. Contact us to get your Partnership drafted in the best way by the best legal team!
While partnering up with others for a business/establishment, one must prepare their Partnership Deed, an agreement that explains all terms & conditions about/for all respective partners to avoid any future/legal disputes. It is used to guide all the parties in business conduct and deter unwarranted misunderstanding, unpleasantness, and harassment among the partners at the time of the dispute.
The Partnership Deed is made under the "Indian Partnership Act 1932" to deter uncertainty of the Partnership Deed. Nevertheless, one can create a partnership firm without registration. But, you must register your partnership firm under the Indian Registration Act for security from future uncertainties. One must take professional legal advice/help for drafting their Partnership Deed. You are at the right place if you are looking to start a partnership business because we have the best legal team who will help you with all the necessities needed for a Partnership Deed.







  How to apply 













  Benefits 









Power to Sue Firm/ Partner/Third Party

Claim Set-Off

Conversion of Entity

Higher Credibility

Obtain PAN

Apply for Bank Loan


Open Bank Account in Firm's Name

Get GST/IEC Registration/ FSSAI Licence

Sharing Profits & Losses

Easy to Incorporate

Less Compliances





  Registration Process 









Our legal experts will review all the documents you submit to lessen the chances of incorrect or misleading information to make the process smooth.

Our best Partnership Deed experts are here to help you with document requirements and registration necessities.

The respective professional will move further with your documents to apply for your Partnership Deed Registration.

After acceptance of your application by the Registrar of Firms, your Partnership Deed certificate will be generated.

You are supposed to wait until our expert reaches out to notify you of the generation of your Partnership Deed Certificate.





  FAQs 









FREQUENTLY ASKED QUESTIONS





Partnership Act 1932 is responsible for Partnership Deed Registration in India.
A minimum of 2 persons are required to form a partnership firm, and a maximum of ten persons if an organization is in the banking business. A firm can have up to 20 partners in the case of non-banking business.
No, it is not mandatory. However, to avoid future disputes, it is advised to register your business firm under the Partnership Deed Registration Act 1932.
Form No. 1 is required to get registered under the Partnership Act.
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In India, there are two types of partnerships: Partnership at Will and Particular Partnership.
In India, the time for obtaining the Registration of a Partnership Firm varies from 14-16 working days.
Some significant grounds on which your partnership can be termed invalid are when your firm is engaged in an illegal or unlawful activity or if the court finds the firm invalid.
The main disadvantage of an Unregistered Partnership Firm is that it does not have the right to claim set-offs and cannot sue third parties or partners.
Yes, a foreigner is eligible to become a partner in an Indian Partnership Firm and can contribute to the firm's capital in some cases. There are no restrictions for a foreigner to become a partner in an Indian firm. However, the law restricts foreign investment by NRI.


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