The Indian Partnership Act of 1932 Registered and unregistered partnerships are the two forms of partnerships.
Unregistered partnership Firm: In line with the Indian Stamp Act of 1889's regulations, the partnership deed must be written on non-judicial stamp paper and include information on the participation of the partners, coworkers, account operators, and sleeping partners. It must also be notarized and bear the signatures of the partners. A copy of the company deed must be available to all partners.
Registered partnership Firm: A partnership firm may register at any time, even after establishment, in accordance with Section 58 of the Indian Partnership Act of 1932. The Registrar of Firms in the state where the partnership firm is based is where the firm is registered. A record of the declaration is made in the Registrar of Firms and a Certificate of Registration is given once the Registrar is satisfied that the requirements of Section 58 have been met.
