Question

What is a partnership deed? Is it necessary to registered a partnership​

Answer 1

Answer:

So, yes, there is no need to register the partnership deed when the business is formed. Under Section 58 of the Act, this can be done at any time through an application with the Registrar of Firms that has jurisdiction where the firm is situated or proposed to be situated.

Explanation:

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Answer 2

Answer:

A partnership deed is an agreement between the partners of a firm that outlines the terms and conditions of partnership among the partners. ... It specifies the various terms such as profit/loss sharing, salary, interest on capital, drawings, admission of a new partner, etc. Yes it is necessary to register a partnership.

Explanation:

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