Registering a partnership firm in Imphal requires following a clear procedure set by the Department of Trade, Commerce & Industries. By completing each step carefully, you can ensure legal recognition and smooth operations for your business.
Step 1: Choose a Unique Name for Your Partnership Firm
The first step is to select a unique name for your partnership firm. Ensure the name:
- Represents the nature and activities of your business in Imphal
- Is not identical to any existing firms in Manipur
- Avoids restricted, misleading, or government-related terms
Prepare 2–3 alternatives before final approval to avoid delays from possible rejections
Timeline: 1–2 days
Step 2: Draft the Partnership Deed
Prepare a partnership deed that outlines:
- Names and addresses of all partners based in Imphal
- Business objectives, scope, and planned activities in the region
- Capital contributions of each partner
- Profit-sharing and loss-bearing ratios
- Roles, responsibilities, and decision-making authority of each partner
- Terms for partner entry, exit, and duration of the partnership
The deed should be executed on non-judicial stamp paper. All partners must sign it in the presence of witnesses. Notarization is recommended but not mandatory for registration.
Timeline: 2–3 days
Step 3: Apply for a Company PAN Card Online
After completing the partnership deed, apply for a firm PAN Card online through NSDL or UTIITSL portals (pan.utiitsl.com). The PAN card is required for taxation and opening a current bank account in Imphal.
Timeline: 7–10 working days
Step 4: Fill Registration Application (Form 1)
Fill out Form 1 and provide:
- Firm name and business details
- Principal office address in Imphal
- Names, addresses, and joining dates of all partners
Ensure the form is signed by all partners or authorized representatives.
Timeline: 1 day
Step 5: Submit Documents to the Registrar of Firms
Once Form 1 is complete, submit the following to the RoF in Imphal:
- Original partnership deed (signed)
- Registration fee payment
- Copy of the firm’s PAN card
- Proof of office address (rent agreement or utility bill)
- PAN and address proof of all partners
- Affidavit confirming accuracy of submitted information
Timeline: 1–2 days
Step 6: Receive the Registration Certificate
After document verification, the Registrar issues the Certificate of Registration, including a unique firm number, confirming legal registration in Imphal.
Timeline: 10–15 days
Step 7: Open a Current Bank Account
Use the registration certificate and PAN card to open a current account in the firm’s name at any bank in Imphal. This account is essential for all business transactions.
Timeline: 1–2 days
Note: Once registered in Imphal, the partnership firm remains valid for its lifetime. Any changes in partners or firm details must be updated with the Registrar.
Register your partnership firm in Imphal with RegisterKaro to complete the process quickly and legally. Contact us today to get started!