{“@context”:”https://schema.org”,”@type”:”BlogPosting”,”headline”:”Partnership Deed Format: Essential Clauses and Legal Requirements in India”,”description”:”A complete guide to drafting a partnership deed in India — essential clauses, registration requirements, types of partnership, and what happens if there is no written deed.”,”author”:{“@type”:”Person”,”name”:”Content Admin”},”publisher”:{“@type”:”Organization”,”name”:”Tradeviser”},”datePublished”:”2026-09-27″,”inLanguage”:”en-IN”,”mainEntityOfPage”:{“@type”:”WebPage”,”@id”:”https://tradeviser.com/partnership-deed-format/”}}

{“@context”:”https://schema.org”,”@type”:”FAQPage”,”mainEntity”:[{“@type”:”Question”,”name”:”Is a partnership deed mandatory in India?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”A written partnership deed is not mandatory to form a partnership under the Indian Partnership Act 1932 — a partnership can be oral. However, a written deed is strongly advisable. Without a deed, the Indian Partnership Act’s default rules apply, which may not align with what the partners agreed.”}},{“@type”:”Question”,”name”:”Does a partnership deed need to be registered?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Registration of a partnership firm is optional under the Indian Partnership Act 1932. However, an unregistered firm cannot file a suit against third parties or against partners in a court of law to enforce contract rights. For this reason, most firms register with the Registrar of Firms.”}},{“@type”:”Question”,”name”:”What is the stamp duty on a partnership deed?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”Stamp duty on a partnership deed varies by state. Most states charge between ₹500 and ₹2,000 depending on the capital contributed. The deed must be executed on non-judicial stamp paper of the appropriate value as per the state’s Stamp Act.”}},{“@type”:”Question”,”name”:”What happens if there is no partnership deed?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”If there is no written partnership deed, the Indian Partnership Act 1932 default rules apply: profits and losses are shared equally, no partner is entitled to a salary, no interest on capital, and interest on loans at 6% per annum. These defaults may be unfair to some partners.”}},{“@type”:”Question”,”name”:”Can a minor be a partner in a firm?”,”acceptedAnswer”:{“@type”:”Answer”,”text”:”A minor cannot be a full partner in a firm. However, under Section 30 of the Indian Partnership Act 1932, a minor can be admitted to the benefits of partnership — meaning they can share in profits but are not liable for losses beyond their share in the firm’s property.”}}]}

{“@context”:”https://schema.org”,”@type”:”HowTo”,”name”:”How to Draft a Partnership Deed in India”,”step”:[{“@type”:”HowToStep”,”position”:1,”name”:”Decide partnership type”,”text”:”Choose between general partnership or limited liability partnership (LLP). This guide covers general partnerships under the Indian Partnership Act 1932.”},{“@type”:”HowToStep”,”position”:2,”name”:”List all partners”,”text”:”Include full names, addresses, and Aadhaar/PAN of all partners.”},{“@type”:”HowToStep”,”position”:3,”name”:”Define capital contribution”,”text”:”State how much each partner is contributing — cash, assets, or expertise.”},{“@type”:”HowToStep”,”position”:4,”name”:”Specify profit/loss sharing ratio”,”text”:”State the ratio in which profits and losses will be shared.”},{“@type”:”HowToStep”,”position”:5,”name”:”Define roles and authority”,”text”:”Specify who is authorised to make decisions, sign contracts, and open bank accounts.”},{“@type”:”HowToStep”,”position”:6,”name”:”Add dissolution clauses”,”text”:”State how the firm can be dissolved and what happens to assets on dissolution.”},{“@type”:”HowToStep”,”position”:7,”name”:”Execute on stamp paper and register”,”text”:”Execute on non-judicial stamp paper, sign, and register with the Registrar of Firms.”}]}

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