DETAILS REQUIRED IN PARTNERSHIP REGISTRATION

General details
1. Name and address of the firm and all the partners.
2. Nature of business.
3. Date of starting of business  
4. Capital to be contributed by each partner.
5. Profit/loss sharing ratio among the partners.

Specific details
Apart from these, certain specific clauses may also be mentioned to avoid any conflict at a later stage:

a. Interest on capital invested, drawings by partners or any loans provided by partners to the firm.
b. Salaries, commissions or any other amount to be payable to partners.
c. Rights of each partner, including additional rights to be enjoyed by the active partners.
d. Duties and obligations of all partners.
e. Adjustments or processes to be followed on account of retirement or death of a partner or dissolution of the firm.
f. Other clauses as partners may decide by mutual discussion.

PROCEDURE FOR REGISTERING PARTNERSHIP
An application form along with fees is to be submitted to the Registrar of Firms of the State in which the firm is situated. The application has to be signed by all partners or their agents.

Documents to be submitted to Registrar include:
Application for registration of partnership (Form 1).
Specimen of Affidavit.
Certified original copy of Partnership Deed.
Proof of principal place of business (ownership documents or rental/lease agreement).
If the registrar is satisfied with the documents, he will register the firm in the Register of Firms and issue a Certificate of Registration.

Register of Firms contains up-to-date information on all firms and can be viewed by anybody upon payment of certain fees.