e-StampNotary
A partnership firm registers with the Registrar of Firms, Gujarat — a different office entirely from the Sub-Registrar who registers property documents. Registration is optional in law and a serious mistake to skip: under section 69 of the Indian Partnership Act, 1932 an unregistered firm cannot bring a suit to enforce a contractual right against a third party, and a partner cannot sue the firm or a co-partner to enforce a right under the deed. Section 69(3) preserves suits for dissolution, for accounts of a dissolved firm and to realise its property — but that is a fallback, not a plan.
What the deed must settle
- Capital — who contributes what, whether it earns interest, and what happens when more is needed.
- Profit and loss sharing, and whether losses are shared in the same ratio as profits.
- Remuneration and drawings — and the limits on them.
- Management — who binds the firm, who signs cheques, what needs unanimity, what needs a majority.
- Admission of a new partner, and on what terms.
- Retirement and expulsion — notice, valuation of the outgoing share, and how it is paid out. This is the clause that is always missing and always needed.
- Death or incapacity of a partner — whether the firm continues, and what the heirs receive.
- Dissolution — the events, the order of application of assets, and who winds up.
- Dispute resolution — arbitration or the courts, and where.
- Goodwill — how it is valued on an exit. Silence here produces the bitterest arguments.
Two partners who agree about everything else will still fight about what an outgoing share is worth. A deed that says "as mutually agreed" has provided for nothing. Specify a method — book value, an agreed multiple, or a named valuer appointed on a defined trigger — so that when the day comes there is a mechanism rather than a negotiation between people who have stopped speaking.
We do not publish duty figures on this website. The Gujarat Stamp Act, 1958 was amended in 2025 and several articles were restructured; a rate printed on a web page goes stale and costs somebody money. As a Government authorised e-Stamping centre we confirm the duty currently prescribed for your specific document and issue the e-stamp against it, at face value. The notarial fee is separate and capped by law — ₹35 to attest execution, ₹35 to administer an oath or take an affidavit, under Rule 10(1) of the Notaries Rules, 1956. The full fee table →
Drafted here, in Gujarati or English
Drafted by an advocate of 35+ years rather than filled into a downloaded template, e-stamped at a Government authorised centre, and notarised in the same visit. If the parties read Gujarati, the document is drafted in Gujarati — not translated out of an English form, because legal Gujarati has its own settled vocabulary and a literal translation frequently means something looser.
What to bring
- Photo ID and PAN for every partner
- The firm name and business address, with premises proof
- Capital contribution of each partner
- Agreed profit and loss sharing ratio
- Any existing deed if the firm is being reconstituted