info@bhanuandco.in      +91-9810699436
      

Enquiry For Registration

   


Our Partenership Members

Mr. Atul Jain
B.Com (Hons), F.C.A. (In Practice Since: 1986)

Mr. Atul Jain, Founder Partner of the Firm, has more than 27 years experience in rendering Corporate Advisory services. He has handled several assignments relating to Statutory Audits of corporates, Insurance Companies & Banks. He has been involved in advising corporates proposing to come up with Public Issues (IPOs). He has carried out several assignments for Due Diligence and Amalgamation of companies.

Mr. Sanjeev Maheshwari
B. Com. (Hons), F.C.A. D.I.S.A. (In Practice Since: 1986)

Mr. Sanjeev Maheshwari, Senior Partner of the Firm, has more than two decades of experience in rendering Management and Financial Consultancy. He has handled several assignments related to raising finance, Restructuring, Valuation, Mergers & Amalgamations. His result oriented approach ensures that the clients benefit in terms of having the most efficient solution.

Mr. Haridas Bhat
B.Com, F.C.A (In Practice Since: 1986)

Mr Haridas Bhat has more than two decades of experience in the field of Income Tax – Domestic and International. He renders advisory, planning and compliance services for corporates on Income tax matters. He has extensive experience in representing cases before various Appellate authorities including Income Tax Appellate Tribunal (ITAT).

 

General Partnership Firm

 

What is a General Partnership (GP) Firm?

 

A General Partnership Firm (many times referred as Partnership Firm) is a business entity formed by 2 or more people. This business form has not been very popular in India in recent few decades. A GP is not a separate legal entity in the eyes of law. Although it is treated as a separate entity for all taxation purposes (direct taxes or indirect taxes). The law also allows the partners of a GP firm to sue or to be sued in the name of firm (only applicable for registered firms). As per Indian Partnership Act, 1932, 'partnership' is the relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all.

 

How to register a General Partnership Firm?

 

A GP firm doesnot require mandatory registration. This means the partners may decide to register the firm with Registrar of Firms or may choose to conduct business without any registration. A partnership deed is a must and forms the basis of various relationship and governing factors between partners. A partnership deed should contain details of: