1. HOW TO DO BUSINESS IN INDIA VIA PARTNERING WITH A
INDIVIDUAL IN INDIA FULL PROCEDURE FOR MORE
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For registration of the partnership firm first of all we have to understand the concept of
partnership. A partnership is formed by an agreement, which may be either written or oral.
When the written agreement is duly stamped and registered, it is known as "Partnership Deed".
Ordinarily, the rights, duties and liabilities of partners are laid down in the deed. But in the case
where the deed does not specify the rights and obligations, the provisions of the THE INDIAN
PARTNERSHIP ACT, 1932 will apply. The deed generally contains the following particulars:-
 Name of the firm.
 Nature of the business to be carried out.
 Names of the partners.
 The town and the place where business will be carried on.
 The amount of capital to be contributed by each partner.
 Loans and advances by partners and the interest payable on them.
 The amount of drawings by each partner and the rate of interest allowed
thereon.
 Duties and powers of each partner.
 Any other terms and conditions to run the business.
To register a partnership firm first of all you have to create a partnership deed which states all
terms and conditions about capital, profit sharing ration, work responsibilities, situation for
admission of a new partner, retirement of a partner, death of partners etc etc.
Partnership is defined as a relation between two or more persons who have agreed to share the
profits of a business carried on by all of them or any of them acting for all. The owners of a
partnership business are individually known as the "partners" and collectively as a "firm".
After it you have to get it registered. You have to go to DIC (District Industries Centre) where
you can get it registered after paying registration fees. For Delhi, you can apply online also for
its registration. Another way is to get the deed notarized & file a TIN application with the VAT

2. authorities of your area. They will inspect the location of the business and will seek for a
guarantor. After that they will register you and will issue a TIN number.
Who Needs TIN number?
Tin number registration is must for Manufacture/Traders /Exporters/Dealers. It comes to new
registration under VAT or Central sales tax will be allotted new TIN as registration number.
However, all state commercial tax department of India has stipulation to provide new TIN to
existing Manufacture/Traders /Exporters/Dealers to replace their old registration / CST number.
So, there is no difference in VAT/CST/TIN because these days only one number is needed for all
type of sale you made. TIN number is called VAT number when it used for intra state sales. The
same TIN number is being consider as CST number when it requires.
Documents required to Apply TIN number
1. ID Proof / Address proof / PAN card of proprietor with 4 to 6 number of photographs
2. Address proof of Business premises;
3. 1st Sale / Purchase Invoice, copy of LR/GR & payment/collection proof with bank statement
4. Surety/Security/Reference.
Above requirement may differ from state to state. Please check the applicability of each state
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