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Declaration Of Partnership Affidavit for India

Declaration Of Partnership Affidavit Template for India

A Declaration of Partnership Affidavit is a legally binding sworn document used in India to formally declare and verify the existence, terms, and details of a partnership business. This document, governed by the Indian Partnership Act, 1932, and related legislation, serves as official evidence of partnership arrangements. It includes detailed information about the partners, business operations, profit-sharing ratios, and other essential partnership terms. The affidavit must be sworn before a notary public or appropriate authority and requires proper stamps as per Indian stamp duty laws.

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Declaration Of Partnership Affidavit

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What is a Declaration Of Partnership Affidavit?

A Declaration of Partnership Affidavit is essential for businesses operating as partnerships in India, serving as a formal sworn statement that verifies the existence and details of the partnership arrangement. This document is commonly required when dealing with banks, government authorities, or other institutions that need official verification of partnership status. It is particularly important in situations where formal proof of partnership is required but a registered partnership deed may not exist or additional verification is needed. The affidavit must comply with the Indian Partnership Act, 1932, the Indian Oaths Act, and relevant state laws regarding stamp duty and notarization. It typically includes comprehensive information about the partners, business operations, capital contributions, and profit-sharing arrangements, making it a valuable document for both legal and business purposes.

What sections should be included in a Declaration Of Partnership Affidavit?

1. Title and Jurisdiction: Specifies the document type and jurisdiction where the affidavit is being sworn

2. Deponent Details: Full identification and contact details of the person(s) making the affidavit

3. Partnership Particulars: Details of the partnership including firm name, business address, and date of establishment

4. Partner Information: Names, addresses, and other identification details of all partners

5. Nature of Business: Description of the partnership's business activities and scope

6. Partnership Terms: Key terms including profit sharing ratio, capital contribution, and management rights

7. Declarations: Specific sworn statements about the partnership's existence and operations

8. Verification Clause: Standard verification statement confirming the truth of the contents

9. Attestation: Notary or authorized official's attestation section

What sections are optional to include in a Declaration Of Partnership Affidavit?

1. Bank Account Details: Include when the affidavit is specifically required for banking purposes

2. Previous Business History: Add when partners have relevant prior business relationships or partnerships

3. Compliance Declarations: Include specific declarations about regulatory compliance when required by authorities

4. Property Details: Add when the partnership owns significant assets or property

5. Special Rights and Obligations: Include when there are unique arrangements between partners

6. Successor Provisions: Add when specific succession planning needs to be documented

What schedules should be included in a Declaration Of Partnership Affidavit?

1. Schedule A - Partner Identification Documents: Copies of ID proofs and address proofs of all partners

2. Schedule B - Capital Contribution Details: Detailed breakdown of each partner's capital contribution

3. Schedule C - Business Licenses: Copies of relevant business licenses and registrations

4. Appendix 1 - Partnership Registration Certificate: Copy of partnership firm registration if applicable

5. Appendix 2 - Property Documents: Details of partnership property ownership documents if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

India

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions




















Clauses




















Relevant Industries

Retail

Manufacturing

Professional Services

Construction

Technology

Healthcare

Hospitality

Real Estate

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Financial Services

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Relevant Teams

Legal

Compliance

Finance

Administration

Operations

Business Development

Risk Management

Corporate Secretarial

Management

Relevant Roles

Business Owner

Managing Partner

Partner

Company Secretary

Legal Counsel

Compliance Officer

Chief Financial Officer

Business Development Manager

Operations Manager

Administrative Manager

Finance Manager

Risk Manager

Account Manager

Industries






Teams

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