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Ing to the Companies Act, 2013, the minimum number of members required to form a partnership business is 2 while the maximum number of members can be 100 and not more than that.

A partnership deed is an agreement that is made between two or more partners of a firm and it outlines the various terms and conditions of the partnership among the partners.

The Indian Partnership Act of 1932 details various elements included in a partnership. It mentions five aspects or elements of a partnership. They are partnership contracts, several participants, carrying on of a business, mutual agency, and profit-sharing terms.

The partnership deed is registered under the Indian Registration Act, 1908. It must be printed on non-judicial stamp paper with a value of Rs. 200 or more based on the capital of the partnership firm. It has to be signed by all the partners and each partner should have a copy of the partnership deed.

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If you have registered your partnership deed, then you can apply for certified copy of the deed before the Registrar. A. If you have lost the original one then execute a new one as amendment or rectification of the original. If you had registered the old agreement then get a certified copy from the Registrar.

It must be an association of two or more persons. There must exist an agreement between the partners. There must be a business undertaking or a commercial activity that is lawful. The motive must be to earn the profit and share between the partners.