Partnership Deed Maker

Guide and release notes

Partnership Deed Maker, Version 1.0.0, released 28 October 2026.

What is new in Version 1.0.0

• First release. Prepare a deed of partnership between individuals under the Indian Partnership Act, 1932, and download it as a Word file.
• Firm, Partners, Terms, Bank and GST letters and Check and download pages. Up to 50 partners, working and sleeping partners, and minors admitted to the benefits of the partnership (section 30).
• The deed is written clause by clause from your answers: name and business, capital, interest, remuneration, profits and losses, conduct of business, bank accounts, books and audit, admission, retirement, death, expulsion, goodwill, disputes and arbitration, dissolution, registration, notices, schedules and signature blocks. The last page carries the signatures of all the partners and of two witnesses, with name and address lines for each witness.
• Validate button in the header of every page and on the Check and download page. It checks the rules and the law, then spelling and grammar: typing mistakes in the fields you filled in, repeated words, double spaces, spaces before commas, "a" and "an", simple agreement of verb and subject, unclosed brackets and quotation marks. Spelling notes suggest the correct word. Names and places are not marked as mistakes. The finished deed text is also read through.
• Confirm step: after validation shows no errors, tick the confirmation and select Confirm. The Pay button becomes active only after the deed is confirmed. If you change any entry afterwards, the confirmation is withdrawn and you must validate and confirm again.
• Preview before payment: the deed and the three letters can be read on the screen for free. Copying, selecting, right-click and printing of the preview are blocked.
• Paid downloads: after payment of Rs. 599 the deed and the three letters are downloaded as Word files (.docx). Each document can be downloaded up to 5 times on the browser where the payment was unlocked. The final Word files have no DRAFT header and no "Generated using" footer; each page carries only its page number. Pay by card, UPI or net banking in the Razorpay window inside the page; the downloads unlock at once and the unlock code is also emailed. The payment terms and conditions are shown before payment and must be accepted.
• Checks before the deed is created: at least two adult partners, no more than 50 partners, PAN format, profit shares that total 100, interest of not more than 12 per cent, remuneration only for working partners, a firm name that does not use Limited, Private or LLP, and warnings for regulated businesses, non-resident partners and property brought in as capital.
• Bank signing authority: choose single operation (any one signatory), joint operation (any two together, or all together), or single operation up to a limit in rupees and joint operation above it. The choice is written into clause 9 of the deed, the bank letter and the account opening resolution. Mark the authorised signatories on the Partners page.
• Bank clause: accounts with scheduled or nationalised banks, the Firm may pledge or mortgage its assets to banks or NBFCs and take unsecured loans, and no partner takes a loan for the Firm without the consent of the other partners. Registration clause: registration is not mandatory and the Partners may register if required; the Firm may take GST, Udyam and other registrations as required.
• Three more documents for a new firm: a letter to the bank for opening a current account with specimen signatures and the mode of operation; the resolution of the partners for opening and operating the bank account, in the standard format (meeting date and time, authorised partners, singly or jointly, honouring of instructions, digital banking, certified copy with KYC); and the declaration naming the authorised signatory for GST registration with the signatory's acceptance.
• Billing details at payment: name, address, pincode, GSTIN if any, email and mobile (optional) are asked for the invoice, with a privacy notice. Techmin keeps these only for invoicing and tax records. The deed and the letters stay in the buyer's browser and are not sent to Techmin.
• Stamp paper and execution guidance and a free downloadable checklist: stamp paper, signing, witnesses, registration of the firm, and the other registrations. The tool does not work out stamp duty, because each State sets its own rates.
• A calculator on the Check page shows the most remuneration the firm can deduct for a given book profit.
• Save button (and Ctrl+S) with an optional save file on your computer in Chrome or Edge, backup and restore, and an example you can load.
• Error codes with solutions on the Error codes tab and in this guide, including the codes for letters, signing authority, payment and billing details. Footer on exported files: Generated using Partnership Deed Maker v1.0.0 by Techmin Wealth Partners. No logo is printed.
• Security: Content Security Policy that allows only Razorpay and Google Apps Script for payment, clickjacking guard, referrer policy, safe reading of backup files. Card details go only to Razorpay and are never seen by this tool.
• After payment the deed is locked. Validate and Withdraw the confirmation are switched off, entries cannot be edited, and Start a new deed (with a new payment) releases the lock. The confirmation box says so before you pay.
• Activity log page: a record of validation, confirmation, payment, unlocking and each download, with a CSV download. Payment and download events are also reported to Techmin with the payment ID for invoicing and support. No deed text is sent.
• Receipt panel after payment showing the payment ID, order and amount. Techmin is alerted to each sale with the billing details so that the invoice can be issued.

1. Purpose

• This tool helps you prepare a first draft of a partnership deed for a firm of individuals. You answer questions about the firm and the partners, the tool checks the answers, and it writes the deed. It is a drafting aid. It does not register the firm, buy stamp paper or give legal advice.

2. What the tool considers, and what it cannot do

• The tool applies the main rules of the Indian Partnership Act, 1932 (for example sections 4, 7, 9, 11 to 13, 16, 25, 30 to 33, 36, 40 to 44, 48, 58 and 69), the limit of 50 partners under the Companies (Miscellaneous) Rules, 2014, the capacity to contract under the Indian Contract Act, 1872, the tax rules for interest and remuneration to partners under the Income-tax Act, 1961 and the Income-tax Act, 2025 (interest at not more than 12 per cent simple, remuneration only to working partners, authorised by the deed and only from its date, within the limits of the law), the Arbitration and Conciliation Act, 1996, and the Indian Stamp Act, 1899 and the Registration Act, 1908 as pointers.
• It also raises warnings on the Emblems and Names (Prevention of Improper Use) Act, 1950, regulated activities and professions, and foreign exchange rules (FEMA).

3. How to use it, step by step

1. Open the tool in Chrome, Edge or another modern browser. Select Load an example to see how a finished entry looks, or start with your own details.
2. Firm: enter the name of the firm, the State, the business, the address, the date and place of the deed and the date the business starts.
3. Partners: add each partner with name, parent or spouse, age, address, PAN, capital, share of profit, and whether the partner works in the business. Tick Authorised signatory for each partner who may sign for the bank. Add a minor only to give a minor a share of profit.
4. Terms: choose interest on capital, remuneration, how losses are shared, the bank signing authority (any one, any two jointly, all jointly, or single up to a limit and joint above it), the notice to retire, goodwill, registration, any restraint on a retiring partner, and how disputes are settled.
5. Bank and GST letters: enter the bank, the branch, the date of the letter, the date and time of the partners' meeting, the authorised signatory for GST, the place and the date. Use Preview to read each letter on the screen.
6. Validate: select Validate at the top of any page at any time while drafting. Read the errors, warnings and spelling and grammar notes on the Check and download page, and use Go to the field to correct each one. Repeat until there are no errors.
7. Confirm: read the deed on the Preview. Tick the confirmation box and select Confirm. If you change anything after this, validate and confirm again.
8. After payment: the deed is locked so that the paid document matches what you confirmed. Validate and Withdraw the confirmation are switched off and the entries cannot be changed. You can still read every page, use the tax calculator and download the documents. To prepare another deed select Start a new deed; it clears the entries and needs a new payment.
9. Pay: review the payment terms and tick the box to accept them, enter your billing details and email, and select Pay Rs. 599 now. The Pay button is active only after the deed is confirmed. Pay in the Razorpay window with a card, UPI or net banking.
10. Download: when the payment succeeds the downloads unlock at once and the unlock code is emailed to you. Download the deed, the bank letter, the bank account resolution and the GST declaration as Word files. Each document can be downloaded up to 5 times. If the page was closed, open the tool again on the same browser, go to Check and download, and enter the code from the email in the box Payment and downloads.
11. Have the deed reviewed by a lawyer or chartered accountant, print it on the stamp paper of your State, and have all the partners and two witnesses sign it. Print the letters on the letterhead of the firm.

4. How the main checks work

• Profit shares must total exactly 100. If losses are shared in a different ratio, those shares must also total 100.
• Interest on capital is simple interest. A rate above 12 per cent is refused, because the excess is not allowed as a deduction.
• Remuneration is for working partners only. Choose one method for the firm: a fixed amount a month for each, or shares of the most the law allows. In the first method the deed pays the lower of the fixed amount and the allowable amount.
• A person under 18 cannot be a partner. A minor can be given a share of profit, and the deed explains the minor's position and the choice to become a partner within six months of reaching 18.
• The firm name must not use Limited, Private, Pvt or LLP. A name with words such as bank, insurance or government gets a warning.
• Bank signing authority: if the rule is joint operation, or single operation up to a limit, at least two partners must be ticked as authorised signatories. For the limit rule, enter the rupee amount (PD-E607, PD-E609).
• The letters need the bank, the branch, the date of the letter and, for the resolution, the date and time of the meeting (PD-E601, PD-E602, PD-E608).
• Spelling and grammar: the tool looks up each word in a dictionary of about 128,000 words, including Indian-English spellings such as authorised and organisation, and suggests the nearest correct word. Names, places and capital-letter short forms are not marked. It cannot judge meaning, so it does not replace a lawyer's review (PD-E701, PD-E702).

5. Stamp paper, signing and registration

• A partnership deed is stamped under Article 46 of the Schedule to the Indian Stamp Act, 1899 as it applies in your State. The duty and the way to pay it (stamp paper or e-stamping) differ by State, so the tool does not work it out. Ask the State stamp office or an authorised e-stamping agent.
• All partners sign, with two witnesses. Registration of the firm with the Registrar of Firms is optional, but an unregistered firm cannot sue third parties to enforce its rights (section 69).
• The checklist you can download also lists the PAN, TAN, GST and other registrations to consider.

6. The documents the tool prepares

• Partnership deed: 21 clauses, two schedules (capital and shares; remuneration and authorised signatories), a signature block for every partner and two witnesses on the last page.
• Letter to the bank: asks for a current account, lists the partners with PAN, states joint and several liability, gives the mode of operation with a table for specimen signatures, an undertaking to report changes, and the documents enclosed.
• Bank account opening resolution: follows the usual bank format. It records the meeting of the partners, opens the account, authorises the named partners singly or jointly, lets the bank honour instructions until it is told of a change, allows digital banking, ATM and debit cards, and says that a certified copy goes to the bank with the KYC documents. All partners sign it and the firm's seal is placed on it.
• GST authorised signatory declaration: all the partners declare the authorised signatory for the firm under the Central Goods and Services Tax Act, 2017 and the State or Union Territory Act, and the signatory signs an acceptance on the second page.
• Execution checklist (free): stamp paper, signing, witnesses, registration and other registrations. Banks and the GST portal may ask for their own format; use these as the covering letter or the declaration and follow any format they require.

7. Payment, unlock code and billing details

• Preview is free. Validate and confirm the deed first, then pay Rs. 599 to download the deed and the three letters as Word files. Each document can be downloaded up to 5 times.
• The payment page opens inside this page (Razorpay). Pay by card, UPI or net banking. Your card or UPI details go only to Razorpay.
• After a successful payment the downloads unlock on that browser, and an email with the unlock code is sent to the address you gave. Keep the code private. It unlocks downloads in the browser where it is entered; on another browser or device enter it again.
• If the payment is taken but the downloads do not unlock, enter the code from the email. If no email arrives within a few minutes, check the spam folder, then write to Techmin with the payment id shown by Razorpay.
• Payments are live and real: Rs. 599 is charged to your card, UPI or bank account on Razorpay. After payment you see a receipt on the screen with the payment ID. Techmin issues the invoice using your billing details. Keep the payment ID for reference.
• The payment terms and conditions are shown before payment and must be accepted. In short: the fee is for use of the software only and does not include legal, tax or accounting advice, document review, registration, stamp duty or any support, and there is no guarantee that any bank, authority or institution will accept a document.
• Billing details: name, address, pincode, GSTIN if any, email and mobile are asked for the invoice. Techmin keeps them only to issue the invoice, for tax and accounting records and to send the unlock code.
• Activity log: the Activity log page lists what was done on this device (validate, confirm, withdraw, payment, unlock, each download). Download it as a CSV. Payment and download events, with your payment ID, are also reported to Techmin. The deed text is never sent.
• The final Word files carry no DRAFT header and no Generated using footer; each page shows only its page number.

8. Your data

• The firm and partner details you enter, the deed and the letters stay in this browser. They are not sent to Techmin or to any server. Names, addresses and PAN numbers are personal data, so keep backups and any save file on a device only you can use.
• Only the billing details entered at payment are sent, to Techmin, for the invoice. See Billing details above.
• Use Download backup to keep a copy of your entries, and Restore backup to bring it back. Clear all data deletes the entries from this browser.

9. Limits

• Up to 60 rows in all (50 partners and minors).
• The tool prepares deeds for individuals. A company, a trust, a HUF or a limited liability partnership as a partner needs a different deed.
• The unlock is kept in the browser. Clearing the browser data removes it; enter the emailed code again.
• The rules and rates are those known when this version was made (28 October 2026). Laws change. Check the current law before you rely on the deed.
• The download limit of 5 for each document is counted in the browser where the code was entered. Clearing the browser data resets it.

10. If something goes wrong

• Every message shows a code such as PD-E301. Open the Error codes tab for the meaning and the fix. The same table is in the release notes PDF.
• The deed cannot be created: fix the errors listed on the Check and download page (PD-E301).
• A letter cannot be created: complete the fields marked in red on the Bank and GST letters page (PD-E601 to PD-E609).
• The payment did not complete (PD-E510): if the payment failed, any amount debited is returned by your bank or Razorpay as their rules provide. Try again or use another method.
• The payment could not be started or confirmed (PD-E511): check the internet connection and try again. If money was taken, the code is emailed to you.
• The code is not valid (PD-E509): check the 12 letters and digits; letters O and I are not used.
• The deed or Validate is greyed out after payment (PD-E515): this is by design. Choose Start a new deed to prepare another, which needs a new payment.
• The Pay button is not active (PD-E513): select Validate, correct the errors, tick the confirmation and select Confirm.
• The download limit has been reached (PD-E514): each document can be downloaded 5 times. Preview and the free checklist are not limited. A new deed needs a new payment.
• Spelling or grammar notes (PD-E701, PD-E702): read the text shown. Correct a real mistake in the field named, or ignore a note for a name or a place.

Disclaimer

A drafting aid, not legal advice

Partnership Deed Maker is provided by Techmin Wealth Partners and Techmin HR Solutions (A Subsidiary of Techmin Wealth Partners) as a drafting aid. It is not legal, tax or professional advice, and it does not create a lawyer-client or adviser-client relationship. The deed it writes is a draft. It must be read and settled by a lawyer or a chartered accountant before anyone signs it.

No promise of compliance

The software applies the main rules of the Indian Partnership Act, 1932 and certain tax and company-law limits that were known when this version was made. No software can promise that a document complies with every Act and rule in India. State stamp and registration laws differ, a profession or business may have its own regulator, and the law changes. You are responsible for the facts you enter, for the terms you choose and for checking the current law.

Stamp duty, registration and filings

The software does not work out stamp duty, does not register the firm and does not file anything with any authority. An unstamped or insufficiently stamped deed may not be admitted in evidence. Follow the State stamp and registration rules.

No warranty and limit of liability

The software is provided as is, without warranty of any kind. Techmin Wealth Partners and Techmin HR Solutions accept no liability for any loss, dispute, penalty, tax or other consequence of using it or the deed it produces.

Your data

Data is processed and stored in your browser and is not sent to a server by this software. It includes personal data such as names, addresses and PAN numbers. Browser data can be lost and can be read by anyone using the same browser profile. Keep backups and any save file on a device only you can use.

Privacy notice for billing details

At payment you are asked for your name, address, pincode, GSTIN if any, email and mobile number. Techmin Wealth Partners keeps these details only to issue your invoice, for tax and accounting records, and to send you the unlock code. The firm and partner details, the deed and the letters you prepare stay in your browser and are not sent to Techmin. Card and UPI details go only to Razorpay. Payment and download events (the activity, the time and the payment ID, without any deed text) are also reported to Techmin for invoicing and to keep a record.

Payment terms and conditions (Partnership Deed, Rs. 599)

Service: Partnership Deed – ₹599

By accessing this payment page and proceeding with payment, the customer agrees to the following Terms and Conditions.

1. Scope of Payment

The payment of ₹599/- applies only to the specific service or purpose expressly described on this payment page. It does not include any service, document, deliverable or assistance that has not been specifically agreed to in writing by TECHMIN WEALTH PARTNERS.

2. No Partnership Deed Preparation or Support

Unless separately agreed to in writing, payment of ₹599/- does not include the drafting, preparation, review, correction, modification or execution of a Partnership Deed. It does not entitle the customer to legal consultation, tax advice, accounting advice, document preparation, registration assistance, telephone support, email support, WhatsApp support or any other personal assistance.

3. No Post-Payment Support

No follow-up, troubleshooting, clarification, consultation or post-payment support is included in the fee. Any additional service requested by the customer shall be subject to separate acceptance, availability and charges agreed upon in writing.

4. Customer's Responsibility

The customer is responsible for independently determining the requirements applicable to their proposed partnership, obtaining appropriate professional advice, verifying all information and documents, and complying with applicable laws and regulations.

5. No Warranty or Guarantee

Except for any rights or warranties that cannot legally be excluded, TECHMIN WEALTH PARTNERS makes no express or implied guarantee regarding the legal validity, enforceability, completeness, suitability or acceptance of any document or transaction associated with the service. No guarantee is provided regarding registration, approval or acceptance by any government authority, bank or other institution.

6. Registration and Government Charges

The fee does not include stamp duty, registration fees, notarisation charges, government fees, advocate's fees or other third-party charges unless expressly stated in writing. Payment does not constitute registration of a partnership firm with the Registrar of Firms or any other authority.

7. Fees, Cancellation and Refunds

Customers must carefully read the payment page and service description before making payment. Cancellation and refund requests will be considered in accordance with the actual service provided, the disclosed refund policy and applicable law. Nothing in these terms removes any refund or other rights available to the customer under applicable law.

8. Limitation of Liability

To the maximum extent permitted by law, TECHMIN WEALTH PARTNERS shall not be liable for indirect or consequential losses arising from the customer's use of, or reliance on, the service. Nothing in these terms excludes liability where such exclusion is prohibited by law.

9. Third-Party Services

Any payment processing service is subject to the applicable terms and policies of the relevant payment service provider. TECHMIN WEALTH PARTNERS is not responsible for third-party service interruptions beyond its reasonable control, subject to applicable law.

10. Acceptance of Terms

By proceeding with payment, the customer confirms that they have read and understood these Terms and Conditions, the payment amount, the scope of the service and all stated exclusions.

11. Amendments

TECHMIN WEALTH PARTNERS reserves the right to update these terms prospectively where necessary, subject to applicable law. The terms applicable to a transaction shall be determined in accordance with the terms disclosed and accepted at the time of payment.