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Partnership

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(Querist)
11 January 2010 While drafting Partnership Deed whether we should specify the fixed capital amount in the Capital Clause?
Under which section it is compulsory?
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
11 January 2010 If you wants to make capital fixed then it is compullsory. otherwise not.
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manojagatheeswari

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manojagatheeswari (Querist)
11 January 2010 Thank you sir.
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manojagatheeswari

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manojagatheeswari (Querist)
11 January 2010 Which section of the Partnership act makes it compulsory?

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