A Deed of Partnership states that interest shall be paid on amounts brought in by Partners by way of Capital,Loan,Advance or Deposit.But no interest shall be paid to Parners in the event of a Loss to the Partnership Firm.
Does it cover Partners Capital Only or is applicable to Loans,Advances and Deposits given by Partners?

Can the Deed be amended to enable payment of Interest in the event of a Loss without contravening any provision of any law?

Hi,
I am a director of a pvt ltd company. There are only 2 directors in this company, me and my colleague. Now the other director wants to resign.
We are appointing a new director in place of her.
I would like to know the procedure.
The new proposed director has already got his DIN on email. Can we make him a director now?
Are we supposed to first make him the director and then take the other director's resignation or can we take the resignation and appoint a new director in the same board meeting under the same resolution?
Do we have to first file the form 32 or can the director be appointed first?
Also the retiring director is one of the authorized signatories in our company bank account. what is the procedure for her removal as authorized signatory?

What are the activities which are covered under the automatic route and which activities required prior approval of the Government?

while reading law i came across words "acts involving moral turpitude"

plz explain the meaning

while reading law i came across words "acts involving moral turpitude"

plz explain the meaning

while reading law i came across words "acts involving moral turpitude"

plz explain the meaning

while reading law i came across words "acts involving moral turpitude"

plz explain the meaning

If a partnership agreement stipulates that no interest can be paid to the partners on their capital if there is a Loss in the Firm,can the agreement be modified? In other words,can interest be paid if the Partnership Firm shows a loss in its Books?Are there any restrictions imposed by the Income Tax Act in this regard besides rate not to exceed 12% /

Please clarify the differences between Public Limited Company and the Private Limited Company.

Sir,

A Public Trust under Bombay Public Trust is registered at Thane Maharashtra with the main Aim and objective to start a Polytechnic and/or ITI institute from the next Academic year and to be established in Varanasi, Uttar Pradesh.

Experts advise is solicited to have through knowledge with regard to (1) What are the legal formalities are to be completed. Many thanks in advance.