Interest on capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2015
Do the firm have liability to pay interest on capital to its partners if the clause is not mentioned in partnership deed?
06 July 2015
No need to pay interest on capital if it is not mentioned in the deed.
05 October 2021
Its mandatory to have the interest clause in the deed.
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