Partner's capital
This query is : Resolved
Swarup Dutta
(Querist)
05 May 2011
Are there any limitation for non working partner regarding capital contribution ration with total firm's capital?
CA SAURABH GARG
(Expert)
06 May 2011
No there is no limitation for anybody whether working or non working partner.
06 May 2011
IF PARTNER INTRODUCED CAPITAL SO ITS capital contribution ration with total firm's capital
CA. Krishna K Neeraj
(Expert)
06 May 2011
It depends upon terms and conditions agreed upon or incorporated in partnership deed. There is no provision in the Partnership Act in this regard.
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