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Partnership

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HARITHA (Querist)
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10 February 2016 How much is the limit of drawings that a partner can withdraw???

Suresh Ramaswamy

Suresh Ramaswamy (Expert)
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13 February 2016 There is no limit on partners' drawings. However most partnership deeds have a restrictive clause and the firm is governed solely by its Partnership Deed and availability of cash. Most partnership deeds also have a clause charging interest to partner's who have overdrawn their capital.

However as per law there is no limit.

HARITHA (Querist)
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09 April 2016 K Sir,,,,,,,,,,,,,,thankyouuu

HARITHA (Querist)
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09 April 2016 And sry for late rplyy

Suresh Ramaswamy

Suresh Ramaswamy (Expert)
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14 April 2016 You are most welcome - this time I apologise as I had not logged in for about a week.

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