Partnership deed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2011
hi expert,
if there is provision in partnership deed regarding interest on partner's capital that interest on partner's capital should be paid @ 12 % so it is Compulsory to paid interest on partner's capital or not.....
if all partner's decide to not tack interest on there capital....without changing partnership deed.....
it is valid or not.........
if there is provision in partnership deed regarding interest on partner's capital that interest on partner's capital should be paid @ 12 % so it is Compulsory to paid interest on partner's capital or not.....
if all partner's decide to not tack interest on there capital....without changing partnership deed.....
it is valid or not.........
Dintakurthi Tirumala
(Expert)
13 September 2011
As per partnership act partners are eligible for getting maximum interest @12% subject to partner sheep deed. i.e. partners can get less than 12%. So there is no compulsory paid interest on partner's capital eventhough in the deed but depending on the mutual agreement of all the partners.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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