partnership deed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 April 2010
Is there a minimum capital requirement for forming a partnership deed. would a sum of fifteen thousand suffice for forming a partnership deed.
Amit Bajaj
(Expert)
02 April 2010
Yes its sufficient. No minimum or maximum limit required to form partnership firm
Message likes :
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Guest
Guest
(Expert)
02 April 2010
To from a partnership deed you don't need any capital. further there is no minimum capital requirement fixed by act. It is the requirement of the business that how much capital all the partners will contribute for the said business.
02 April 2010
yes no limit but....value of stamp duty depend upon capital which are contributed by all partner
CA Ravi Sisodia
(Expert)
02 April 2010
Agreed
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