According to partnership act or any other rule what is the minimum percentage for a partner?


Junior Student

According to partnership act or any other rule what is the minimum percentage for a partner?

Can a partnership deed contain 2 partners with 99% ownership to one partner and 1% ownership to another partner?

Thanks for replies.

 

 
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student

asking about profit sharing ratio?
 
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yes, it can be there is no such requirement

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student

Yes it can be any ratio as decided by partners and mentioned in the partnership deed and in the absence of such psr is equal...

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Junior Student

Thanks a lot for the replies

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most welcome
 
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