Please let me know about Capital contribution in Partnership Act with section. can any one partner without capital contribution, when one partner capital contribute but second partner want not contribute in partnership but profit /loss sharing in equal ratio. can it possible as per partnership Act ? please Suggest me .
No, atleast some amount needs to be contributed towards capital. Be it Rs. 10,000/- only.
Aggarwal Sarawagi and Co
New Delhi
CA
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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