Capital contribution in partnership

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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 .

 

Replies (2)

No, atleast some amount needs to be contributed towards capital. Be it Rs. 10,000/- only.

partner can also contribute capital in kind such as introduction of car/furniture etc... into p'ship business


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