FUNDamentals of partnership

1. HI BACHO ME NANA
PATEKAR
AAP SAB KO 1ST
CHAPTER
KRAUNGA

2. HAN PAR 1 BAAT PHN BAND
HONA CHAYIE MATLAB OFF

4.  Jab 2 ya jyada log milkar kaam kare &
to earn profits. & moreover it is
Governed by Indian Partnership Act
1932.

5.  1) Agreement:- Boley to bhai humare beech me ye
agree hona chahiye ki kya karna hai, kaise karna
hai & kaun karega etc. ab ye agreement written ya
oral koi dikat nahi.

 2) Two or more persons:- Kam se kam 2 log hone
chaiye & jyada se jyada 10 in banking & 20 in
other kinds of business.

 3) Lawful Business:- Partnerships sirf legal
business k liye hai.

 4) Sharing of profits:- Partnership sir profits k liye
hoti hai, there can be no partnerships for
charitable, religious purpose


7. Partnership deed
Partnership deed is the document containing the partnership
agreement among partners.
It contains terms & conditions which are agreed upon by all the
partners, Viz., right, duties, powers and obligations of each and
every partner.
It also contains the rules and regulation through which the
business of firm is governed and managed.

8. (i) Name of the firm.
(ii) Name and addresses of the
partners.
(iii) Nature and place of the business.
(iv) Duration of partnership, if any.
(V)Profit sharing ratio of partners
(vi) Interest, if any, on partners capital,
drawings and loans.
(vii) Rules to be followed in cases of
admission, retirement or death of a
partners.
(viii) Mode of settlement of disputes
among the partners.
(ix) Salaries, commissions, etc. payable
to any partner.
FOLLOWING points that must be incorporated in the deed are:-

9. ABSENCE OF PARTNERSHIP DEED
NO REMUNERATION TO
PARTNERS
NO INTEREST ON CAPITAL TO
PARTNERS
NO INTERTEST ON DRAWINGS OF
PARTNERS
MAXIMUM 6% INTEREST ON
LOAN
PROFIT SHARING RATIO EQUAL

10. Ab tumko apney
simple style
mein smjhata
hoon partnership
deed

11. Partnership deed kuch nahi hai bas ye wo
batien hain jo partners kaam karney se
pehle aapas me he decide kartey hain.
Like
1) Firm ka naam
2) Place of business
3) Profit sharing
4) interest on capital
5) remuneration to partners {boley to
salary , commission )
Now see yaar agar ye DEED naa ho toh
1 Partners ko koi remuneration nahi
mileygi
2 No interest on capital
3 Max 6% p.a interest on loan
Profit sharing equal
4 no interest on drwaings `

12. UMEED HAI
PARTNERSHI
P DEED BHI
CLEAR HO
GYA HOGA