In the Presence of an Agreement Interest on Capital Is to Be Provided from

In the absence of a corporate act, establish the rules for: (i) profit and loss sharing. (ii) Interest on the Principal of the Partner. (iii) Interest on Partner`s subscriptions. (iv) Interest on the loan(v) From the Associate Salary to a Partner. (ii) Interest on the principal of the partner: If the deed of partnership does not contain interest on the principal of the partner, then, according to the Partnership Act of 1932, no capital interest is to be paid to the shareholders of the partnership. (i) Profit and loss split: If the company deed is silent on the distribution of profits or losses among the members of a company, then, according to the Partnerships Act of 1932, profits and losses must be shared equally by all shareholders of the company. . . .