Question

R,S and T entered into a partnership for manufacturing and distributing educational CDs on Ist April2006. R looked after the business development,S content development and T financed the project at the end of the year (31 march 2007) R wanted a salary of? 5000 per month for the additional work he did.the other partners were not inclined to this.how would you reduce this within the ambit of the Indian partnership Act 1932?

Answer 1

The Indian Partnership Act provides that if in the partnership deed or agreement if the provision for the same i.e it is said that the partner will get the salary of Rs 5000 then the remaining partners must agree for the same. But if the partnership deed is silent then partner won't get anything.

In the present case, R won't be entitled to salary of Rs 5000 as it is assumed that nothing has been mentioned clearly in the Partnership Deed nor even in The Partnership Act.

Answer 2

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The Indian Partnership Act provides that if in the partnership deed or agreement if the provision for the same i.e. it is said that the partner will get the salary of Rs 5000 then the remaining partners must agree for the same. But if the partnership deed is silent, then partner won't get anything.

The Indian Partnership Act provides that if in the partnership deed or agreement if the provision for the same i.e. it is said that the partner will get the salary of Rs 5000 then the remaining partners must agree for the same. But if the partnership deed is silent, then partner won't get anything. In the present case , R won't be entitled to salary of Rs 5000 as it is assumed that nothing has been mentioned clearly in the Partnership Deed nor even in the Partnership Act.

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