In accordance with the Indian Partnership Act of 2013 u/s 13 (c), partners cannot benefit from interest on their capital if there is no act of partnership or if the act has remained silent. In the case of questions relating to the operation, any partner may have the right to be consulted. In addition, each partner has the right to express its point of view before other partners. Sometimes there are disagreements between the partners. If it is an ordinary matter, it can be settled by a majority of partners, whereas it can only be settled with the agreement of all partners if it is a fundamental issue. Any partner in a business partnership may, in accordance with the law, access and consult each of the firm`s books. It can be exercised either by the partner himself or by his authorized representative. Partners may not object to the viewing of books by a partner`s agent unless they have reasonable reason to believe that the trade secrets may have been disclosed. Each partner is entitled to an equal share in the profits of the company. At the same time, the partners are also liable for all losses suffered by the company, unless otherwise agreed under the social contract. 1.
If a member of an undertaking has died or otherwise ceased to be a partner and the surviving or continuing partners continue the operations of the undertaking with their capital or assets without final settlement between the company and the outgoing partner or his succession, the outgoing partner or his succession, at his choice, or to his representatives, the Committee on Social Affairs, Research and Employment, Research and Research policy, research and research policy, research and research and research, is entitled to such a share in the activities carried out since the dissolution of 1999, research and information. A partner who, in addition to the amount of his capital, pays an additional advance to the company for commercial purposes, is entitled to receive an interest rate of 6% per year. It is payable on the property of the business, as if it were an expense. .