True. Yes as per the provisions of the law- it is necessary that the interest on loan at 6% per annum shall be paid to the concerned partner.
Appears in 2 contracts
Sources: Partnership Agreement, Partnership Agreement
True. Yes as per the provisions of the law- it is necessary that the interest on loan at 6% per annum shall be paid to the concerned partner.
Appears in 2 contracts
Sources: Partnership Agreement, Partnership Agreement