Can a liabilty of a parnter who contributes capital alone and does not take part in running business (sleeping partner) be limited if expressly mentiioned in parntership deed?
1 Replies
Mihir Manohar
(CA Final - Article Assistant)
(474 Points)
Replied 25 June 2012
Not at all possible!!!!!!!! under INDIAN PATNERSHIP ACT,1932.
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