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Hello, I Person 'A’ is planning to do partnership for the period of 5 years with Person B with following terms and conditions, let me know if this is feasible and procedure.

As per section 13 All the partners are entitled for equal share in loss & profit in the absence of Agreement. Since Agreement is there and clauses are reasonable so terms and condition are sufficient. Section 58 tells about the process of the registration of Partnership Firm. The fee for registration under section 58 is INR 500, so only an INR 50 ...

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