Section 22
Share Of Profit And Loss
(1) In the course of sharing the profit and loss between/among partners it shall be shared in a manner as referred to in the agreement, if any and it shall be shared on the prorata basis if such
provision does not exist in the agreement.
(2) Where there is an agreement between/among partners in respect of interest on the capital subscribed by a partner in the course of promoting of the partnership, such an interest shall be paid only out of the profit.
provision does not exist in the agreement.
(2) Where there is an agreement between/among partners in respect of interest on the capital subscribed by a partner in the course of promoting of the partnership, such an interest shall be paid only out of the profit.