In the absence of a Partnership Deed, the provisions of the Partnership Act apply RULES /PRINCIPLES APPLICABLE IN THE ABSENCE OF A PARTNERSHIP DEED The rules applicable are contained in Section 28 and 29 of the Partnership Act 1 Profit and loss are shared equally 2 If a partner incurs liability while discharging the firm's obligations heAnswer In case of partnership deed is silent then section 2 of the Partnership Act 1932 will apply according to the Section partners are not provided with remuneration it is clearly mentioned that unless there is an agreement between the partners toRegistration of Partnership Deed All the rights and responsibilities of each member are recorded in a document known as a Partnership Deed This deed can be oral or written;
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