Whether there is any minimum interest clause in case of not mentioneing the interest part like in partnership 6% on partner capital?
Interest on partner capital
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No Minimum Interest Clause for Partner Capital in Corporate Laws, SEBI, and LLPs Without Specified Rate A query was raised regarding whether there is a minimum interest clause applicable to partner capital if the interest rate is not specified, similar to the 6% rate often applied in partnerships. The response indicated that, in the context of corporate laws, SEBI, and LLPs, there is no specific clause mandating a minimum interest rate for partner capital when not explicitly mentioned. (AI Summary)