Model Format of Fund & Expense Limitations

Model Format of Fund & Expense Limitations

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Model Format of Fund & Expense Limitations
Model Format of Fund & Expense Limitations

The undersigned consisting of the majority of the general and limited partners of _______________, a limited partnership agree:

That the general partners of _______________ shall maintain a reserve account with a minimum balance of Rs.______(_______________& ___/100 rupees) from initial capital which shall be placed in a separate, interest bearing account.

That the general partners, once the partnership begins operations shall establish a reserve account, which shall be deposited in a separate, interest bearing account. All profits from operations shall be deposited in this account until it reaches the sum of Rs.____(_________________&___/100 rupees)….

Note: This is just the part of the agreement. To get it drafted completely by legal experts, kindly contact the expert team of Aapka Consultant by clicking here

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