Consider the following contents relating to the Partnership Deed.

(A) It contains the names and addresses of the firm and its main business
(B) It contains the Names and Addresses of the Directors of the firm
(C) It contains the capital to be contributed by each partner
(D) It contains the profit and loss sharing ratio
(E) It does not contains the rules regarding operation of Bank Account

Choose the correct answer from the options given below:

(A), (C) and (D) only

The Partnership Deed is a comprehensive document that outlines important details pertaining to the partnership. It typically includes the following information:

Firm name, address, and main business details.
Names and addresses of all partners involved.
Capital contribution of each partner.
Duration of the partnership and the accounting period.
Commencement date of the partnership.
Guidelines for operating bank accounts.
Profit and loss sharing ratio among partners.
Interest rates on capital, loans, and partner drawings.
Appointment procedures for auditors, if applicable.
Salaries, commissions, or other payments to partners.
Rights, responsibilities, and liabilities of each partner.
Handling of losses resulting from the insolvency of a partner.
Settlement of accounts in the event of partnership dissolution.
Dispute resolution methods among partners.
Procedures for admission, retirement, or death of a partner.
Any other pertinent matters related to the partnership's operations.

While the partnership deed typically covers all aspects of the partners' relationship, in cases where certain matters are not explicitly addressed, the provisions of the Indian Partnership Act, 1932 shall apply.