In which of the following case, the claim is valid if the partnership agreement is silent?

Sanjay and Monika contributed 2,00,000 and 5,00,000 as capital respectively and Monika wants equal share.

The correct answer is option 3- Sanjay and Monika contributed 2,00,000 and 5,00,000 as capital respectively and Monika wants equal share.

Sanjay and Monika contributed 2,00,000 and 5,00,000 as capital respectively and Monika wants equal share- If the partnership agreement is silent, the share of profits and losses is distributed in the equal ratio instead of their capital contributions. Since they contributed different amounts, Monika would not be entitled to more share in profits unless the partnership agreement specifies so. The profit is shared between partners in 1:1.

If there is no clause in the partnership deed of the partnership firm then the provisions of the Partnership Act, 1932 will be applicable. Some of the provisions are:
a) Profit Sharing Ratio: In the absence of a specified profit sharing ratio in the partnership deed, the profits and losses of the firm will be divided equally among the partners, regardless of their individual capital contributions.
b) Interest on Capital: Unless explicitly stated in the partnership agreement, partners do not have the right to claim interest on the capital they have invested in the firm.
c) Interest on Drawings: If the partnership deed does not mention anything about charging interest on drawings made by partners, no interest will be levied on such withdrawals.
d) Interest on Loan: If a partner has provided a loan to the partnership for business purposes, they are entitled to receive interest on the loan amount at a rate of 6 percent per annum.
e) Remuneration for Firm’s Work: No partner is entitled to get salary or other remuneration for taking part in the conduct of the business of the firm unless there is a provision for the same in the Partnership Deed.