Under the Indian Partnership Act, 1932, admission of a minor to the benefits of partnership requires:
Section 30(1) allows a minor to be admitted to the benefits of partnership "with the consent of all the partners for the time being". A majority is not enough, and neither…
Choose your answer
Under the Indian Partnership Act, 1932, admission of a minor to the benefits of partnership requires:
Answer and explanation
Correct answer B
Section 30(1) allows a minor to be admitted to the benefits of partnership "with the consent of all the partners for the time being". A majority is not enough, and neither the Registrar nor a court has to approve the admission.
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