A minor may be admitted to the benefit of a partnership

Q: Answer-A minor may be admitted to the benefit of a partnership firm :

Section 30 in The Indian Partnership Act, 1932A person who is a minor according to the law to which he is subject may not be a partner in a firm, but, with the consent of all the partners for the time being, he may be admitted to the benefits of partnership.

firm :

A with the consent of all existing partners Correct Answer Incorrect Answer

B With the consent of majority of partners Correct Answer Incorrect Answer

C By inheritance under a will Correct Answer Incorrect Answer

D By the direction of the court Correct Answer Incorrect Answer

Solution

Section 30 in The Indian Partnership Act, 1932:A person who is a minor according to the law to which he is subject may not be a partner in a firm, but, with the consent of all the partners for the time being, he may be admitted to the benefits of partnership.

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