📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug âš¡ Enroll Now

    Question

    A minor may be admitted to the benefit of a 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.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call