Question

(PYQ) Under the Partnership Act, 1932, a new partner can

Q: Answer-(PYQ) Under the Partnership Act, 1932, a new partner can be introduced into a firm:

Section 311 of the Partnership Act states that subject to contract between the partners and to the provisions of Section 30 regarding minors, no person shall be introduced as a partner into a firm without the consent of all the existing partners.

be introduced into a firm:

A By the decision of the senior-most partner

B By a majority vote of the partners

C Only with the consent of all the existing partners

D By the order of the Registrar of Firms

E Only after 5 years of firm's existence

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(PYQ) Under the Partnership Act, 1932, a new partner can

Solution