Question

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

B With the consent of majority of partners

C By inheritance under a will

D By the direction of the court

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A minor may be admitted to the benefit of a partnership

Solution