Under Indian Partnership Act 1932, a minor
Verified Answer
A. May not be a partner but with the consent of all partners may be admitted to the benefits of a partnership
B. May not be a partner but may be admitted to benefits of firm even without consent of the partners
C. Can be admitted to the benefits of a partnership only where it is a partnership at will
D. Can neither be a partner nor be admitted to benefit of partnership
Explanation:
Section 30 of the Indian Partnership Act, 1932, states that a minor cannot be a partner in a firm, but with the consent of all existing partners, he may be admitted to the benefits of the partnership.