**Reconstitution of a Partnership Firm: Admission of a Partner**

**Introduction**
The partnership between Sarthak and Vansh is being reconstituted with the admission of Mansi as a partner. This reconstitution is required due to the special needs of Sarthak and Vansh, which make it difficult for them to run the business on their own. The new partnership will involve sharing the profits in a ratio of 2:1 between Sarthak, Vansh, and Mansi.

**Admission of Mansi as a Partner**
Mansi, a common friend, has decided to help Sarthak and Vansh by becoming a partner in their business. Her admission as a partner will bring in additional resources, expertise, and support to facilitate the smooth functioning of the business. Mansi will be entitled to a 1/3 share of the profits, while Sarthak and Vansh will continue to share the remaining 2/3 in the ratio of 2:1.

**Benefits of Mansi's Admission**
The admission of Mansi as a partner offers several benefits to the partnership:

1. Additional Resources: Mansi will bring in additional financial resources, which can be utilized for expanding the business, investing in new ventures, or meeting any financial requirements of the partnership.

2. Expertise and Support: Mansi's skills, knowledge, and experience in the relevant field can contribute to the growth and development of the business. Her input can help in making informed decisions, implementing effective strategies, and overcoming challenges.

3. Sharing of Responsibilities: With the entry of Mansi, the workload can be distributed among the partners, reducing the burden on Sarthak and Vansh. This will enable them to focus on their individual abilities and contribute effectively to the partnership.

4. Stability and Continuity: The admission of Mansi ensures the stability and continuity of the partnership. In case of any unforeseen circumstances or incapacity of Sarthak or Vansh, Mansi can provide the necessary support to ensure the smooth functioning of the business.

**Profit Sharing Ratio**
The profit sharing ratio in the reconstituted partnership will be 2:1:1 between Sarthak, Vansh, and Mansi respectively. This means that out of the total profits earned by the partnership, Sarthak will receive 2/4th, Vansh will receive 1/4th, and Mansi will receive 1/4th share.

**Conclusion**
The admission of Mansi as a partner in the reconstituted partnership brings in additional resources, expertise, and support to enhance the functioning of the business. The profit sharing ratio is determined based on the agreed terms, with Sarthak and Vansh sharing the majority of the profits and Mansi receiving a fair share. This reconstitution ensures the stability, continuity, and growth of the partnership.