CA Foundation Exam > CA Foundation Questions > For admitting a minor into the benefits of th...
Start Learning for Free
For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation?
Most Upvoted Answer
For admitting a minor into the benefits of the partnership ,which of t...
Consent for Admitting a Minor into Partnership
Explanation:
Consent of the Minor's Guardian:
- In order to admit a minor into the benefits of a partnership, the consent of the minor's guardian is essential. Since minors are not considered competent to enter into contracts, the guardian's consent is required to protect the minor's interests and ensure that the partnership agreement is legally valid.
Consent of the Registrar of Firms:
- The consent of the registrar of firms is not required for admitting a minor into the benefits of a partnership. The registrar's role is primarily related to the registration and regulation of partnership firms, and they are not directly involved in the decision to admit a minor as a partner.
Consent of All the Partners of the Firm:
- Another important requirement for admitting a minor into the benefits of a partnership is the consent of all the partners of the firm. Since the addition of a minor partner can impact the rights and obligations of the existing partners, their consent is necessary to ensure smooth functioning of the partnership.
Conclusion:
- In conclusion, the key requirement for admitting a minor into the benefits of a partnership is the consent of the minor's guardian, along with the consent of all the partners of the firm. This ensures that the minor's interests are protected and that the partnership operates effectively with the new addition.
Explanation:
Consent of the Minor's Guardian:
- In order to admit a minor into the benefits of a partnership, the consent of the minor's guardian is essential. Since minors are not considered competent to enter into contracts, the guardian's consent is required to protect the minor's interests and ensure that the partnership agreement is legally valid.
Consent of the Registrar of Firms:
- The consent of the registrar of firms is not required for admitting a minor into the benefits of a partnership. The registrar's role is primarily related to the registration and regulation of partnership firms, and they are not directly involved in the decision to admit a minor as a partner.
Consent of All the Partners of the Firm:
- Another important requirement for admitting a minor into the benefits of a partnership is the consent of all the partners of the firm. Since the addition of a minor partner can impact the rights and obligations of the existing partners, their consent is necessary to ensure smooth functioning of the partnership.
Conclusion:
- In conclusion, the key requirement for admitting a minor into the benefits of a partnership is the consent of the minor's guardian, along with the consent of all the partners of the firm. This ensures that the minor's interests are protected and that the partnership operates effectively with the new addition.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation?
Question Description
For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation?.
For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation?.
Solutions for For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation? defined & explained in the simplest way possible. Besides giving the explanation of
For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation?, a detailed solution for For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation? has been provided alongside types of For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation? theory, EduRev gives you an
ample number of questions to practice For admitting a minor into the benefits of the partnership ,which of the following is required? (a) consent of the minor's guardian (b) consent of the registrar of firms (c) consent of all the partners of the firm (d) all of the above Answer with explanation? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup