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According to Sec. 31, Indian Partnership Act, 1932, how can a new partner be admitted into a firm?
  • a)
    Only with the consent of the existing partners
  • b)
    Without the consent of the existing partners
  • c)
    With the consent of the majority of existing partners
  • d)
    By submitting an application to the government
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
According to Sec. 31, Indian Partnership Act, 1932, how can a new part...
Sec. 31 of the Indian Partnership Act, 1932, states that a new partner can be admitted into the firm only with the consent of all the existing partners unless otherwise agreed upon. This emphasizes the importance of unanimous agreement among existing partners for the admission of a new member.
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According to Sec. 31, Indian Partnership Act, 1932, how can a new partner be admitted into a firm?a)Only with the consent of the existing partnersb)Without the consent of the existing partnersc)With the consent of the majority of existing partnersd)By submitting an application to the governmentCorrect answer is option 'A'. Can you explain this answer?
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According to Sec. 31, Indian Partnership Act, 1932, how can a new partner be admitted into a firm?a)Only with the consent of the existing partnersb)Without the consent of the existing partnersc)With the consent of the majority of existing partnersd)By submitting an application to the governmentCorrect answer is option 'A'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about According to Sec. 31, Indian Partnership Act, 1932, how can a new partner be admitted into a firm?a)Only with the consent of the existing partnersb)Without the consent of the existing partnersc)With the consent of the majority of existing partnersd)By submitting an application to the governmentCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to Sec. 31, Indian Partnership Act, 1932, how can a new partner be admitted into a firm?a)Only with the consent of the existing partnersb)Without the consent of the existing partnersc)With the consent of the majority of existing partnersd)By submitting an application to the governmentCorrect answer is option 'A'. Can you explain this answer?.
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