Bkz all other answer is wrong ... bkz 2 convict never done partnership, one fine n one mental person's not in partnership act 1932

Formation of Partnership under the Indian Partnership Act, 1932

Introduction:
The Indian Partnership Act, 1932 is the governing law that regulates partnerships in India. It provides guidelines and rules for the formation, operation, and dissolution of partnerships. In order to form a valid partnership, certain conditions must be met, including the composition of the partnership.

Conditions for Partnership Formation:
According to Section 4 of the Indian Partnership Act, 1932, the following conditions must be fulfilled in order to form a partnership:

1. Agreement: There must be an agreement between two or more persons to carry on a business.
2. Profit-Sharing: The business must be carried on with the motive of earning profits, which are to be shared among the partners.
3. Lawful Business: The business must be lawful and not against public policy.

Formation of Partnership with One Indian and Two Foreigners:
The correct answer to the given question is option 'A', i.e., partnership can be formed with one Indian and two foreigners. This is because the Indian Partnership Act does not impose any restriction on the nationality of the partners. Therefore, a partnership can be formed with individuals from different nationalities, including both Indians and foreigners.

Formation of Partnership with One Major Person and One Person of Unsound Mind:
The answer option 'B', i.e., formation of a partnership with one major person and one person of unsound mind, is incorrect. According to Section 11 of the Indian Contract Act, 1872, a person of unsound mind is incapable of entering into a valid contract. Since a partnership is essentially a contractual relationship, a person of unsound mind cannot be a partner in a partnership.

Formation of Partnership with Two Convicts Undergoing Imprisonment:
The answer option 'C', i.e., formation of a partnership with two convicts undergoing imprisonment, is incorrect. Section 11 of the Indian Contract Act, 1872, states that a person who is disqualified by law from entering into a contract cannot become a partner in a partnership. As convicts undergoing imprisonment are disqualified by law, they cannot form a partnership.

Conclusion:
In conclusion, under the Indian Partnership Act, 1932, a partnership can be formed with one Indian and two foreigners. However, partnerships cannot be formed with one major person and one person of unsound mind, or with two convicts undergoing imprisonment, as they do not fulfill the necessary conditions for partnership formation. It is important to comply with the legal requirements and conditions specified under the Indian Partnership Act in order to form a valid and legally recognized partnership.