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Minor Admitted to the Benefit of a Partnership
Can a minor be a full partner in a partnership firm under the Indian Partnership Act, 1932?
No, a minor cannot be a full partner in a partnership firm because a minor lacks contractual capacity. However, a minor may be admitted to the benefits of an already existing partnership with the consent of all partners.
Which Act governs the admission of a minor to the benefits of a partnership in India?
The Indian Partnership Act, 1932 governs it.
Under which section of the Indian Partnership Act, 1932 is a minor admitted to the benefits of partnership?
Section 30 of the Indian Partnership Act, 1932 deals with the admission of a minor to the benefits of a partnership.
What is the minimum age at which a person ceases to be a minor under Indian law?
Eighteen years of age under Indian law.
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