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A new partner may be admitted to a partnership:
with the consent of all partners
with the consent of 2/3rd of old partners
with the consent of any one of the partner
without cosent of old partners
According to the Partnership Act 1932, a new partner can be admitted into the firm only with the consent of all the existing partners unless otherwise agreed upon. With the admission of a new partner, the partnership firm is reconstituted and a new agreement is entered into to carry on the business of the firm.
By: SWAPNIL AGGARWAL ProfileResourcesReport error
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