According to Sec 30 of the Partnership Act quot at any time within 6 months of his attaining majorit...........

Indian Partnershoip Act (IPA) 1930 Others

According to Sec. 30 of the Partnership Act, "at any time within 6 months of his attaining majority or of obtaining knowledge that he had been admitted to the benefits of partnership, whichever date is later, a minor can elect to become or not to become a partner."

Such option is exercised by giving a public notice.

If he remains silent and fails to give . such a notice there is a presumption that he wants to be a partner and on the expiry of the said 6 months he shall become a partner in the firm.

If he did not exercise the Option, he will be deemed to become a partner in firm.

All are correct.

छोटे Courses बड़े Results

Master Others

Prepare through Micro-courses