Explanation:

Within six months of attaining majority or of knowing that he has been admitted to the benefits of a partnership whichever is later, a minor can elect to become or not to become a partner. This option is exercised by giving a notice under section 72 of the Indian Partnership Silence or failure on his part to give notice will be treated as willingness to become a partner and he shall become a partner in the firm after six months. Towards the creditors of the firm, he becomes personally liable for all the acts of the firm from the date of his admission to the benefits of partnership. When he elects not to become a partner, his rights and liabilities continue to be the same as that of a minor up to the date of his giving public notice. Thereafter no liability arises or exists.