Identify the way by which the clauses of partnership deed can be altered.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → On the basis of all the partners' consent
The partnership deed is an agreement among all the partners, so a clause can be changed only when all the partners agree.
Why the other options are incorrect
Option (1) On the basis of majority partners' consent — Incorrect. A majority cannot change the terms that bind the others.
Option (2) On the basis of registrar of companies consent — Incorrect. The Registrar of Companies deals with companies, not partnership firms.
Option (4) Clauses of partnership deed cannot be altered — Incorrect. The deed can be altered with the consent of all.
NCERT (2026-27 edition): |