The clauses of partnership deed can be altered with the consent of:

All the partners

Correct answer: Option (2) → All the partners

Concept: Alteration of the Partnership Deed, from Accounting for Partnership: Basic Concepts.

NCERT states that “the clauses of partnership deed can be altered with the consent of all the partners.” A partnership rests on mutual agreement, so no clause can be changed unilaterally or by any outside authority such as the Registrar of Firms, SEBI or the Ministry of Corporate Affairs. Hence Option (2).