The correct answer is Option (3) → All the partners
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A partnership deed is a contractual agreement between partners that defines their rights, duties, and obligations.
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As per the Indian Partnership Act, 1932, any change in the terms of the partnership deed (such as profit-sharing ratio, capital contribution, interest, etc.) requires the mutual consent of all partners.
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Neither the Government, nor the Registrar of Firms, has authority to alter the terms of a private partnership agreement.
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