A new partner can be admitted with the consent of........ partners in a partnership firm. |
All Majority Minor Any 5 partners |
All |
The correct answer is option 1- All. All partners must agree to admit a new partner. If any partner denies, then partner cannot be admitted in the firm because consent of all partners is necessary. According to the Indian Partnership Act, 1932, a new partner can be admitted only with the consent of all existing partners, unless there is an agreement stating otherwise. |