CUET Preparation Today
| How a New Partner may be admitted into a partnership firm? |
with the consent of anyone partner with the consent of a majority of partners With the consent of all old partners With the consent of 2/3rd of old partners |
| With the consent of all old partners |
| According to the Partnership Act 1932, a new partner can be admitted into the firm only with the consent of all the existing partners unless otherwise agreed upon. With the admission of a new partner, the partnership firm is reconstituted and a new agreement is entered into to carry on the business of the firm. |
