Accountancy, asked by mavericktopgun2004, 6 months ago

Explain the provisions relating to the admission of a new partner as per Section 31 of the Partnership Act, 1932.

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Answered by js0163881

Answer:

(i) Admission of a new partner (Section 31) – Section 31 of the Act states that a new partner can be admitted to a partnership firm only with prior consent of all partners or in accordance with a contract entered into by the existing partners.

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