Question

What is the legal position of minor admitted to partnership also point out english law regarding the position of minor when admitted to partnership

Answer 1

Explanation:

Indian Partnership Act, provides that though a minor cannot be a partner in a firm, but, with the consent of all the partners for the time being, he may be admitted to the benefits of partnership by an agreement executed through his guardian with the other partners.

Answer 2

Explanation:

Minors Admitted to Benefits of Partnership Now we know the Indian Contract Act 1857 clearly states that no person less than the age of 18, i.e. a minor can be a party to a contract. And a partnership is a contract between the partners. Hence a minor cannot be a partner in a partnership firm..