who is minor partner
Answers
Answered by
3
Answer:
A person who is under the age of 18 is regarded as a minor. Generally, a minor cannot be appointed as a partner. But with the consent of all the partners, a minor may be admitted for sharing profits of the firm. Such a partner, if admitted, is called a minor partner. Concept: The Indian Partnership Act 1932.
Explanation:
Answered by
14
Answer:
A person who is under the age of 18 is regarded as a minor. Generally, a minor cannot be appointed as a partner. But with the consent of all the partners, a minor may be admitted for sharing profits of the firm. Such a partner, if admitted, is called a minor partner. Concept: The Indian Partnership Act 1932.
Explanation:
hope it helps you
please mark me as brainlist
Similar questions
English,
2 months ago
History,
2 months ago
Hindi,
2 months ago
India Languages,
4 months ago
Science,
1 year ago