Multiple choice

Within how many months of attaining majority, a minor admitted into the benefits of a partnership firm must decide whether he wants to become a partner in the firm?

  1. Two

  2. Three

  3. Six

  4. Twelve
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Section 30(5) of the Indian Partnership Act, 1932 requires a minor (admitted to partnership benefits) to decide within six months of attaining majority whether to become a partner. If no decision is communicated within this period, it's presumed that the minor has chosen not to become a partner.

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