2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Admission of a Partner

12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    A person may be admitted as a new partner:

    A) in accordance with a contract between the existing partners or with the consent of all the existing partners,

    B) in accordance with a contract between the existing partners or with the consent of all the existing partners subject to the provisions of Section 30 of the Act.

    C) after obtaining specific approval of the Registrar of Firms & Societies, to this effect.

    D) by simply taking the consent of the new partner.

    Correct Answer: B

    Solution :

    [b] in accordance with a contract between the existing partners or with the consent of all the existing partners subject to the provisions of Section 30 of the Act.


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