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Query Details

Asked by Pankaj on :Jun. 21, 2018

Hi everyone…I am a partner in say XYZ firm in Kol…

Hi everyone…I am a partner in say XYZ firm in Kolkota, I want to admit my minor brother as a partne…

Hi everyone…

I am a partner in say XYZ firm in Kolkota, I want to admit my minor brother as a partner. Is it permissible?

0

Jeeba Jun. 21, 2018

No, minor can not be admitted as a partner.

Though minor may not be a partner of the firm, with the consent of all the partners he may be admitted to the share in profits of the partnership.

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Law has beem amended. Invalid as per law. Invalid from day one. I have some other reason.

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Harassing: Disrespectful or rude towards a person or a group. Spam: Promotes an undisclosed link or product or service. Ingenuine: Not seeking genuine answers. Rotten: Vulgar, Obscene, abusive etc... Alien: Not a post on law or business. Plagiarism: Copied from other website or source and pasted here. Unformatted: Has bad format, grammar, spelling so requires moderatation.

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