Question : As Per Section ----------------- of the Indian Partnership act provides that a new partner shall not be inducted into the firm without the consent of all existing partner ?
Option 1: 35
Option 2: 38
Option 3: 42
Option 4: 31
Answer (1)
19th Jan, 2024
Correct Answer: 31
Solution : The provisions for admitting a new partner to the partnership firm are covered in Section 31 of the Indian Partnership Act, 1932. It states that a new partner can only be added to the firm with the approval of all of the current partners.
Hence the correct answer is option 4.
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