Law · Indian Partnership Act, 1932
According to Section 31 of the Indian Partnership Act, 1932, a new partner can be introduced into a firm:
- 1By the consent of a majority of the partners, subject to a contract between the partners and to the provisions of Section 30
- 2By the consent of all the partners, but subject to a contract between the partners and to the provisions of Section 30✓
- 3By the consent of all the partners, but subject to a contract between the partners
- 4By the consent of all the partners only
Correct answer
By the consent of all the partners, but subject to a contract between the partners and to the provisions of Section 30
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