Question

According to section 31(1) of ____________ new partner can be admitted only with the consent of all existing partners.

Options

• Cooperatives

• Partnership Act, 1932

• Companies Act, 1956

• Joint Hindu Family

Answer 1

According to section 31(1) of Partnership Act, 1932 new partner can be admitted only with the consent of all existing partners.

Explanation:

When there is no partnership deed or when the partnership deed is silent on the issue of admission of a new partner. In such a case all provisions of the Partnership Act, 1932 will be applicable according to which a new partner can be admitted into the partnership only with the consent of all existing partners.