Question

Ayush, Chaman, and Govind were partners since 1st April 2017 and were sharing profits in a 3 : 2 : 1. However, they did not prepare a partnership deed. You are required to answer the following question for the year ending 31st March, 2024:

Ayush expressed his desire that his son Suyash be admitted as a partner for a 1/6th share, which he will forgo in his favour. Chaman has no objection to this, but Govind objects to this proposal.

Options

• Suyash can be admitted since Ayush is forgoing his share of profit in favour of Suyash and remaining partners share of profit remains unaffected.

• Suyash can be admitted since the majority partners (Ayush and Chaman) do not have any objection to his admission.

• Suyash can be admitted even if Chaman and Govind both object to his admission.

• Cannot be admitted since all partners should agree for admitting a new partner.

Answer 1

Cannot be admitted since all partners should agree for admitting a new partner.