Q323
If a minor, admitted to the benefits of the firm, on attaining majority, fails to give public notice of his intention to become or not to become a partner, within the prescribed six months, by virtue of proviso to section 30(5) of the Act, he
A.
Automatically becomes a partner in the firm after the expiry of said six months
AnswerB.
Automatically ceases to be a partner in the firm after the expiry of said six months
C.
Becomes a partner in the firm after the expiry of the said six months only if all the partners consent to it
D.
Either (A) or (C)
Answer: Option A
Solution
Answer: Option A
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