Q517
Where a minor has been admitted to the benefits of the partnership but he does not know that he has been so admitted, the option to stay in the partnership or to move out, on attaining majority under section 30(5) of the Act has to be exercised within
A.
Six months of attaining majority
B.
Six months of acquiring the knowledge of being so admitted into the firm
C.
Six months of attaining majority or six months of acquiring the knowledge of being so admitted into the firm, whichever is earlier
D.
Six months of attaining majority or six months of acquiring the knowledge of being so admitted into the firm, whichever is later
AnswerAnswer: Option D
Solution
Answer: Option D
No explanation is given for this question Let's Discuss on Board