Partnership with Minor
This query is : Resolved
23 March 2025
PLEASE TELL ME CAN A PARTNERSHIP DEED MADE BY HUSBAND AND WIFE WITH THERE MINOR DAUGHTER
23 March 2025
Yes, subject to specific conditions. The Supreme Court of India has reinforced that any partnership deed that attempts to confer full partner status on a minor or imposes personal liability on them is invalid. This was upheld in cases such as Dwarkadas Khetan & Co. where it was clarified that minors can only be admitted for benefits, not full partnership rights.
According to Section 11 of the Indian Contract Act, a minor is not capable of entering into a contract. Therefore, any partnership agreement that attempts to grant full partner status to a minor is considered void and cannot be registered.
Any partnership deed that attempts to confer full partner status on a minor or does not comply with Section 30 of the Indian Partnership Act cannot be registered. Such agreements are deemed invalid under the law.
According to Section 11 of the Indian Contract Act, a minor is not capable of entering into a contract. Therefore, any partnership agreement that attempts to grant full partner status to a minor is considered void and cannot be registered.
Any partnership deed that attempts to confer full partner status on a minor or does not comply with Section 30 of the Indian Partnership Act cannot be registered. Such agreements are deemed invalid under the law.
30 September 2025
Good luck....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
