It may be noted that the minor .

This query is : Open

Pratik Nitin Vyas (Querist)
Follow

24 December 2009 It may be noted that the minor has to give the notice to the register that he has or has not become a partner, so as per which section it is applicable. What is the time limit to give notice to the register & if not then he will be considered as a partner or not or with the penalty provision will be attracted or any kind of prosecution if any? Please help as per which section, act it is possible.

Thank U .

CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
Follow

26 December 2009 Dear Pratik,

Plz frame clear question. I think you want to know "If minor is a partner in a firm, upon being major he has to give notice, the what is time limit"

On being major, he has to choose within 6 months, whether he wants to be partner or not. If he does not give any notice, he shall be deemed to be partner, and liable for all the debts of firm since he was introduced as partner.

I will advice you to please read the law first, and then make query. You can purchase bare act from market or download ANY act from india.gov.in.

Regards
CS Pawan Kumar Baid

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

HITESH NIRANJAN SAHU

Prabhakar Manjunath

v.rama krishna

Hitesh Desai

Sharad Jain

Subscribe Now

It may be noted that the minor .

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA