Minor's position in partnership firm

There is no such second condition.

A minor partner on attaining majority has the right to become a partner of the firm.

He has 6 months from attaining majority to decide if he will execute this right.

Means condition of obtaining knowledge about his admission in firm will not be applicable....right??? though the condition of obtaining knowledge is strange....

It's a strange condition. I am not aware of.
Aavi condition kya chhe !!!

In CA - CPT Book.....

@ Chaitri
Asper section 30 of Partnership Act, 1932

(5) At any time within six months of his attaining majority, or of his obtaining knowledge that he had been admitted to the benefits of partnership, whichever date is later, such person may give public notice that he has elected to become or that he has elected not to become a partner in the firm, and such notice shall determine his position as regards the firm:

Provided that, if he fails to give such notice, he shall become a partner in the firm on the expiry of the said six months.

(6) Where any person has been admitted as a minor to the benefits of partnership in a firm, the burden of proving the fact that such person had no knowledge of such admission until a particular date after the expiry of six months of his attaining majority shall lie on the persons asserting that fact.
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It's a formality type work. The major partners are duty bound to intimate Minor partner alongwith a copy of Partnership Deed immediately on his attaining majority and then give a press note accordingly.

Ok.....now I am fully satisfied....thank you so much....

You are welcome
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@ Chaitri

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