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Question

A new partner can be admitted only with the __________.

A
Majority decision
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B
Unanimous decision of all the partners
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C
Approval of registrar of firms
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D
Consent of managing partner
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Solution

The correct option is A Unanimous decision of all the partners
Only a unanimous decision of all the partners can let the new partner in the firm.
As per the Indian partnership Act, 1932, it is imperative for all the partners to give their consent to introduce a new partner; which requires either making changes in the existing partnership deed or preparing a new deed altogether.

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