Does a partner has the right not to allow admission of a new partner if the Partnership Deed does not exist?
Does a partner has the right not to allow admission of a new partner if the Partnership Deed does not exist?
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In the absence of a partnership Deed. The provisions of the Partnership Act 1932 Apply.
The consent of all the partners is required to admit a new partner in the firm.
Thus A partner has the right not to allow admission of a new partner.
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