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?
Anurag Pathak Changed status to publish April 9, 2023
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.
Anurag Pathak Answered question April 4, 2023
