Q: Elaborate section 30 of partnership act, 1932 ?

Ans: A minor can be a partner during the age of minority and after attaining the age of majority.

During the age of minority:

Section 30 of partnership act, 1932 mentions about the minors admitted to the benefits of partnership.

1. He can not be a partner but he can be admitted to the benefits of the firm.

2. According to section 30(1) of partnership act, 1932, a minor partner can receive the profits and part of property of firm.

3. According to section 30(2) of partnership act, 1932, a minor partner has the right to access books of accounts.

4. According to Section 30(3) of partnership act, 1932, a minor partner is not personally liable and only his share of profit and property is liable.

5. According to section 30(4) of partnership act,  1932, a minor partner can file a suit against for his profit and property but firm can not file a suit against him.

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