Q: Explain about the partnership of minor person when he attains the age of majority ?

Ans: According to section 30(5) of partnership act, 1932, when a minor partner attains the age of majority i.e., 18 years of age, the public notice will be issued to minor partner within 6 months about the decision otherwise assumed to be major partner.

Now the minor partner is a major partner and either the major partner will accept to be a partner or he will reject to be a partner.

If the major partner accepts to be a partner in partnership firm, the major partner now will be at same position as that of others. The share of profit and property will be the same. The cardinal point here is that he will be personally liable for the acts when he was admitted to benefits i.e. now the major partner will be liable for all the acts that was performed previously when he entered into the partnership at his minor age.