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If a minor beneficiary of a partnership firm becomes an adult but does not declare their intention to leave or become a partner within 6 months, they will be presumed to be a partner (A). To meet an attachment order of Rs. 80,000 on a partnership firm with a current account balance of Rs. 8,000, Rs. 32,500 will be payable from partner A

Author

Pawan Sharma

Language

EN