Admission of Partner | Lecture-2 | by CA/CMA Santosh Kumar.

Admission of Partner | Lecture-2 | by CA/CMA Santosh Kumar.

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Admission of Partner
According to the Partnership Act 1932, a new partner can be admitted into the firm only with the consent of all the existing partners unless otherwise agreed upon. With the admission of a new partner, the partnership firm is reconstituted and a new agreement is entered into to carry on the business of the firm.

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