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[Cites 0, Cited by 20] [Section 30] [Entire Act]

Union of India - Subsection

Section 30(5) in The Indian Partnership Act, 1932

(5)At any time within six months of his attaining majority, or of his obtaining knowledge that he had been admitted to the benefits of partnership, whichever date is later, such person may give public notice that he has elected to become or that he has elected not to become a partner in the firm, and such notice shall determine his position as regards the firm:Provided that, if he fails to give such notice, he shall become a partner in the firm on the expiry of the said six months.