The partnership is based on a contract where 2 or more than 2 persons come together to form a business, while according to Indian rules, a minor cannot enter into a contract. But, he can have access to a part of the profit earned with the consent of all the partners. In this situation, he would be subjected to the applied benefits only, also he cannot be an active partner in day to day activities. When he becomes a major, he needs to inform the other partners within 6 months whether he wants to continue being a partner or not. If he fails to provide a notice then he becomes a partner automatically and his liability gets unlimited.
