Q.As per Section 30 of the Indian Partnership Act, 1932, a minor admitted to the benefits of an existing partnership:
(A) Becomes a full partner immediately, with unlimited personal liability
(B) Cannot share in the firm's profits under any circumstances
(C) Has liability limited to the extent of their share in the firm's property, and must elect to become a full partner or sever ties within six months of attaining majority
(D) Automatically ceases to have any connection with the firm on attaining majority

Section 30 caps a minor's liability at their share in firm property while a minor, and gives a strict six-month post-majority window to elect full-partner status or exit.

Since a minor cannot enter into a valid contract, they cannot become a full partner, but Section 30 allows them to be admitted to the BENEFITS of an existing partnership with the consent of all partners. Their liability for the firm's debts is limited strictly to their share in the firm's property — never their personal assets. On attaining majority, the minor has six months to publicly elect either to become a full partner (with unlimited liability applying from the date they were originally admitted to benefits) or to sever their connection with the firm; failing to elect either way within that period makes them a full partner by default.

Option-by-option analysis:

• (A) Incorrect — a minor is never a full partner with unlimited liability while still a minor. …