Empowering Young Entrepreneurs: Balancing Legal Protections and Commercial Opportunities for Minors in Indian Partnerships

In India's rapidly evolving economic landscape, young entrepreneurs, including minors, are increasingly exploring commercial ventures such as partnerships.The Indian Partnership Act, 1932, permits minors to be admitted to the benefits of a partnership, rais-ing intricate legal and ethical questions.This article examines the legal framework governing minors' participation in Indian partnerships, analyzing their rights, liabilities, and the implications for commercial integrity.It explores justifications for their inclusion, such as fostering financial literacy and entrepreneurship, while addressing risks like exploitation and legal ambiguities.By integrating recent case law, statutory provisions, and scholarly insights, the article proposes reforms to balance empowerment with protection, ensuring minors can engage responsibly in India's commercial ecosystem.

Publication Details

Journal
International Journal of Progressive Research in Engineering Management and Science
Published
2025-08-18
DOI
https://doi.org/10.58257/ijprems43332
Primary Topic
Migration, Ethnicity, and Economy
Type
article
Field-Weighted Citation Impact
0.00
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article

Empowering Young Entrepreneurs: Balancing Legal Protections and Commercial Opportunities for Minors in Indian Partnerships

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International Journal of Progressive Research in Engineering Management and Science
Migration, Ethnicity, and Economy
article

Empowering Young Entrepreneurs: Balancing Legal Protections and Commercial Opportunities for Minors in Indian Partnerships

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Abstract

In India's rapidly evolving economic landscape, young entrepreneurs, including minors, are increasingly exploring commercial ventures such as partnerships.The Indian Partnership Act, 1932, permits minors to be admitted to the benefits of a partnership, rais-ing intricate legal and ethical questions.This article examines the legal framework governing minors' participation in Indian partnerships, analyzing their rights, liabilities, and the implications for commercial integrity.It explores justifications for their inclusion, such as fostering financial literacy and entrepreneurship, while addressing risks like exploitation and legal ambiguities.By integrating recent case law, statutory provisions, and scholarly insights, the article proposes reforms to balance empowerment with protection, ensuring minors can engage responsibly in India's commercial ecosystem.

International Journal of Progressive Research in Engineering Management and Science
Partnerships for the goals
Openalex Percentile: Top 72%
Migration, Ethnicity, and Economy
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