Compare the status of a minor in a Joint Hindu family business with that in a partnership firm.
In a Joint Hindu Family business, the basis of membership is birth in a particular family. Therefore, a minor automatically becomes a member of the business from birth and acquires ownership rights over the property.
On the other hand, in a Partnership firm, a minor is incompetent to enter into a valid contract and thus cannot become a partner. However, a minor can be admitted to the benefits of the partnership with the mutual consent of all other partners. In this capacity, the minor can share profits but cannot actively participate in management or be asked to bear losses.
Explanation
The answer is derived directly from the comparison between the two forms of organisation in the text. The context states that in a Joint Hindu Family, membership is by birth, allowing minors to be members. Conversely, for Partnership, the text explicitly states that because a minor cannot enter into a valid contract, they cannot be partners but can be admitted to the benefits of the firm.