Which one of the following statements is not true?

In the absence of partnership deed profit and loss is distributed among partners in equal ratio
Minor partner can get his share of profit
The relation between partners are created through deed
Registration of partnership is compulsory

The correct answer is: D. Registration of partnership is compulsory.

A partnership is a business relationship between two or more people who agree to share the profits and losses of a business. A partnership deed is a written agreement that sets out the terms of the partnership, such as the contributions of each partner, the division of profits and losses, and the management of the business.

In the absence of a partnership deed, the law will presume that the partners share profits and losses equally. However, the partners can agree to a different division of profits and losses in the partnership deed.

A minor is a person who is under the age of 18. A minor cannot enter into a contract, including a partnership agreement. However, a minor can still be a partner in a partnership if the other partners agree to it.

The registration of a partnership is not compulsory in India. However, there are some benefits to registering a partnership, such as the ability to sue and be sued in the name of the partnership, and the ability to obtain a partnership bank account.

In conclusion, the statement “Registration of partnership is compulsory” is not true.