Comprehension Passage
Based on following, answer the question.
Amrita and Kalyani are partners sharing profits in the ratio of 3 : 2. They decided to expand the business by admitting Suraj as new partner for 1/4th share. Suraj's share of goodwill is valued at ₹90,000 for which he compensated Amrita and Kalyani in the ratio 1 : 4. Following information is also provided:
| Book Value (₹) | Revalued figure (₹) | |
| Machinery | 25,00,000 | 27,00,000 |
| Land | 10,00,000 | 50,00,000 |
| Computers | 2,50,000 | 50,000 |
| Workmen Compensation Fund | 5,00,000 |
Claim against workmen compensation is ₹2,00,000 and goodwill appeared in the books at ₹60,000
A new partner can be admitted:
1
If all the existing partners agree
2
If Majority of the existing partner agree
3
If any one of the existing partner agree
4
If 4/5th of the existing partner agree