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Hydrogen Peroxide

A group of 40...

Question

A group of 40 people want to form a partnership firm. They want your advice regarding the maximum number of persons that can be there in a partnership firm and name of the Act under whose provision it is given.

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Solution

The maximum number of partners that a partnership firm can form is 50. The limit has been given as per the Rule (10) of Companies (Miscellaneous) Rules Act, 2014.

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