MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Types of Partners , Partnership and Companies

A partnership...

Question

A partnership firm can be formed with a maximum number of __________ partners

A

100

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

20

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

30

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

No such limit prescribed under the Act

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A 100
The new Companies Act 2013 has prescribed the maximum number of members in case of a partnership firm should not be more than 100 in case of partnerships. As per the previous Companies Act 1956, the maximum limit in case of partnerships was 10 and 20 for banking business and other businesses respectively.

Suggest Corrections

thumbs-up

0

Similar questions

Q. 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.

Q. Name the Act that provides for the maximum number of partners in a partnership firm. What is the maximum number of partners that a partnership firm can have?

Q. What is the maximum number of partners that a partnership firm can have? Name the Act that provides for the maximum number of partners in a partnership firm.

Q. The maximum number of partners in a partnership firm can be ______.

Q. A partnership firm can be formed with a minimum share capital of

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Types of Partners , Partnership and Companies

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Types of Partners , Partnership and Companies

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon