wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Maximum number of partners in case of non-banking business is _____.

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
40
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A 100
According to Indian companies act 2013, a partnership firm could have a maximum of 100 partners. There is no upper limit on the number of partners fixed under the companies act and also in partnership act. Thus, currently, the maximum number of partners in the case of non-banking business is 100.
Thus the correct answer is A.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Ratios and OMO
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon