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Question

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

A
100
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B
20
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C
30
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D
40
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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.

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