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Introduction to Death of Partner

Select the mo...

Question

Select the most appropriate alternative from those given below and rewrite the statement.

Maximum __________________ persons are required to form a partnership having Banking business.
a) two
b) seven
c) ten
d) twenty

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Solution

Maximum ten persons are required to form a partnership having Banking business.
Explanation: According to the Companies Act, 1956, a maximum of ten persons can form a partnership having Banking business.

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