wiz-icon
MyQuestionIcon
MyQuestionIcon
4
You visited us 4 times! Enjoying our articles? Unlock Full Access!
Question

The maximum number of partners allowed in a firm carrying on general business is _______.

A
10
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
20
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
50
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
100
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B 20
A business which is exempted from providing any kind of banking facility is a non-banking or general business.
Companies act 2013 has laid down the rule for such business when it comes to partnership that maximum 20 partners can only enter into the business. Above this, an illegal tag would be put on the business of that firm and no one can question about this tag.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
SEBI
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon