The maximum number of partners is mentioned in _________.

the Partnership Act

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the General Clauses Act

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the Companies Act

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the Societies Registration Act

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Solution

The correct option is B the Companies Act
There are many acts which were passed to define the accouting of various types of firms and partnership is one of them.
But the only act which defined the maximum number of partners in the firm is companies act. In the year 1956 companies act limited partnership to 20 members but in year 2013 a new companies came into force and maximised number of partners.

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