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Question
The maximum number of persons in a partnership firm carrying on the banking business, should not exceed _____.
The maximum number of persons in a partnership firm carrying on the banking business, should not exceed _____.
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Solution
The correct option is C 10
"Two or more persons" is one of the essential feature of partnership. The minimum number of partners in a firm are two. If a firm is engaged in the banking business, it can have a maximum of ten partners.
"Two or more persons" is one of the essential feature of partnership. The minimum number of partners in a firm are two. If a firm is engaged in the banking business, it can have a maximum of ten partners.
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