Question

The maximum number of persons permissible for a valid partnership for doing any business other than banking business is?

• A. $15$
• B. $50$
• C. $25$
• D. $10$

Answer 1

The correct option is B $50$

Many acts like Indian partnership and companies act have been passed which have stated the maximum number of partners in a banking as well as a non-banking firm.

Finally the companies act 2013 has stated that maximum 100 partners can be present for a non-banking business and this has to be strictly followed by every partnership firm.