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Business Studies

Factors Determining Choice of Form of Organisation

The Maximum N...

Question

The Maximum Number Of Partners For A Firm Carrying On

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Solution

According to Section No- 464 of the Companies Act, 2013 empowers the Central Government to prescribe the maximum number of partners in a firm is to be 50 and cannot have more than 50 members

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Q. Select the proper option from the options given below and rewrite the completed sentences.

The maximum number of partners for a firm carrying on banking business is ________
(a) Ten
(b) Twenty
(c) Seven

Q. The maximum number of partners in a firm which carries out banking business is ______________.

What is the maximum number of partners in a partnership firm?

Q. A partnership firm can be formed with a maximum number of __________ partners

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