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What are the maximum number of …

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What are the maximum number of partners in case of partnership firm ?

    • Posted by Shffi Mongia 5 years, 2 months ago

    CBSE > Class 11 > Business Studies
    • 3 answers

    Thakur Harshita Singh 5 years, 2 months ago

    Partnership Act has not prescribed any maximum limit on partners,but the companies Act has prescribed a limit of 10 persons if it is a banking business & 20 persons for other business. If the number exceeds these limits,then the business must be registered as joint stock company otherwise it will be illegal.

    0Thank You

    Utsav Tiwary 5 years, 2 months ago

    50

    0Thank You

    Manish Sharma 5 years, 2 months ago

    50

    0Thank You

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