Under rule 10 of the Companies (Miscellaneous) Rules 2014, what is the maximum number of partners a partnership firm can have?
Answer & explanation
Correct answer: option 2
The correct answer is option (2) : 50.
By virtue of Section 464 of the Companies Act 2013, the Central Government is empowered to prescribe maximum number of partners in a firm but the number of partners can not be more than 100. The Central government has prescribed the maximum number of partners in a firm to be 50.