Accountancy Part AAccounting for Partnership

Under rule 10 of the Companies (Miscellaneous) Rules 2014, what is th…

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

NCERT (2026-27 edition):
Two or More Persons – “… In order to form partnership, there should be at least two persons coming together for a common goal. In other words, the minimum number of partners in a firm can be two. There is however, a limit on their maximum number. 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 partness in a firm to be 50.”