Maximum number of partners for a partnership firm are prescribed in which of the following Act ?

Partnership Act 1931 Companies Act 2013 Contract Act 1872 None of the above

Companies Act 2013

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 cannot be more than 100. The Central government has prescribed the maximum number of partners in a firm to be 50.