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Home Questions B69KGXVYDH
Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Partnership

Question:
The maximum number of partners allowed by the Central Government in a firm are......
Options:
20
50
100
No Limit
Correct Answer:
50
Explanation:
There is limit on their maximum number of partners. 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.

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