The Central Government has prescribed the maximum number of partners in a firm to be.......
Answer & explanation
Correct answer: option 2
The correct answer is option 2- 50.
The Central government has prescribed the maximum number of partners in a firm to be 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.