Maximum number of partners in a partnership are prescribed under which section of the Companies Act 2013?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- 464.
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.