CUET Preparation Today
Match List I with List II in context of partnership firm.
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A-II, B-III, C-I A-I, B-II, C-III A-III, B-I, C-II A-III, B-II, C-I |
A-III, B-I, C-II |
The correct answer is option 3- A-III, B-I, C-II.
A) 2 persons- Minimum number of people required to form a partnership firm (III). B) 50 persons- Maximum number of people allowed in a partnership firm (I). C) 100 persons - 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 government may prescribe a lower number (II).
** 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 partners in a firm to be 50. |
