CUET Preparation Today
The maximum limit for the number of partner is decided by........... |
Partnership deed Partnership act 1932 Companies Act 2013 Central Government |
Central Government |
The correct answer is option 4- Central Government. The maximum limit for the number of partner is decided by Central Government. 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. |
