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      Question

      What is the maximum number of partners allowed in any

      partnership firm?
      A 10 Correct Answer Incorrect Answer
      B 20 Correct Answer Incorrect Answer
      C 40 Correct Answer Incorrect Answer
      D 50 Correct Answer Incorrect Answer
      E No limit as per the act Correct Answer Incorrect Answer

      Solution

      "Section 464 of the Companies Act, 2013 empowers the Central Government to prescribe maximum number of partners in a firm but the number of partners so prescribed cannot be more than 50.The Central Government has prescribed maximum number of partners in a firm to be 50 vide Rule 10 of the Companies (Miscellaneous) Rules,2014.Thus, in effect, a partnership firm cannot have more than 50 members".

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