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easyMCQCUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3)2026Accountancy
1 mark

A partnership can have maximum partners. This limit has been set by the:

  1. A
    Indian Partnership Act, 1932
  2. B
    State Government
  3. C
    Indian Contract Act, 1872
  4. D
    Central Government

Solution & Step-by-step Explanation

The upper limit on the total number of partners in a partnership firm is restricted to as per Rule 10 of the Companies (Miscellaneous) Rules, 2014, prescribed by the Central Government under authority granted by the Companies Act, 2013.

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A partnership can have maximum partners. This limit has been set by the:
A
Indian Partnership Act, 1932
B
State Government
C
Indian Contract Act, 1872
D
Central Government

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PartnershipIndian Partnership ActCompanies Act

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