The central government has prescribed the maximum number of partners in a firm to be _________ under Rule 10 of the companies (Miscellaneous) Rules, 2014.
- A
- B
- C
- D
Solution & Step-by-step Explanation
As per Section 464 of the Companies Act, 2013, the maximum number of partners cannot exceed 100. However, Rule 10 of the Companies (Miscellaneous) Rules, 2014, explicitly limits the current prescribed maximum number of partners in a firm to 50.