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easyMCQCUET Accountancy 2025 22 May Shift 12026Accountancy
1 mark

The Central Government has prescribed the maximum number of partners in a firm to be _______

  1. A
    100
  2. B
    50
  3. C
    20
  4. D
    10

Solution & Step-by-step Explanation

Under Rule 10 of the Companies (Miscellaneous) Rules, 2014, formulated under the authority of the Companies Act, 2013, the maximum limit on the number of partners for a partnership business structure is capped at 50.

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The Central Government has prescribed the maximum number of partners in a firm to be _______
A
100
B
50
C
20
D
10

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PartnershipAccountingLimits

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