The Central Government, via the Companies (Miscellaneous) Rules, 2014, has prescribed the maximum permissible limit of partners in a single partnership firm to be:
- A
- B
- C
- D
Solution & Step-by-step Explanation
Section 464 of the Companies Act, 2013 empowers the executive administration to set a ceiling up to 100 partners, but under Rule 10 of the Companies (Miscellaneous) Rules, 2014, the Central Government capped the operational maximum number of partners in a firm at 50.