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easyMCQCUET Accountancy 2025 29 May Shift 22026Accountancy
1 mark

The maximum limit for the number of partner is decided by:

  1. A
    Partnership deed .
  2. B
    Partnership act 1932.
  3. C
    Companies Act 2013
  4. D
    Central Government.

Solution & Step-by-step Explanation

The upper limit on the maximum number of partners in a firm is provided by Section 464 of the Companies Act, 2013, which empowers the Central Government to prescribe the max limit (not exceeding 100). Under Rule 10 of the Companies (Miscellaneous) Rules 2014, the Central Government has currently set this specific limit to 50 partners. Therefore, the ultimate body deciding the current restriction threshold value is the Central Government.

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The maximum limit for the number of partner is decided by:
A
Partnership deed .
B
Partnership act 1932.
C
Companies Act 2013
D
Central Government.

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