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Under which Section and Act is the Central Government empowered to prescribe a maximum number of partners in a firm, up to a limit of ?

  1. A
    Section 464 of the Companies Act 1932
  2. B
    Section 464 of the Companies Act 2013
  3. C
    Section 4 of the Companies Act 2013
  4. D
    Section 4 of the Companies Act 1932

Solution & Step-by-step Explanation

Under Section 464 of the Companies Act, 2013, the Central Government is authorized to set the maximum number of partners in a firm, capped at a absolute limit of . (Through Rule 10 of Companies (Miscellaneous) Rules 2014, the government has currently set this limit at ).

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Under which Section and Act is the Central Government empowered to prescribe a maximum number of partners in a firm, up to a limit of ?
A
Section 464 of the Companies Act 1932
B
Section 464 of the Companies Act 2013
C
Section 4 of the Companies Act 2013
D
Section 4 of the Companies Act 1932

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