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easyMCQCUET Accountancy 2025 27 May Shift 22026Accountancy
1 mark

Which Act empowers the Central Government to prescribe a maximum number of partners in a partnership firm?

  1. A
    The Companies Act 2014
  2. B
    The Partnership Act 2013
  3. C
    The Companies Act 2013
  4. D
    The Partnership Act 1932

Solution & Step-by-step Explanation

Under Section 464 of The Companies Act, 2013, the Central Government is legally empowered to prescribe the maximum ceiling for partners in an association/partnership (currently capped at 50 via Rule 10 of Companies (Lines) Rules 2014). The Indian Partnership Act, 1932 is completely silent on the maximum count of partners.

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Which Act empowers the Central Government to prescribe a maximum number of partners in a partnership firm?
A
The Companies Act 2014
B
The Partnership Act 2013
C
The Companies Act 2013
D
The Partnership Act 1932

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