Question:
A partnership can have maximum 50 partners. This limit has been set by the
A partnership can have maximum 50 partners. This limit has been set by the
Updated On: Oct 29, 2024
- Indian Partnership Act, 1932
- State Government
- Indian Contract Act, 1872
- Central Government
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The Correct Option is A
Solution and Explanation
The Indian Partnership Act, 1932, states that the maximum number of partners in a partnership firm can be 50.
Hence, the correct answer is Option 1.
Hence, the correct answer is Option 1.
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