Question:
Assertion (A): The maximum number of partners in a partnership firm is 50.
Reason (R): By virtue of the Companies Act 2013, the Central Government is empowered to prescribe maximum number of partners in a firm. The Central Government has prescribed the maximum number of partners in a firm to be 50.
Choose the correct option from the following:
Assertion (A): The maximum number of partners in a partnership firm is 50.
Reason (R): By virtue of the Companies Act 2013, the Central Government is empowered to prescribe maximum number of partners in a firm. The Central Government has prescribed the maximum number of partners in a firm to be 50.
Choose the correct option from the following:
Reason (R): By virtue of the Companies Act 2013, the Central Government is empowered to prescribe maximum number of partners in a firm. The Central Government has prescribed the maximum number of partners in a firm to be 50.
Choose the correct option from the following:
Show Hint
The Central Government has set the maximum number of partners at 50 under the Companies Act.
Updated On: Jul 14, 2025
- Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
- Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
- Assertion (A) is true, but Reason (R) is false.
- Both Assertion (A) and Reason (R) are false.
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The Correct Option is A
Solution and Explanation
According to Rule 10 of Companies (Miscellaneous) Rules, 2014, the maximum number of partners in a firm is prescribed by the Central Government as 50. Hence both the assertion and reason are correct, and the reason correctly explains the assertion.
Final Answer: Both Assertion (A) and Reason (R) are true and (R) explains (A).
Final Answer: Both Assertion (A) and Reason (R) are true and (R) explains (A).
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