Question

What is the maximum number of partners permissible for a partnership firm in India?

• A. 100
• B. 75
• C. 50
• D. 25

Hint:

When setting up a partnership, ensure you are aware of the legal limits for the number of partners, which in India is 50 for non-banking firms.

Answer 1

The Correct Option is C

The maximum number of partners allowed in a partnership firm in India is 50, as per the guidelines.
This is mentioned in the Partnership Act, 1932.

Answer 2

In India, the maximum number of partners permissible in a partnership firm varies depending on the type of business.

As per the provisions of the Indian Partnership Act, 1932, the general limit for partners in a partnership firm is 10 partners for a banking business and 50 partners for any other type of business.

Therefore, for most partnership firms engaged in non-banking businesses, the maximum number of partners allowed is 50.

Exceeding this limit would require the formation of a company or other legal entities as partnership firms cannot legally have more than the specified number of partners.

Conclusion:
The maximum number of partners permissible for a partnership firm in India is 50 for non-banking businesses.