Multiple choice

In a partnership firm, the number of partners cannot go beyond 10 or 20 depending upon the nature of business. The provision regarding this maximum number of partners is mentioned in the

  1. Indian Partnership Act

  2. Indian Contract Act

  3. Indian Companies Act

  4. Banking Regulation Act

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The provision regarding this maximum number of partners is mentioned in the Indian Companies Act.