Multiple choice According to the Partnership Act 1932, what is the maximum limit of partners? It is 10 in case of General Business. It is 20 in case of Banking Business. It is 10 in case of Banking and 20 in case of General Business. No Maximum Limit is Fixed by Partnership Act 1932. Maximum Number can be 50. Reveal answer Fill a bubble to check yourself D Correct answer Explanation The maximum limit is fixed by the Companies Act 1956, and not by the Partnership Act 1932.