The maximum number of partners allowed in a partnership firm (as per Companies Act, 2013) is:
A. 10
B. 20
C. 100
D. 50
Answer: Option D
Solution (By JKSSB Mock Tests)
As per Section 464 of Companies Act 2013, maximum number of partners can be 50, unless otherwise prescribed. The earlier limit of 20 for non-banking and 10 for banking has been raised to 50 for all firms.
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