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A partnership firm cannot exceed the maximum number other than banking company:-
  • a)
    10 members
  • b)
    20 members
  • c)
    15 members
  • d)
    25 members
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
A partnership firm cannot exceed the maximum number other than banking...
The new Companies Act 2013 has prescribed the maximum number of members in case of a partnership firm should not be more than 100 in case of partnerships. As per the previous Companies Act 1956, the maximum limit in case of partnerships was 10 and 20 for banking business and other businesses respectively.
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A partnership firm cannot exceed the maximum number other than banking company:-a)10 membersb)20 membersc)15 membersd)25 membersCorrect answer is option 'B'. Can you explain this answer?
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A partnership firm cannot exceed the maximum number other than banking company:-a)10 membersb)20 membersc)15 membersd)25 membersCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A partnership firm cannot exceed the maximum number other than banking company:-a)10 membersb)20 membersc)15 membersd)25 membersCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A partnership firm cannot exceed the maximum number other than banking company:-a)10 membersb)20 membersc)15 membersd)25 membersCorrect answer is option 'B'. Can you explain this answer?.
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