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The maximum number of partners is mentioned in
- a)The Partnership Act
- b)The General Clauses Act
- c)The Companies Act
- d)The Societies Registration Act
Correct answer is option 'C'. Can you explain this answer?
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The maximum number of partners is mentioned ina)The Partnership Actb)T...
The maximum number of partners in a company is mentioned in the Companies Act. Let's discuss this in more detail below.
Companies Act and Maximum Number of Partners
The Companies Act, 2013, governs the formation, management, and winding up of companies in India. It specifies the rules and regulations that companies must follow, including the maximum number of partners they can have.
According to Section 2(68) of the Companies Act, a company can be formed by two or more persons, and the maximum number of partners in any such company cannot exceed 200. This means that a company can have a minimum of two partners and a maximum of 200 partners.
However, there are some exceptions to this rule. In the case of a private company, the maximum number of partners is restricted to 200, but the minimum number of partners is only two. A single person cannot form a private company.
In the case of a public company, there is no restriction on the maximum number of partners. However, the minimum number of partners is seven.
Conclusion
Thus, it can be concluded that the maximum number of partners allowed in a company is specified in the Companies Act, 2013. The act governs the formation, management, and winding up of companies in India and sets out rules and regulations that companies must follow. The maximum number of partners in any company cannot exceed 200, except in the case of a public company where there is no restriction on the maximum number of partners.
Companies Act and Maximum Number of Partners
The Companies Act, 2013, governs the formation, management, and winding up of companies in India. It specifies the rules and regulations that companies must follow, including the maximum number of partners they can have.
According to Section 2(68) of the Companies Act, a company can be formed by two or more persons, and the maximum number of partners in any such company cannot exceed 200. This means that a company can have a minimum of two partners and a maximum of 200 partners.
However, there are some exceptions to this rule. In the case of a private company, the maximum number of partners is restricted to 200, but the minimum number of partners is only two. A single person cannot form a private company.
In the case of a public company, there is no restriction on the maximum number of partners. However, the minimum number of partners is seven.
Conclusion
Thus, it can be concluded that the maximum number of partners allowed in a company is specified in the Companies Act, 2013. The act governs the formation, management, and winding up of companies in India and sets out rules and regulations that companies must follow. The maximum number of partners in any company cannot exceed 200, except in the case of a public company where there is no restriction on the maximum number of partners.
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The maximum number of partners is mentioned ina)The Partnership Actb)T...
Maximum number of partner is mentioned in partnership act 1932 not in company act.
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The maximum number of partners is mentioned ina)The Partnership Actb)The General Clauses Actc)The Companies Actd)The Societies Registration ActCorrect answer is option 'C'. Can you explain this answer?
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The maximum number of partners is mentioned ina)The Partnership Actb)The General Clauses Actc)The Companies Actd)The Societies Registration ActCorrect answer is option 'C'. 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 The maximum number of partners is mentioned ina)The Partnership Actb)The General Clauses Actc)The Companies Actd)The Societies Registration ActCorrect answer is option 'C'. 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 The maximum number of partners is mentioned ina)The Partnership Actb)The General Clauses Actc)The Companies Actd)The Societies Registration ActCorrect answer is option 'C'. Can you explain this answer?.
The maximum number of partners is mentioned ina)The Partnership Actb)The General Clauses Actc)The Companies Actd)The Societies Registration ActCorrect answer is option 'C'. 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 The maximum number of partners is mentioned ina)The Partnership Actb)The General Clauses Actc)The Companies Actd)The Societies Registration ActCorrect answer is option 'C'. 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 The maximum number of partners is mentioned ina)The Partnership Actb)The General Clauses Actc)The Companies Actd)The Societies Registration ActCorrect answer is option 'C'. Can you explain this answer?.
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