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A partnership can have maximum 50 partners. This limit has been set by the:
Question

A partnership can have maximum 50 partners. This limit has been set by the:

A.

Indian Partnership Act, 1932

B.

State Government

C.

Indian Contract Act, 1872

D.

Central Government

Correct option is D

A partnership can have maximum 50 partners. According to Rule 10 of the 2014 Companies (Miscellaneous) Rules, the maximum number of partners in a firm is 50, as set forth by the Central Government.

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