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Question
Maximum number of Partners in a firm are ______ according to Companies Act 2013.
Options
10
25
20
50
Solution
Maximum number of partners in a firm are 50 according to Companies Act, 2013.
Explanation:
A minimum of two partners are needed to start a partnership firm, and the maximum number of partners is fifty according to the Companies Act 2013 (Amended in 2014).
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