What is the lime of maximum numbers of Partners in partnership Firm ?

Asked by Last Modified  

5 Answers

Learn CBSE - Class 12

Follow 3
Answer

Please enter your answer

Nidhi M

Pre - Teach & Practice

The minimum no. of partners is 2, and the maximum no of partners is 50.
Comments
Dislike Bookmark

Experienced Faculty with 8 years experience

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, respect...
read more
The newCompaniesAct 2013 has prescribed themaximum numberof members in case of apartnership firmshould not be more than 100 in case ofpartnerships. As per the previousCompaniesAct 1956, themaximum limitin case ofpartnershipswas 10 and 20 for banking business and other businesses, respectively. read less
Comments
Dislike Bookmark

IIT Delhi Graduate || CBSE Class 12th City Topper

Maximum Number of Partners in a Partnership Firm is limited to 100, according to section 464, Rule 10 of Companies different Rules,2014. Previously the limit was 10 for banking business and 20 for other companies.
Comments
Dislike Bookmark

Chemistry tutor with 11 years of experience

A galvanic cell is also known as a voltaic cell which converts chemical energy into electrical energy by spontaneous redox reactions.
Comments
Dislike Bookmark

Accounting & Finance Professional turned academician

Max is 50
Comments
Dislike Bookmark

View 3 more Answers

Related Questions

Why you have not allow to tutor to choose multiple classes categories i.e. from 6 to 12th?
The taste of each fruit is different because it is create in different environment. Similarly, each and every person are expert in a particular field in which they completed his education and acknowledge their ability.
Pankaj
Evaluate: 5! - 2!?
=(5*4*3*2*1)-(2*1) =(120)-(2) =118
Neelima
0 0
6
Define asymptote?
A straight line that continually approaches a given curve but does not meet it at any finite distance.
Prakash
Why should a new partner contribute towards goodwill on his admission?
Due to admission of a new partner, old partners have to share their part in their value of goodwill created till date. Hence they (old) partners wants contribution from new partner for their compromise...
Chittaranjan
A selection committee is to be chosen consisting of 5 ex-technicians. Now there are 12 representatives from four zones. It has further been decided that if Mr. X is selected, Y and Z will not be selected and vice-versa. In how many ways it can be done?
Answer = 12(C)5 - 3*9(C)4 - 6*9(C)3 - 9(C)2 12(C)5 represent the number of ways to select 5 things out of 12 things. 12(C)5 = total possible ways to select 5 out of 12 9(C)4 = total possible ways...
Divya
0 0
9

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Goodwill - Meaning, need and factors affecting it - Book-Keeping and Accountancy
NCERT/CBSE, ICSE/ISC, IGCSE/GCSE, State Board

Rajiv Vadera

0 0
0
Electrostatics- Coulomb's Law
What is Coulomb's Law? Coulomb's Law is a fundamental principle in physics that describes the electrostatic force between two stationary, electrically charged particles. In simple terms: Like...

Atulya Kumar

0 0
0
Frictional electricity

Gaurav Thapliyal

0 0
0
3 Central Problems of an Economy
Three central problems that an economy faces:(With examples)1. What to produce and How much to Produce? - For example: Every country decides whether to produce rice or wheat and how much wheat should be...

Swati G.

0 0
0
JEE main 24-2-2021 Detailed video solution Physics Q1 - Q4

Rajan Mittal

0 0
0

Recommended Articles

Meet Radhe Shyam Burman, an MBA Tutor from...

Radhe Shyam is a highly skilled accounts and finance trainer with 8 years of experience in teaching. Accounting is challenging for many students and that’s where Radhe Shyam’s expertise comes into play. He helps his students not only in understanding the subject but also advises them on how to overcome the fear of accounts...

Read full article >

Meet Urmila, an MBBS tutor from Bangalore

Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition.  Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...

Read full article >

Meet Mohammad Wazid, a skilled trainer for...

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Find PUC Tuition near you
PUC Tuition in Delhi
PUC Tuition in Bangalore
PUC Tuition in Hyderabad
PUC Tuition in Chennai
PUC Tuition in Mumbai
PUC Tuition in Kolkata
PUC Tuition in Pune
PUC Tuition in Jaipur
PUC Tuition in Noida
PUC Tuition in Lucknow
Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you