Science, asked by saivindhyagita3053, 7 months ago

In case of banking firm maximum number of partner allowed are

Answers

Answered by Jasminesamson

0

Answer:

100

Explanation:

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.

Hope this helps you

Answered by Λყυѕн

6

Answer:

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.

So now as per Companies Act 2013 there is no such limitation specific to banking business but overall limitation laid down in 50 as per Companies Rule 2014.

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