Question

Mega firm can be described as a partnership firm with more than how many partners

Answer 1

Explanation:

Irrespective of the type of firm, the minimum number of partners in a partnership is two. This is because the term partnership refers to an agreement. ... While Partnership Act has no restriction on the maximum number of partners for a business, Companies Act, 2013 Section 464 seals this limit at 50.

Answer 2

$\huge\underline\green{Answer}$

• Irrespective of the type of firm, the minimum number of partners in a partnership is two.

• This is because the term partnership refers to an agreement. While Partnership Act has no restriction on the maximum number of partners for a business, Companies Act, 2013 Section 464 seals this limit at 50