Question

There is no limit to maximum number of partners in a firm. (State True or False)

Answer 1

Heya !

Question -

There is no limit to maximum number of partners in a firm. (State True or False)

Answer - False .

There is a limit .

Hope this helps you

Answer 2

● The above given statement that there is no limit to maximum number of partners in a firm is false.

● The new Companies Act 2013 has recommended the most extreme number of individuals if there should be an occurrence of an organization firm ought not be more than 100 in the event of associations.

● According to the past Companies Act 1956, the most extreme point of confinement in the event of associations was 10 and 20 for banking business and different organizations separately.