Question

What is the maximum limit in no. of partners​

Answer 1

100

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.

Answer 2

Answer:

As per Indian Companies Act, 2013 a Partnership firm can have maximum 100 Partners.

Though, it might sound strange but upper limit on number of partners are fixed under Companies Act and not in Partnership Act.

So currently maximum limit is 100 in case of non banking company.

However, if such partnership firm is LLP (Limited Liability Partnership) Firm, there is no maximum limit prescribed.

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