The maximum number of partners allowed in a partnership firm carrying on banking business is:a.10b.20c.50d.No specific limit
Question
The maximum number of partners allowed in a partnership firm carrying on banking business is:a.10b.20c.50d.No specific limit
Solution
The maximum number of partners allowed in a partnership firm carrying on banking business is 10 (option a). This is as per the Indian Partnership Act of 1932.
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