Partnership firm Max. No. Of partners

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This discussion clarifies the maximum number of partners permitted in a firm. While the Partnership Act has specific limits (often cited as 20 or 50), the Companies Act 2013 has revised these, particularly for private companies, increasing the limit to 200. For public companies, there's no maximum limit. The consensus leans towards considering the Companies Act, as it's the more recent legislation.

Naina

Naina (Querist)

19 June 2022 Sir,
What is the max. No. of partners allowed in a partnership firm!?
Is it 20 Or 50!?
Sir, I've also seen max. No. Of partners as per companies Act is 100!?
So which is to be considered!?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

19 June 2022 In case of private companies, the maximum limit has been increased by the new Companies Act, 2013 from 50 to 200. There is however no maximum limit on the no. of members in a public company.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

20 June 2022 Yes, maximum number of partners is 100.

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Naina

Naina (Querist)

20 June 2022 Thank you for the replies.
But I wanted to know for a partnership firm as per Partnership Act what is the max. No. Of partners allowed.
Also if the Companies Act prescribes max. 100 partners in a firm and the Partnership Act prescribes 20/50.
Which one to be considered,as per Co's Act Or Partnership Act.!?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

20 June 2022 Consider it as per companies Act which is the latest one.

Naina

Naina (Querist)

20 June 2022 Okay. Thank you Sir.

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