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maximum number of partners

moinuddin (student) (22 Points)

03 September 2018

what is the maximum number of partners in a partnership firms 2018

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Mahesh Paryani (Chartered Accountant) (365 Points)
Replied 03 September 2018

A partnership can have minimum 2 and maximum 20 partners

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Kanika khetan (Sr. Associate) (331 Points)
Replied 03 September 2018

As per companies act, 2013 a partnership firm can have maximum 100 partners.

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 03 September 2018

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...