partnership
raghuanand (senior faculty) (31 Points)
09 June 2019
what is the maximum number of members in partnership
4 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 09 June 2019
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.
raghuanand
(senior faculty)
(31 Points)
Replied 22 June 2019
good morning, why is derivative not an asset in balance sheet
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