Partnership act 1932

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 August 2011 IN PARTNERSHIP ACT 1932,
MAXIMUM NO OF PARTNERS IS 20 IN ALL KIND OF BUSINESS & IN BANKING ONLY 10.

1. WHY ONLY 20 & 10 PARTNERS ARE DECIDED IN ACT?

2.WHY 20 OR MORE PARTNERS ARE NOT FOR BANKING BUSINESS?

Mohan Verma

Mohan Verma (Expert)
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06 August 2011 in law no one can answer WHY?????????

Querist : Anonymous

Querist : Anonymous (Querist)

12 August 2011 IN PARTNERSHIP ACT 1932,
MAXIMUM NO OF PARTNERS IS 20 IN ALL KIND OF BUSINESS & IN BANKING ONLY 10.

1. WHY ONLY 20 & 10 PARTNERS ARE DECIDED IN ACT?

2.WHY 20 OR MORE PARTNERS ARE NOT FOR BANKING BUSINESS?

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Querist : Anonymous

Querist : Anonymous (Querist)

12 August 2011 ALSO THERE IS SOMETHING THAT IN IT DECIDED AS SO.

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