Pls guide me out (1)whether there is any limit on no. of members of AOP/BOI. (2)Can no. of members of AOP/BOI increased or decreased after its formation.
02 March 2010
The maximum no. is 10 in case of banking business and 20 in the case of any other business. The restriction is not applicable in the case of non profit organisation.
CAclubindia
