How many persons carry on partnership firm
Rajat Sharma (499 Points)
01 May 2023
Sir I want to know that how many persons carry on the partnership firm.
1 Replies
CA Rakesh Ishi
(Working at Private Company)
(8202 Points)
Replied 01 May 2023
As per the Indian Partnership Act, 1932, a partnership firm must have a minimum of two persons to carry on the business. The maximum number of partners in a partnership firm can be 100, except in the case of a banking business, where the maximum number of partners is restricted to 10.
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