How many persons carry on partnership firm
Rajat Sharma (496 Points)
01 May 2023
Sir I want to know that how many persons carry on the partnership firm.
Rajat Sharma (496 Points)
01 May 2023
CA Rakesh Ishi
(Working at Private Company)
(8100 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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