As on 10 November 2026, what is the maximum number of persons who may form a partnership to carry on business for gain without registering as a company, under section 464 of the Companies Act, 2013…
Question and options
As on 10 November 2026, what is the maximum number of persons who may form a partnership to carry on business for gain without registering as a company, under section 464 of the Companies Act, 2013 read with rule 10 of the Companies (Miscellaneous) Rules, 2014?
20
50
100
10
Answer and explanation
Correct answer: B - 50
Rule 10 of the Companies (Miscellaneous) Rules, 2014, made under section 464 of the Companies Act, 2013, fixes the limit at 50 persons. The figure of 100 is the ceiling in section 464 on what the Government may prescribe, not the prescribed limit. The figures of 20 and 10 were the limits for ordinary business and banking business under the Companies Act, 1956.
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