1.

Select the most appropriate alternative from those given below and rewrite the statement.Maximum __________ persons are required to form a partnership having trading business.OptionsTwentyFiftySevenTen

Answer»

Maximum twenty persons are required to form a partnership having trading business.

Explanation: As per the Companies Act of 1956, a maximum of twenty persons can form a partnership having trading business. The Act also prohibits a firm with more than 10 partners in case of banking business.



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