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Any two or more persons can join together for creating partners hip. But Sec. 11 of the Companies Act, 1956, imposes a limit as to the maximum number of persons in a partnership. The limit is:
A partnership for the purpose of carrying on banking business: Maximum of 10 partners.
A partnership for carrying on any other business: Maximum of 20 partners.
Joint Hindu family carrying on business: No limit.
All are correct.
By: santosh ProfileResourcesReport error
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