CUET/Accountancy•5mos
aloo_samosa
SSCBS

Contradictory answers? Or am I missing something?

The first image says it is the partnership act the second image says it is the comapnies act which empowers the central governemnt??

1

Please log in to comment and participate in discussions.

Comments (3)

K
karnaa
•5mos

simple, its prescibed by companies act that central government can impose a limit, so the central government decides the maximun number of partners in a firm.

both questions ask different things, look again.

2
K
karnaa
•5mos

also the central governnment cannot impose a limit more than 100 as per companies act

2
H
hajimenoippopaglu
SSCBS
•5mos

Companies act has empowered the central govt to set the upper limit for the partners (upto 100 max)

Govt has set it at 50

So it means if govt wants to change it they can but NOT more than 100

Understand?

1