The Sec.4 of the Indian Partnership Act, 1932, defines partnership as “Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all”.
As per Section 464 of the Companies Act, 2013, the Central Government has the authority to prescribe the maximum number of partners in a partnership firm, however, it cannot be more than 100
The Central Government rule 10 of the Companies (Miscellaneous) Rules, 2014, has prescribed the maximum number of partners in a partnership firm to be 50.
Hence a partnership firm can not have more than 50 partners.
Final Answer: The maximum number of partners in a partnership firm is 50 as per the rule 10 of the Companies (Miscellaneous) Rules, 2014.
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