The maximum number of partners is decided by the Partnership Act 1932. But as per the official answer key given by NTA, option 4 is given write.
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Therefore, Option 4 (Central Government) is the correct answer.
The maximum limit for the number of partner is decided by.
Held on 29 May 2025 · Verified 13 Jul 2026.
Partnership deed .
Partnership act 1932.
Companies Act 2013
Central Government.
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An unrecorded asset is taken over by a creditor in full settlement in such a case
The liability of partners is
As per AS-26 Intangible assets like goodwill should be written off.
Identify the correct statement from the given below :-
By virtue of which section of the Indian Partnership Act 1932, partnership is defined as 'the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'.
Work through every CUET UG Partnership PYQ, year by year.