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Which act restricts the maximum number of partners in a partnership firm that carries banking business to 10 persons? (in India)

/ Commerce MCQs / By

Which act restricts the maximum number of partners in a partnership firm that carries banking business to 10 persons? (in India)

A. Partnership Act 1932
B. Banking Regulation Act 1949
C. Companies Act 1956 (Correct)
D. Income Tax Act 1961