answersLogoWhite

0

This law applies to India and is from the Companies Act of 1956. Up to 10 people can exist in a partnership in a banking firm. The limit is 20 for other businesses.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

What are the minimum and maximum number of directors in a private company?

The minimum number of Directors in Private Company is 2 Maximum number of Directors is As the number of Members in that Company


How many members in private ltd company minimum?

The minimum should be 2 members and maximum 50 members.


What does it mean when a company goes limited?

when a company fixes the maximum liabilty of its members it is considered as being a limted company by share or gurantee.


How many members in public ltd company minimum?

there are 7 minmum members in pvt.ltd. & maximum as per share holders.


How long do members of the house of commons serve for?

Each term is for a maximum of five years. There are no restrictions on how many times a member may be re-elected.


What is a Nidhi company?

Nidhi company is a company registered under Companies Act and notified as a nidhi company by Central Government under Section 620-A of Companies Act. It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders.


What does the company Comtrust offer?

The company Comtrust is a Federal Credit Union and as such it offers things like online banking, savings accounts, debit cards and credit cards. The also offer lending services to their members.


Is USAA a non-profit organization?

No, USAA is not a non-profit organization. It is a financial services company that provides insurance, banking, and other services to members of the military and their families.


Who are the members of a company?

the members of a company are the people who are in it


What is the maximum limit of members?

Many organisations have no limit to the number of members allowed. Others have limits built in. For instance the Order of the Garter has a maximum of 24 members


What are the characteristics of a privite limited company?

One of the characteristics of a private limited company is that the minimum paid up capital required for a private sector company for a start up is 100000. The other characteristic is that it has a minimum of two members and a maximum of 50 people.


What services does Zions Bank offer?

Zions Bank offers it members an array of services from checking and savings programs to foreign banking services. Some of the services that members may find available to them would be online and electronic banking, trust services, loans such as commercial, installment and mortgage. They also offer nationwide banking and automatic deposits for their members.