The maximum number of partners allowed in a partnership firm carrying on banking business is:a.10b.20c.50d.No specific limit

To answer the question about the maximum number of partners allowed in a partnership firm carrying on banking business, we can look at the Companies Act and regulations concerning banking firms.

1. Understanding Partnership in Banking: According to the Indian Partnership Act, 1932, the maximum number of partners in a business other than a banking business is 50. However, banking partnerships are subject to different rules.

2. Regulations Governing Banking Partnerships: The Banking Regulation Act, 1949, provides specific guidelines for banking firms. According to this Act, the maximum number of partners in a firm engaged in banking business is restricted.

3. Answer: The maximum number of partners allowed in a partnership firm carrying on banking business is 10. This is a specific regulation to ensure better management and compliance in banking activities.

Final Answer

The maximum number of partners allowed in a partnership firm carrying on banking business is 10.