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 2 Replies

Aryan Raj   18 January 2022

In response to your query,

A company is called a firm when it is a partnership of two or more persons. An organisation is an organized group of people with a particular purpose, such as a business or government department. Corporation is a large company or group of companies authorized to act as a single entity and recognized as such in law.

As a firm is also a company only with multiple partners therefore the limit in partnership in firms is mentioned in the Companies Act.

Regards,

Aryan Raj 

1 Like

Atharv Sankliya   03 February 2022

i am asking that why this is not included in indian partnership act ?

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