A Partnership can be created, certainly, with another distinct individual. That means, it takes minimum 2 persons to form a partnership.
The maximum number of partners is 50, which is prescribed under Companies Act, 2013. Any business organisation having more than 50 members is declared illegal association unless it is a body corporate like an LLP or a company.
However, this ceiling limit does not apply to HUF or an association of professionals, such as CS or CA - who are governed by special Acts.
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