Q: What are the voting rights in partnership firm ?

Ans: The partnership firm is governed by Indian Partnership Act, 1932 and state rules. 


The partners individually and collectively make firm.


Generally in every act, the powers are given to make rules. In Indian Partnership Act, the power to make rules are given to state government.


The parties in partnership firm are called the partners.


Contract is essential and basis of a partnership firm.

Term is governed by the Agreement/ Deed. If silent,  it is 'partnership at will '. All terms can be decided by the partners,  and in absence of any specific term the relevant sections of the Act will apply.

The minimum number of partners are two.

The maximum number of partners are 50. Companies Act, 2013( Section 464), Companies Miscellaneous) Rules, 2014( Rule 10) .

All terms can be decided by the partners,  and in absence of any specific term the relevant sections of the Act will apply.

Each partner is the agent of other partner and this relationship is called Principal Agent Relationship ( Joint and Several Liability).

The voting right will be in the percentage of his shares in the paid-up equity share capital of the company. Therefore, if a shareholder owns 51% of the company's stake, he will have the right to exercise majority control over the company. Section 47 of the Company's Act 2013 bestows voting rights to the shareholders.

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