Illegal association
This query is : Resolved
24 August 2015
I have learnt that under companies rules 2014 any partnership or association of persons with more than 50 members not registered as a company is called as illegal association. Does this imply that every partnership firm or AOP must register as company if they have more than 50 members as per rule ?
24 August 2015
The choice is with the partners.
So far as Companies Rules are concerned, such firm or AOP is regarded as illegal association.
So far as Companies Rules are concerned, such firm or AOP is regarded as illegal association.
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