Illegal association
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 September 2011
hiiiiiiiii
no company ,association ,or partnership consisting of more than 20 members can be formed for the purpose of carrying on any business for gain unless it is registered as a company under The companies act or is formed in pursuance of some other indian law
why in the above company is used??????(in line 1)
no company ,association ,or partnership consisting of more than 20 members can be formed for the purpose of carrying on any business for gain unless it is registered as a company under The companies act or is formed in pursuance of some other indian law
why in the above company is used??????(in line 1)
18 September 2011
Because in the partnership not more than 20 partners can be taken and therefore the only left out mode of formation is company.
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