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Illegal association

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Querist : Anonymous

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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)
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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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