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464 any business
in above section the word any business is used, does it means a association of less than 50 members can do illegal business, as any business is term used their.
Replies (3)
it may not come into the preview of companies act if the number is less than as specified,
if at all illegal business is carried by less than specified number then is prohibited under some other Acts, in Indian we have enough Acts to cover such type of activities☺☺
if at all illegal business is carried by less than specified number then is prohibited under some other Acts, in Indian we have enough Acts to cover such type of activities☺☺
okay. it's satisfactory but can u relate it to section 464
relation will come into force only if number exceeds as specified
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