illegal association section 464

If any association of person more than 50 working together to earn profit and not registered as company or LLP is treated as illegal association.

Exception to HUF, Association governed by Special act.

Thanks alot for this

Central government change this limit of 50 persons or not ????

No association or partnership shall be formed, consisting of more than fifty persons for the purpose of carrying on any business that has for its objects the acquisition of gain by the association or partnership or by individual members thereof, unless it is registered as a company under the Act or is formed under any other law for the time being in force.

Presently it's 50 only which may extend to 100.

This topic cleared thankew ***