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An association of 25 people not registered under the companies act...

This question belongs to Commerce Business And Commerce
Business and Commerce
?

An association of 25 people not registered under the companies act, but carrying on business, is a/an _________.

Answer & Solution
Correct Answer: Option D
An association of 25 people not registered under the companies act, but carrying on business, is an illegal association. An illegal association is not recognised by law.
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1 Comment
Indravti Devi
Indravti Devi 8 years ago
Why it is an illegal association, in partnership max.. Limit is 50 and not necessary to be registered like oral partnership
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