Examveda
Examveda

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

A. partnership

B. private company

C. public company

D. illegal association

Answer: Option D

Solution(By Examveda Team)

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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Comments ( 1 )

  1. Indravti Devi
    Indravti Devi :
    1 year 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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