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.This Question Belongs to Commerce >> Business And Commerce
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Why it is an illegal association, in partnership max.. Limit is 50 and not necessary to be registered like oral partnership