BCOC 135 ASSIGNMENT QUESTION ANSWER 

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Q-1 What is an illegal association? What are its consequences?

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ANS- An illegal Association is governed by Section 464 of the Companies Act.

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Section 464 of the Act provides that no company, association or partnership

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consisting of more than 50 persons be formed to carry on any business for gain unless

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it is registered under Companies Act or any other Indian law.

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It is not necessary that such an association must be registered under the

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Indian Companies Act. It may be registered under some other Indian law.

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