Prohibition on unregistered associations: exceeding prescribed membership requires company registration, with exceptions and personal liability for members. Prohibition on unregistered associations or partnerships exceeding a prescribed membership prevents formation for profit unless registered under the Companies Act or formed under other law; the prescribed maximum shall not exceed one hundred. Exceptions include Hindu undivided families and professional associations under special Acts. Members in contravention are liable to a fine and personally liable for all business liabilities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prohibition on unregistered associations: exceeding prescribed membership requires company registration, with exceptions and personal liability for members.
Prohibition on unregistered associations or partnerships exceeding a prescribed membership prevents formation for profit unless registered under the Companies Act or formed under other law; the prescribed maximum shall not exceed one hundred. Exceptions include Hindu undivided families and professional associations under special Acts. Members in contravention are liable to a fine and personally liable for all business liabilities.
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