https://www.taxtmi.com/caselaws?id=97232 An association formed with more than twenty members for gain, without registration, fell within the statutory prohibition in section 4(2) of the Indian Companies Act, 1913. The court reasoned that it would not recognise or assist an association whose formation the statute forbade, and that Part IX on unregistered companies applied only to bodies capable of remaining unregistered lawfully. Read with sections 2(2), 2(7) and 270, the winding-up machinery was held not to validate an illegal association. The winding up petition was therefore not maintainable and was dismissed. en-us Sat, 18 Feb 1854 00:00:00 +0553 Mon, 16 Jan 2012 10:22:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97232 An association formed with more than twenty members for gain, without registration, fell within the statutory prohibition in section 4(2) of the Indian Companies Act, 1913. The court reasoned that it would not recognise or assist an association whose formation the statute forbade, and that Part IX on unregistered companies applied only to bodies capable of remaining unregistered lawfully. Read with sections 2(2), 2(7) and 270, the winding-up machinery was held not to validate an illegal association. The winding up petition was therefore not maintainable and was dismissed. Case-Laws Companies Law Sat, 18 Feb 1854 00:00:00 +0553 https://www.taxtmi.com/caselaws?id=97232