https://www.taxtmi.com/caselaws?id=97351 An unregistered association of more than twenty persons conducting recurring contributions, distributions and business transactions qualifies as an unregistered company formed for acquisition of gain and is illegal under the Companies Act prohibition; where pleaded particulars put plaintiffs on notice, civil courts are not competent to entertain suits concerning rights arising from such an association. The correct remedy is procedural relief under company law (winding up) rather than an ordinary civil suit, and therefore a lower-court finding permitting the suit is set aside and revision is allowed in favour of the petitioner. en-us Thu, 08 Sep 1955 00:00:00 +0530 Mon, 16 Jan 2012 13:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97351 An unregistered association of more than twenty persons conducting recurring contributions, distributions and business transactions qualifies as an unregistered company formed for acquisition of gain and is illegal under the Companies Act prohibition; where pleaded particulars put plaintiffs on notice, civil courts are not competent to entertain suits concerning rights arising from such an association. The correct remedy is procedural relief under company law (winding up) rather than an ordinary civil suit, and therefore a lower-court finding permitting the suit is set aside and revision is allowed in favour of the petitioner. Case-Laws Companies Law Thu, 08 Sep 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97351