https://www.taxtmi.com/caselaws?id=97613 An association formed by more than twenty persons for business gain without registration or a charter, in breach of a prohibitory statute, could not invoke the court's aid for a suit for accounts. The statute's public and prohibitory character remained relevant even though the objection was raised late, and the contract of association was treated as illegal. The analogy of an unregistered partnership was rejected because an unregistered firm is not itself illegal, whereas this association was constituted in violation of the governing law. Relief based on transactions of the illegal association was therefore refused, and members had no enforceable claim against each other for accounts or apportionment. en-us Tue, 09 Dec 1958 00:00:00 +0530 Thu, 04 Aug 2016 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97613 An association formed by more than twenty persons for business gain without registration or a charter, in breach of a prohibitory statute, could not invoke the court's aid for a suit for accounts. The statute's public and prohibitory character remained relevant even though the objection was raised late, and the contract of association was treated as illegal. The analogy of an unregistered partnership was rejected because an unregistered firm is not itself illegal, whereas this association was constituted in violation of the governing law. Relief based on transactions of the illegal association was therefore refused, and members had no enforceable claim against each other for accounts or apportionment. Case-Laws Companies Law Tue, 09 Dec 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97613