https://www.taxtmi.com/caselaws?id=97948 The High Court of Madras upheld the lower courts' decisions regarding the legality of a partnership agreement formed without registration under the Indian Companies Act. The court ruled that the partnership agreement between a company and two individuals was valid as it involved only three individuals, not exceeding the 20 shareholders limit. Additionally, the court justified the dissolution of the partnership based on partners' conduct, financial losses, and inability to operate profitably under section 44 of the Indian Partnership Act. The court dismissed the appeal, affirming the dissolution of the partnership. en-us Tue, 01 May 1962 00:00:00 +0530 Wed, 18 Jan 2012 16:40:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97948 The High Court of Madras upheld the lower courts' decisions regarding the legality of a partnership agreement formed without registration under the Indian Companies Act. The court ruled that the partnership agreement between a company and two individuals was valid as it involved only three individuals, not exceeding the 20 shareholders limit. Additionally, the court justified the dissolution of the partnership based on partners' conduct, financial losses, and inability to operate profitably under section 44 of the Indian Partnership Act. The court dismissed the appeal, affirming the dissolution of the partnership. Case-Laws Companies Law Tue, 01 May 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97948