https://www.taxtmi.com/caselaws?id=98477 Where a partnership is formed through kartas representing Hindu undivided families, section 4(3) of the Indian Companies Act, 1913 requires the adult members of those joint families to be counted to determine whether the arrangement exceeds the statutory limit of twenty persons. The analysis distinguishes the karta's representative capacity from the underlying family composition, treating the partnership as one that may breach the statutory threshold even though the deed names fewer individual signatories. On the majority view, that counting method brings the partnership within section 4(2) and prevents registration under section 26A of the Income-tax Act, 1922. A dissenting view would count only the contracting kartas and not the adult family members. en-us Thu, 30 Nov 1967 00:00:00 +0530 Fri, 20 Jan 2012 17:29:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98477 Where a partnership is formed through kartas representing Hindu undivided families, section 4(3) of the Indian Companies Act, 1913 requires the adult members of those joint families to be counted to determine whether the arrangement exceeds the statutory limit of twenty persons. The analysis distinguishes the karta's representative capacity from the underlying family composition, treating the partnership as one that may breach the statutory threshold even though the deed names fewer individual signatories. On the majority view, that counting method brings the partnership within section 4(2) and prevents registration under section 26A of the Income-tax Act, 1922. A dissenting view would count only the contracting kartas and not the adult family members. Case-Laws Companies Law Thu, 30 Nov 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98477