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Prohibition of associations and partnerships exceeding certain number.

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Full Text of the Document

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.... exceeding certain number. 11. (1) No company, association or partnership consisting of more than ten persons shall be formed for the purpose of carrying on the business of banking, unless it is registered as a company under this Act, or is formed in pursuance of some other Indian Law.      (2) No company, association or partnership consisting of more than twenty persons sha....

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