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Which of the following statement (s) is /are correct:
The illegal association would become legal on subsequent reduction in the members within statutory limits.
The illegal association would not become legal on subsequent reduction in the members within statutory limits
Illegal associations can be wound up under provisions of Companies Act
None of the above
If the number of members in an illegal association comes within the statutory limit, the illegal association would not become legal by virtue of such reduction. Such associations cannot be wound up under the provisions of Companies Act, 2013
By: Vikas Goyal ProfileResourcesReport error
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