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Out of the following, which are the activities which are barred to illegal association:
To enter into a valid contract
To sue any member or outsider
Be sued by any member of company or outsider for recovery of debt
All of the above
As per Section 464 of Companies Act, 2013 firm having more than 50 partners as per Companies (Miscellaneous) Rules, 2014 must be registered as company under Companies Act, 2013, if not such entity is known as illegal association. Such illegal association cannot enter into valid contract, it cannot sue or be sued by any member or outsider.
By: Vikas Goyal ProfileResourcesReport error
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