write a short note on Illegal associations
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An illegal Association is governed by Section 464 of the Companies Act. Section 464 of the Act provides that no company, association or partnership consisting of more than 50 persons be formed to carry on any business for gain unless it is registered under Companies Act or any other Indian law.
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An illegal association is government by section 464 of companies Act. section 464 of the act provides that no company, association or partnership consisting of more than 50 persons be formed to carry on any business for gain unless it is registered under compliance act or any other law
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