Illegal partnerships - number of partners, Business Law and Ethics

Illegal Partnerships - Number of Partners

However a partnership will be illegal in the following state of affairs: like;;

(a)   Whether it is formed for an illegal purpose that likes a purpose whether is contrary to public policy. And one is

(b)   Whether it consists of more than 20 members.

Through virtue of Section 389 of the Companies Act since never association consisting of more than twenty persons shall be like formed for the purpose of carrying upon a business regarding a view to profit unless it is registered as a company below the Act, or is formed in pursuance of various other Act of Parliament or may of letters patent. Therefore the effects of a breach of this provision then read Fort Hall Bakery Supply Co. v. Wangoe also.

Posted Date: 1/22/2013 5:56:35 AM | Location : United States







Related Discussions:- Illegal partnerships - number of partners, Assignment Help, Ask Question on Illegal partnerships - number of partners, Get Answer, Expert's Help, Illegal partnerships - number of partners Discussions

Write discussion on Illegal partnerships - number of partners
Your posts are moderated
Related Questions
Main advantages - mergers and winding up: A scheme of arrangement under s.207 offers three main advantages: (a)     it can be used in circumstances to which s.210 and s.280

Non-Payment of Cheques A banker's authority about pay a cheque that will be determined or that terminated through: like; (a) Countermand of payment, below s.75 (a). the Act

QUESTION (a) Mr Raj owns a plot of land and wishes to invest in the tourism industry and seeks your advice as to whether he needs to apply for a tourist enterprise licence and

On which convention International humanitarian law is based International humanitarian law  is  not  wholly  based  on  the  Geneva  Convention and  Hague convention. These law

Explain the important provisions of the UN charter Some important provisions of the UN charter are the Article 92, which makes the ICJ an integral part of the UN charter, Artic

Registered Office Clause:                          Section 5(1) (b) provides that the memorandum of association shall state that "the registered office of the company is to be

Interpretation of Constitution - High Court After then under Section 67(1) of the Constitution gives that whether any question as to the interpretation of the constitution ari

"The liability of third party neutrals has been a topic of concern ever since the formalisation of dispute resolution in Australia.  Although there are no known cases in Australia

Liquidators and Receivers: The distinction between liquidators and receivers must be kept clear: (a) a receiver is a representative of secured creditors appointed by them (

QUESTION (a) Under the UTM Regulations, an unsatisfied student can entertain an academic appeal within 10 days from the date he gets his result. X gets his result on the 3rd of