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
Analyze the differences between a proposal and an invitation to treat and discuss the rules to determine the point of time on which an agreement is reached. Using the latest Malays


It was noted by stakeholders that phoenix activity has evolved significantly over the past decade. First, the ATO noted that they are seeing significantly less 'asset stripping' of

Restricted Names:  Section 17)1) of the Registration of Business Names Act provides that no company shall be registered under a business name: (a)     which contains any wo

Legal Pyramid: However the sources of England law mentioned above may be described through the aid of the following diagram or "legal pyramid"; NOTE: there as;

Directors liability: This was fraudulent preference and the bank must repay the sums received. The directors' liability under their guarantee to the bank then revived. A paym

how evidence is used to prove a criminal offence: This question is asking you to consider the importance of evidence, how it is used and how reliable it may be in supporting

Political and Education function of Chief Justice Political Function Moreover the chief justice administers the presidential oath for the person who is elected like pre

Question 1 - Hatfield owned a large farm on which he grew grain. His combine was inadequate in relation to the acreage of grain that he harvested annually. As a result, on seve

Several rules for Fraudulent trading: Various rules have been established to determine what is fraudulent trading: (a) Only persons who take the decision to carry on the co