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Company law

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15 April 2014 a private company has 20 partners,including a private company which is having 30 shareholders. is it an illegal association as per sec 11 of companies act? suggest if not than what are the reasons for thia casa.
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SHAKTI JINDAL

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SHAKTI JINDAL (Expert)
17 April 2014 The private company would be having 20 shareholders and not "partners". Further, a private company comes into existence on its incorporation/registration. Therefore, it would not be an illegal association even if all its members are partners of some firms.
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