Clarification on section 464 of the Companies Act, 2013 in Paper No. 2, Business Law,
Ethics and Communication at Intermediate (IPC) Level
The students are hereby informed that according to section 464(1) of the Companies Act,2013, no association or partnership consisting of more than such number of persons as maybe prescribed shall be formed for the purpose of carrying on any business that has for itsobject the acquisition of gain by the association or partnership or by the individual membe
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