Legal validity of partnership firm.

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..... rship. 2. Section 11(2) of the Companies Act, 1956(Act No. 1 of 1956) reads as under:- "No company association or partnership, consisting or more than twenty persons shall be formed for the purpose of carrying on any other business that has for its object the acquisition of gain by the company, association or partnership, or by the Individual members thereof, unless it is registered as a compa .....

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