Q35
An association of 25 people not registered under the companies act, but carrying on business, is a/an _________.
A.
partnership
B.
private company
C.
public company
D.
illegal association
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
An association of 25 people not registered under the companies act, but carrying on business, is an illegal association. An illegal association is not recognised by law.