Section 11 Companies Act 1956

 

Section 11 Companies Act 1956: 

Prohibition of associations and partnerships exceeding certain number.

(1) No company, association or partnership consisting of more than ten persons shall be formed for the purpose of carrying on the business of banking, unless it is registered as a company under this Act, or is formed in pursuance of some other Indian law.

(2) No company, association or partnership consisting of 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 company under this Act, or is formed in pursuance of some other Indian law.

(3) This section shall not apply to a joint family as such carrying on a business; and where a business is carried on by two or more joint families, in computing the number of persons for the purposes of sub- sections (1) and (2), minor members of such families shall be excluded.

(4) Every member of a company, association or partnership carry- ing on business in contravention of this section shall be personally liable for all liabilities incurred in such business.

(5) Every person who is a member of a company, association or partnership formed in contravention of this section shall be punish- able with fine which may extend to one thousand rupees. Memorandum of Association


Supreme Court of India Important Judgments And Leading Case Law Related to Section 11 Companies Act 1956:  Not Yet Available

Manish Kumar vs Union Of India on 19 January, 2021

Chloro Controls(I) P.Ltd vs Severn Trent Water Purification on 28 September, 2012

Chloro Controls(I) P.Ltd vs Severn Trent Water Purification on 28 September, 2012

Sahara India Real Estate vs Securities & Exch.Board Of India &  on 31 August, 2012

The Church Of South Indiatrust vs The Telugu Church Council on 10 January, 1996

Director Of Income Tax vs Bharat Diamond Bourse on 16 December, 2002

Ritesh Agarwal & Anr vs Securities & Exchange Board Of  on 13 May, 2008

Indowind Energy Ltd vs Wescare (I) Ltd.& Anr on 27 April, 2010

M/S.Shree Ram Mills Ltd vs M/S.Utility Premises (P) Ltd on 21 March, 2007

Ritesh Agarwal & Anr vs Securities & Exchange Board Of  on 13 May, 2008



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