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    Question

    Section 464 of the Companies Act, 2013 relating to

    prohibition of association or partnership of persons exceeding certain number shall not be applicable to ____________
    A HUF Correct Answer Incorrect Answer
    B Dormant companies Correct Answer Incorrect Answer
    C Professional association or partnership governed by special Acts Correct Answer Incorrect Answer
    D Both (a) & (b) Correct Answer Incorrect Answer

    Solution

    As per Section 464 of the Companies Act, 2013 - Nothing in sub-section (1) shall apply to: (a) a Hindu undivided family carrying on any business; or (b) an association or partnership, if it is formed by professionals who are governed by special Acts.

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