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Companies Act, 1973 (Act No. 61 of 1973)

Chapter III: Types and forms of Companies

Limitations on Partnerships and Associations for Gain

31. Unregistered associations carrying on business for gain not to be corporate bodies

 

 

No association of persons formed after the thirty-first day of December, 1939, for the purpose of carrying on any business that has for its object the acquisition of gain by the association or by the individual members thereof, shall be a body corporate, unless it is registered as a company under this Act or is formed in pursuance of some other law or was before the thirty-first day of May, 1962, formed in pursuance of Letters Patent or Royal Charter.