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382. No company, association or partnership consisting of more than twenty persons shall be formed for the purpose of carrying on any business [(other than the business of banking)] 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 Act of Parliament, or of letters patent. Banking and certain other companies to publish periodical statement.
© 1960 Crown Copyright
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