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	<title>TaxGuru &#187; profit organisations</title>
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		<title>Section 25 Companies, Charitable Trust, NGO, Societies under the purview of Prevention of Money Laundering Act (PMLA) 2002</title>
		<link>http://taxguru.in/finance/section-25-companies-charitable-trust-ngo-societies-under-the-purview-of-prevention-of-money-laundering-act-pmla-2002.html</link>
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		<pubDate>Fri, 20 Nov 2009 03:10:23 +0000</pubDate>
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				<category><![CDATA[Finance]]></category>
		<category><![CDATA[black money]]></category>
		<category><![CDATA[charitable trusts]]></category>
		<category><![CDATA[chit fund]]></category>
		<category><![CDATA[educational institutions]]></category>
		<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[government organisations]]></category>
		<category><![CDATA[housing finance companies]]></category>
		<category><![CDATA[indian companies act]]></category>
		<category><![CDATA[monetary transactions]]></category>
		<category><![CDATA[money laundering act]]></category>
		<category><![CDATA[official gazette]]></category>
		<category><![CDATA[pmla]]></category>
		<category><![CDATA[private organisations]]></category>
		<category><![CDATA[profit organisations]]></category>

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		<description><![CDATA[ Earlier, the entities that fell under the ambit of the law included only chit fund companies, banking companies, financial institutions and housing finance companies. The amendment now says any company registered under section 25 of the Indian Companies Act, 1956, and/or as a trust or society under the Societies Act, 1860, or any similar state legislation, will be brought under the purview of PMLA.]]></description>
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