section 25 company

Government is planning to relax exit norms for not-for-profit companies to allow them to de-register without having to follow cumbersome regulations. "The Ministry has been receiving representation from various stakeholders to develop a procedure for strike off name under section 560 of the Companies Act, 1956 of companies (non-profit companies) which have been granted licence under section 25 of the Companies Act, 1956," the MCA said in its proposal. Full Article

Proposed guidelines for conversion of section 25 company (non profit company) to an ordinary company under Companies Act, 1956. - The Ministry has been receiving representation from various stakeholders to develop a procedure under Companies Act, 1956 for conversion of section 25 company (non-profit company) to an ordinary company because there are a number of section 25 companies which have not done any activity after obtaining license under section 25 or have stop.. Full Article

The government today eased rules for incorporating not-for-profit companies, by giving the Registrar of companies the power to directly issue licences. Besides, it has reduced the time taken for setting up Section 25 companies by doing away with some mandatory provisions, Ministry of Corporate Affairs Joint Secretary Avinash Srivastav told reporters here. Full Article

There are three different ways in which one can share good fortune with others in an organised and enduring manner and receive legal protection as well as tax benefits. One can set up either a public charitable trust, a registered society, or a Sec Full Article

As you may be aware that the ICAI has taken a lead role in the development and promotion of XBRL in India and has accordingly set up a provisional jurisdiction of XBRL in India. Full Article

A. What is a public company limited by shares? In terms of section 3(1)(iv) of the Companies Act, 1956 a public company means a company which is not a private company and has a minimum paid-up capital of five lakh rupees or such higher paid-up capital as may be prescribed. A private company which is [...] Full Article

The government is planning to permit corporate houses to set up higher educational institutions -- like multi-disciplinary universities and colleges -- by floating a separate not-for-profit entity under Section 25 of the Companies Act 1956. Full Article