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What’s better- Trust, Society or section 8 Company?

Income Tax : One can set up either a public charitable trust, a registered society, or a Section 8 Company (a trust corporation). Each has it...

August 5, 2018 107865 Views 6 comments Print

Simple way to understand Substantially Interested Public Companies

Company Law : Under Section 2(18) of the Income tax a company is said to be a company in which the public are substantially interested in the fo...

September 25, 2015 17788 Views 1 comment Print

Short guide on Legal issues involved with NGOs in India

Income Tax : NGO’s or charity work in India can be carried out by various methods/forms of business, such as a Trust/ A society or by a Non-P...

May 4, 2015 9377 Views 0 comment Print

A guide to formalising the charity work you are intending to do in India

Finance : Forming a, Trust or a Society, or a Company Generally speaking, any organisation that devotes its funds for public welfare is a no...

May 2, 2015 948 Views 0 comment Print

Procedure to incorporate Section 8 Companies

Company Law : Objectives of Company proposed to be formed under Section 8 of Companies Act 2013 should be to promote commerce, art, science, sp...

March 15, 2015 3609 Views 0 comment Print


Latest News


Govt planning to relax exit norms for not-for-profit companies

Company Law : Government is planning to relax exit norms for not-for-profit companies to allow them to de-register without having to follow cumb...

July 12, 2011 1039 Views 0 comment Print

Govt eases rules for incorporating not-for-profit (Section 25) companies

Company Law : The government today eased rules for incorporating not-for-profit companies, by giving the Registrar of companies the power to dir...

May 24, 2011 2501 Views 0 comment Print

Setting up of Section 25 Company for XBRL India

CA, CS, CMA : 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 ...

September 7, 2010 622 Views 0 comment Print

Government planning to allow section 25 companies to set up higher educational institutions

Company Law : The government is planning to permit corporate houses to set up higher educational institutions -- like multi-disciplinary univers...

November 10, 2009 2816 Views 0 comment Print


Latest Posts in section 25 company

Duty-Free Import Breach Due to Unforeseen Circumstances: A CESTAT Ahmedabad Decision

March 10, 2024 201 Views 0 comment Print

Maersk Line India Pvt Ltd’s case on confiscated containers under Customs Notification analyzed by CESTAT Ahmedabad. Details on import, violation, and verdict.

Microfinancing activity by charging exorbitant interest not charitable in nature: ITAT Bangalore

March 7, 2024 258 Views 0 comment Print

ITAT Bangalore held that microfinancing activities by charging exorbitant interest cannot be considered to be charitable purpose in terms of section 2(15) of the Income Tax Act accordingly exemption claimed u/s 11 and 12 duly deniable.

VAT/Sales Tax Payment Not Conclusive for Service Tax Exclusion: CESTAT Allahabad

March 4, 2024 264 Views 0 comment Print

CESTAT Allahabad rules that payment of VAT/Sales Tax on deemed sales does not automatically exclude the transaction from service tax liability.

PMLA Proceedings Dismissal for Some Individuals Doesn’t Automatically Drop Charges for Co-Accused: Delhi HC

February 24, 2024 249 Views 0 comment Print

Delhi HC upholds PMLA proceedings against co-accused despite dropping charges against some, emphasizing distinct nature of offenses under PMLA and IPC.

Documents conveying right to use software rightly classifiable under CTH 49

February 16, 2024 183 Views 0 comment Print

Read about CESTAT Bangalore’s ruling confirming separate classification for software licenses and software, allowing the benefit of nil customs duty rate.

Proviso to sec. 2(15) conditions to be fulfilled as publishing advertisement intrinsically linked with activity of trust

February 13, 2024 219 Views 0 comment Print

ITAT Mumbai held that the activity of the trust for publishing advertising in the newspaper is intrinsically linked for newspaper activity falls within the ambit of sub-clause (i) of Subsection 2(15) and conditions imposed in sub-clause (ii) of the proviso has to be fulfilled.

Delay in trial cannot be used as ground to grant bail: Supreme Court

February 10, 2024 369 Views 0 comment Print

Supreme Court held that mere delay in trial pertaining to grave offences cannot be used as a ground to grant bail. Accordingly, bail application of appellant accused under Unlawful Activities (Prevention) Act, 1967 rejected.

Exemption u/s 11 available to Indian Chamber of Commerce on its entire receipts

January 16, 2024 369 Views 0 comment Print

ITAT Kolkata held that the Indian Chamber of Commerce (ICC) is entitled to exemption u/s 11 of the Act as ICC is not carrying on any activity of holding meetings, seminars and conferences for business purpose but only in support its main object hence it is not hit by the proviso to Section 2(15) of the Act even post amendments.

No statutory set off or insolvency set off was applicable to CIRP under IBC

January 11, 2024 594 Views 0 comment Print

Statutory set off or insolvency set off was not applicable to Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC).

GST Registration Cannot be Cancelled for Continuous Nil Returns Beyond 6 Months

January 10, 2024 30654 Views 0 comment Print

Explore the Kali Shankar Enterprises vs Additional Commissioner case. Andhra Pradesh High Court rules GST cancellation cannot be based on filing nil returns for over six months. Full judgment included.