MCA has added a new Rule i.e. 25B- Physical verification of Registered office of Company. Rule completes Section 12(9) of Companies Act, 2013
Advancement of any other object of general public utility would continue to be a charitable purpose, if the activity in the nature of trade, commerce, or business is undertaken in the course of actual carrying out of such advancement of any other object of general public utility and the aggregate receipts from any activity in the nature of trade, commerce or business, or any activity of rendering service in relation to any trade, commerce or business does not exceed 20% of the total receipts of the trust or institution undertaking such activities, for the previous year.
Learn about the various threshold limits under Companies Act, 2013. From small company criteria to filing annual returns, understand the regulations.
