FORMATION OF SECTION 8 COMPANY ♣ When a person or an association of person is desirous of forming a Limited Company with any of the below objectives/intentions: (a) promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object; (b) apply its profits, if any, or […]
Annual Compliances for Section 8 Company ♣ Section 8 Company is the Company, which– a. has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object; b. intends to apply its profits, if any, or other income in promoting its objects, […]
Article explains Applicability of Corporate Social Responsibility (‘CSR’), B. Compliances to be undertaken upon applicability of CSR, Permitted Sectors for CSR, Methods of Implementation of CSR Amount, Proposed Amendments under Companies Amendment Act, 2019 (yet to be notified) which explains Treatment of the unspent CSR Amount and Introduces Penal Provisions. A. Applicability of Corporate Social […]
