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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 108039 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 18208 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 9473 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 963 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 3633 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 1060 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 2525 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 628 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 2930 Views 0 comment Print


Latest Judiciary


CESTAT Allahabad Orders Return of Gold Seized by Custom Authorities

Custom Duty : Read the detailed analysis of the CESTAT Allahabad order directing the Commissioner of Customs to return seized gold, ruling it wa...

May 17, 2024 282 Views 0 comment Print

UPVAT: Section 54(1)(2) Penalty Not Imposable for Best Judgement Assessment: Allahabad HC

Goods and Services Tax : Allahabad High Court held that penalty under Section 54(1)(2) of the U.P. VAT Act, 2008 cannot be imposed in cases, wherein, the a...

April 12, 2024 858 Views 0 comment Print

Section 50(2) of PMLA empowers to summons any connected person during investigation: Allahabad HC

Corporate Law : Allahabad High Court held that provisions of section 50(2) of PMLA Act empowers Directorate of Enforcement to summon any person wh...

April 10, 2024 264 Views 0 comment Print

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

Custom Duty : Maersk Line India Pvt Ltd's case on confiscated containers under Customs Notification analyzed by CESTAT Ahmedabad. Details on imp...

March 10, 2024 294 Views 0 comment Print

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

Income Tax : ITAT Bangalore held that microfinancing activities by charging exorbitant interest cannot be considered to be charitable purpose i...

March 7, 2024 345 Views 0 comment Print


Latest Notifications


Proposed guidelines for conversion of section 25 company to an ordinary company

Company Law : Proposed guidelines for conversion of section 25 company (non profit company) to an ordinary company under Companies Act, 1956. -...

June 29, 2011 8478 Views 0 comment Print


Latest Posts in section 25 company

CESTAT Allahabad Orders Return of Gold Seized by Custom Authorities

May 17, 2024 282 Views 0 comment Print

Read the detailed analysis of the CESTAT Allahabad order directing the Commissioner of Customs to return seized gold, ruling it wasn’t smuggled. Learn about the case of Commissioner of Customs (Preventive) vs. Sai Max Jewelers.

UPVAT: Section 54(1)(2) Penalty Not Imposable for Best Judgement Assessment: Allahabad HC

April 12, 2024 858 Views 0 comment Print

Allahabad High Court held that penalty under Section 54(1)(2) of the U.P. VAT Act, 2008 cannot be imposed in cases, wherein, the assessment is made on the basis of Best Judgement Assessment.

Section 50(2) of PMLA empowers to summons any connected person during investigation: Allahabad HC

April 10, 2024 264 Views 0 comment Print

Allahabad High Court held that provisions of section 50(2) of PMLA Act empowers Directorate of Enforcement to summon any person whose attendance he considers necessary whether to give evidence or to produce any records during the course of any investigation/ proceeding.

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

March 10, 2024 294 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 345 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 357 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 303 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 237 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 351 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 750 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.

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