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section 25 company

Latest Articles


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 108522 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 20941 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 9779 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 1050 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 3729 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 1198 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 2654 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 691 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 3428 Views 0 comment Print


Latest Judiciary


SAD Refund allowable despite filing beyond one-year limitation: Delhi HC

Custom Duty : Revenue argued that the refund claims were time-barred and that Section 27 of the Customs Act should apply strictly. They further ...

April 22, 2025 33 Views 0 comment Print

Additional duty leviable even if goods are exempted from basic customs duty: Madras HC

Custom Duty : Madras High Court held that the goods imported, even though exempted from basic customs duty, may still be subject to levy of add...

April 18, 2025 141 Views 0 comment Print

Refund granted as non-passing of duty incidence certified by Chartered Accountant

Custom Duty : CESTAT Ahmedabad held that Chartered Accountant certificate stated that duty incidence has not been passed on to the customers. He...

April 16, 2025 102 Views 0 comment Print

Resolution plan of Nav Jyoti Agro Foods Pvt. Ltd. approved: NCLT Chandigarh

Corporate Law : NCLT Chandigarh held that since resolution plan in respect of Nav Jyoti Agro Foods Private Limited meets requirement of section 30...

April 14, 2025 120 Views 0 comment Print

Exemption u/s. 11 and 12 allowed as application of funds was deployed not to earn income

Income Tax : Delhi High Court held that application of funds by Indian Broadcasting Foundation in BARC doesn’t qualify as deployment was not ...

April 8, 2025 207 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 8859 Views 0 comment Print


Latest Posts in section 25 company

SAD Refund allowable despite filing beyond one-year limitation: Delhi HC

April 22, 2025 33 Views 0 comment Print

Revenue argued that the refund claims were time-barred and that Section 27 of the Customs Act should apply strictly. They further submitted that the Supreme Court had not conclusively resolved the divergence between the Delhi and Bombay High Court positions. On appeal.

Additional duty leviable even if goods are exempted from basic customs duty: Madras HC

April 18, 2025 141 Views 0 comment Print

Madras High Court held that the goods imported, even though exempted from basic customs duty, may still be subject to levy of additional duty under the respective enactments.

Refund granted as non-passing of duty incidence certified by Chartered Accountant

April 16, 2025 102 Views 0 comment Print

CESTAT Ahmedabad held that Chartered Accountant certificate stated that duty incidence has not been passed on to the customers. Hence, refund cannot be rejected by brushing aside Chartered Accountant certificate without any cogent reason.

Resolution plan of Nav Jyoti Agro Foods Pvt. Ltd. approved: NCLT Chandigarh

April 14, 2025 120 Views 0 comment Print

NCLT Chandigarh held that since resolution plan in respect of Nav Jyoti Agro Foods Private Limited meets requirement of section 30(2) of the Insolvency and Bankruptcy Code, 2016 the same stands approved as filed by the resolution professional.

Exemption u/s. 11 and 12 allowed as application of funds was deployed not to earn income

April 8, 2025 207 Views 0 comment Print

Delhi High Court held that application of funds by Indian Broadcasting Foundation in BARC doesn’t qualify as deployment was not intended to yield income/profit hence denial of exemption u/s. 11 and 12 of the Income Tax Act not justified.

Exemption notification 146/94-Cus doesn’t impose ‘Actual User’ condition: CESTAT Delhi

April 8, 2025 114 Views 0 comment Print

CESTAT Delhi held that exemption notification 146/94-Cus doesn’t state ‘Actual User’ condition. Accordingly, confiscation of imported arms and ammunitions is liable to be set aside.

No customs duty demand as SAD Exemption was applicable on De-Bonding

April 7, 2025 147 Views 0 comment Print

While at the time of debonding, the value of raw material cleared had to be valued at the time of importation, and the rate of duty was the effective rate of duty leviable on the imported goods at the time of debonding.

Notification no. 36/2021-Customs doesn’t have retrospective effect: CESTAT Delhi

March 26, 2025 102 Views 0 comment Print

CESTAT Delhi held that Amendment Notification no. 36/2021-Customs dated 19.07.2021 cannot be said to be retrospective in nature. Accordingly, orders are liable to be set aside and all the appeals are allowed.

Reassessment not Change of Opinion if original assessment not involve any formation of opinion

March 10, 2025 105 Views 0 comment Print

It was held that in the original assessment under Section 143(1), the issue related to the deed of purchase of land was not looked into as the same was not reported in the assessee’s income before the Revenue.

Accumulation u/s. 11(1)(a) allowed at 15% of gross receipts: ITAT Delhi

February 28, 2025 6123 Views 0 comment Print

ITAT Delhi held that accumulation under section 11(1)(a) of the Income Tax Act is to be allowed at 15% of gross receipts. Accordingly, appeal of the assessee allowed.

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