Six name in preferential order need to be proposed step2. Incorporation of section 8 company under company law taxguru. Foreign exchange dealers association of india registered under section 25 of the companies act, 1956 17 floor, maker towers f, cuffe parade, mumbai 400 005. The applicant looking to start a section 8 company has to file form inc1 for. Under the companies act act, 1956, section 25 company can be defined as a. Section 263a sections 177, 255, 256 and 263 not to apply in relation to companies not carrying business for profit, etc. Section 25 companies under companies act 1956 corporate. Section 25 companies under companies act 1956 under indian law 3 legal forms exist for non profit organizations 1 trusts 2 societies 3 section 25 companies due to better laws section 25 companies have the most reliable strongest organizational structure section 25 companies are those compa. Profit and risk taking are the main elements of a company. Construction of references to documents annexed to accounts. Presentation on issues in itr 7 data filling by taxpayers. Section 264 consent of candidate for directorship to be filed with the company and consent to act as director to be filed with the registrar. The application shall be accompanied by the following documents, namely. Company is a form of business organizations in which the individuals contribute some amount of capital.
In erstwhile, companies act, 1956 it was regulated by section 25 and that is why it. Section 25 companies in the companies act, 1956 advisory. Registrar of companies shall scrutinize the documents and if the registrar of companies is. Section 8 company old section 25 company indiafilings. This option is available to upload the pdf documents. Section 25 companies rae nonprofit companies granted license under the. The surplus assets, if any may be given to a similar charitable concern. Under the companies act act, 1956, section 25 company can be defined as a limited company formed for the sole object of promoting commerce, art, science, religion, charity, or any other useful object, and intends to apply its profits, if any, or other income in promoting its objects, and to prohibit the payment of any dividend to its members.
Section 25 companies under companies act 1956 legal news. Any person aggrieved by any decision or order of the company law board may file an appeal to the high. Winding up of the company section 25 company can be wound up if the objects for which it had been established are fully achieved. Execute documents of all the property in the name of your beloved wife and. Power to dispense with limited in name of charitable or other company. India the companies act 1956 sec 25 power to dispense with limited in name of charitable or other company. Section 8 company the old section 25 company is a company incorporated.
69 201 698 858 72 1088 381 355 682 524 1282 1410 562 204 23 333 665 854 185 1254 53 1078 1000 1118 326 1360 857 1452 32 1085