List Of Section 25 Companies

Pls herewith find the list of sec 25 companies in india source www mca gov in corporate law others.

List of section 25 companies. The minimum directors required are three 2. Section 25 company in india. A section 25 company is registered under section 25 of the companies act 1956.

16 february 2011 section 25 companies are those companies which are formed for the sole purpose of promoting commerce art science religion charity or any other useful object and have been granted a licence by the central government recognizing them as such. It allows the formation of a company which will exist as a legal entity in its own right separate from the person promoting it. Ca karthik a v s k chartered accountant 07 may 2011.

Section 25 companies are formed with the intention of promoting such activities. 11 admission of partnership firm despite of the fact that law does not allow partnership firm to become a member of a body corporate as it does not have a legal personality of its own. 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.

Section 25 companies are exempted from section 259 and are thus free to increase the number of its directors without seeking approval of central government. This section provides an alternative to those who want to promote charity without creating a trust or a society for the purpose. The advantages of section 25 companies over other companies registered under companies act are discussed below.

Section 25 companies under companies act 1956. Such companies should intend to apply its profits if any or other income only in promoting its objects and must also prohibit. Section 25 company in india for the promotion of commerce art science sports religion charity or any other discipline section 25 companies prove to be the most reliable strongest organizational structure.

Apply for name approval after. 1 all companies having limited liability are required to use the term limited or private limited as the case may be in their names as required by section 13. Ca karthik a v s k chartered accountant.