What Is A Section 25 Company

Section 25 companies are non profit companies are granted license and registered as any other company and may be a public or private company.

What is a section 25 company. Securities may be delisted from an exchange for various reasons. This section provides an alternative to those who want to promote charity without creating a trust or a society for the purpose. Procedure what is a non profit making company.

Thus there are three criteria for determining whether a particular company is section 25 company or not. Citation needed ian butterworth parted company with the section 25 at the end of the year. So you can form a ngo under section25company form and can enjoy its privileges.

Where it is proved to the satisfaction of the central government that an association is about to be formed as a limited company for promoting commerce art science religion charity. Though the purposes for which such a company is formed is clearly laid down in sub section 1 of section 25 and are majorly charitable purposes. Understanding sec form 25.

5 time and place of agm. A section 25 company has been exempted from the provisions of section 147 and as such is not required to mention its name and address as required in case of all other companies. The section 25 notice cannot be served on the tenant if the tenant has pre empted this by serving a section 26 notice first see section 26 notice.

It allows the formation of a company which will exist as a legal entity in its own right separate from the person promoting it. The profits accrued or any other income obtained is used in promotion of its objectives and it prohibits. Section 25 companies under the companies act 1956 are companies formed for promoting commerce art science religion charity or any other useful object.

In november this revised line up played with peter hook in paris brussels oss in the southern netherlands and krefeld in north rhine westphalia germany. Power to dispense with limited in name of charitable or other company. Section 25 company is one of the popular forms of non profit organisation in india.