What is Section 25 of the Companies Act?

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 …

What is Section 25 of Companies Act, 2013?

(1) Where a company allots or agrees to allot any securities of the company with a view to all or any of those securities being offered for sale to the public, any document by which the offer for sale to the public is made shall, for all purposes, be deemed to be a prospectus issued by the company; and all enactments …

What is the significance of Section 25 Companies Act?

A “Section 25” company is registered under Section 25 of the Companies Act, 1956. This section provides an alternative to those who want to promote charity without creating a Trust or a Society for the purpose.

What is the difference between Section 8 and Section 25 company?

A Section 8 Company is the same as the popular Section 25 company under the old Companies Act, 1956, which was one of the most popular forms of Non- Profit Organisations in India. intends to apply its profits, if any, or other income in promoting its objects; and.

Free for one month and pay only if you like it. 25. Power to dispense with” Limited” in name of charitable or other company.

When does the Companies Act come into force?

Different provisions of the Companies (Amendment) Act, 2017 including any amendments, references in any provisions there in , shall come into force on such date or dates as the Central Government may, by notification in the Official Gazette appoints.

What are the provisions of the Companies Act 1956?

(2) The association may thereupon be registered accordingly; and on registration shall enjoy all the privileges, and (subject to the provisions of this section) be subject to all the obligations, of limited companies.

When was the American Business Act launched?

July 27, 2015 FACT SHEET: White House Launches American Business Act on Climate Pledge