Section 25 Company Benefits

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.

Section 25 company benefits. Maintenance of books of accounts section 25 company is required to maintain the books of accounts of only 4 years instead of 8 years increase in number of directors section 25 company are free to increase its number of directors without seeking approval of the central government u s 259. Procedure for registration of section 25 company given below is the brief procedure for registration of section 25 company. The minimum directors required are three 2.

Indian companies are required to use the term limited or private limited as the case. Both 125company and benefit strategies are recognized as two highly successful third party administrators and combining our resources will allow us to provide better solutions and service to our customers. Apply for get director identification number the first step is to get din numbers for all the proposed directors of the company.

3 type of a non profit. Basically section 8 companies or erstwhile section 25 companies are prepared for not for profit purpose means they are established for promoting any social cause. If a section 25 company gets itself registered under section 80g then the person or the organization making a donation to the ngo will get a deduction of 50 from his its taxable income.

Lastly a section 25 company enjoys significant tax benefits. Luckily both 125company and benefit strategies use the same platforms so the transition will be seamless. Section 25 companies are formed with the intention of promoting such activities.

10g to the commissioner of income tax for such registration. Section 25 companies have been exempted from this requirement regarding minimum share capital. Apply for name approval after.

Depending on how it is registered under the income tax act companies could benefit from income tax exemptions or from the provision wherein people donating money to these companies receive income deductions in their income tax liability. But apart from these advantages there are some specific privileges conferred upon them that distinguish them from other companies. Time and place of agm â section 25 company has been exempted from provisions provided under section 166 2 as such they are free to determine the date place and time of its agm according to their convenience and feasibility the only condition being that time place and date of such meeting should have been pre determined by the board of directors in accordance with directions of the company if any.