The concept of non-profit making company is quite old in India. In erstwhile Companies Act, 1956 it was regulated by Section 25 and that is why it was popular as Section 25 Company. However in Companies Act 2013 provisions related to non-profit making company are given in Section 8 read with Rule 19 and 20 of Companies (Incorporation) Rules, 2014. Such organization can be registered as trusts, societies, or as a non-profit company incorporated under Section 8 of the Companies Act, 2013.
This article is meant for providing information regarding the procedures and process for incorporation of a non-profit making company as given in Section 8 read with Rule 19 and 20 of Companies (Incorporation) Rules, 2014.read more
The concept of One-person company is a new vehicle/form of business, introduced by the Companies Act 2013, thereby enabling entrepreneurs carrying on the business in the sole-proprietor form of business to enter into a corporate framework.
OPC is a hybrid of sole-proprietorship and Company form of business and has been provided with concessional/relaxed requirements under the Act.
It helps the person having sole-proprietorship to create a single-person economic entity same like other forms of business. One person company offers limited liability protection to its stakeholders has continuity of business and is easy to incorporate. Incorporation of OPC requires minimum paperwork and compliance.read more
Registration, Incorporation and Formation of Company â€œThere are no secrets to success. It is the result of preparation, hard work, and learning from failure.â€ At J. K. Gupta & Associates, we have a passion for our work, a strong bond with our colleagues and an unshakable dedication to our clients’ interests. We have the ability […]read more