Co. act 1956

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22 February 2012 what is the difference between trust & section 25 company.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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22 February 2012 The public charitable trust is a possible form of not-for-profit entity in India. Typically, public charitable trusts can be established for a number of purposes, including the relief of poverty, education, medical relief, provision of facilities for recreation, and any other object of general public utility. Indian public trusts are generally irrevocable. No national law governs public charitable trusts in India, although many states (particularly Maharashtra, Gujarat, Rajasthan, and Madhya Pradesh) have Public Trusts Acts.

Sec. 25 Companies
A section 25 company is a company with limited liability that may be formed for "promoting commerce, art, science, religion, charity or any other useful object," provided that no profits, if any, or other income derived through promoting the company's objects may be distributed in any form to its members.

Querist : Anonymous

Querist : Anonymous (Querist)

03 March 2012 thank you sir

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