GSTN incorporation
This query is : Resolved
karan sharma
(Querist)
24 April 2017
Why GSTN Incorporated under section 25 of Companies Act, 1956?
Nikhil Kaushik
(Expert)
24 April 2017
because it doesn't aim to make profits from its activities and is expected to only be reimbursed for expenditure incurred.
karan sharma
(Querist)
24 April 2017
sorry but my question is that, when there is companies Act, 2013 in existence then why GSTN Incorporated under section 25 of Companies Act 1956 rather than section 8 of Companies Act, 2013
karan sharma
(Querist)
24 April 2017
However, I Know some provision of Companies Act, 1956 applicable yet like section 100 to 104
Nikhil Kaushik
(Expert)
24 April 2017
it is incorporated under section 8 only!
karan sharma
(Querist)
24 April 2017
Please refer data provided on official site of aces.gov.in, why aces mentioned about incorporation of GSTN under section 25 of Companies Act, 1956
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