Regarding restration of ngo.
This query is : Resolved
25 September 2014
Dear Sir/Madam,
We CA student union started Social work we have a group for it. Now we want to registered for society.
I would like to take suggestion that where we should get registered whether in Sec 25 company or Society in state registration office.
What are the benefit and drawback in both of them.
We CA student union started Social work we have a group for it. Now we want to registered for society.
I would like to take suggestion that where we should get registered whether in Sec 25 company or Society in state registration office.
What are the benefit and drawback in both of them.
26 September 2014
always prefer not-for-profit company. ROC is a much easier govt office to deal with in comparison to registrar of societies...everything is governed by clear rules prescribed under companies act, filings are online...that allows a much more transparent and stable operational environment...
26 September 2014
OK sir Thank you,
Here Share capital will be nil??? We are student we are not doing it for earning purpose as person do we want to registered it for getting only identity for that we can get bank account and we have law.
and is there any tax liability will be made??
Here Share capital will be nil??? We are student we are not doing it for earning purpose as person do we want to registered it for getting only identity for that we can get bank account and we have law.
and is there any tax liability will be made??
26 September 2014
for tax purposes, you need to register under section 12A irrespective of whether you form a company or a trust. given that you are a bunch of CA students, you people should know this much!
27 September 2014
Ok Sir Thanks a lot............
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