Section 25 co

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2013 There is a section 25 co which running a commercial project (say a shop). Surplus generated from such project, after meeting all expenses, is given/ used by the sec 25 co for a charitable purpose for the welfare of general public. Is it workable proposition?

15 October 2013 Hi

Please confirm, whether such company is registered under section 25 company and received a licence or not.

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2013 No, not yet. under process. But main object is to carry out general charitable activities

15 October 2013 Generally section 25 company is open for non profit purpose and not for commercial purpose.

I think, there is no restriction for giving charity purpose any money.


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