Section 25 co

This query is : Resolved

Querist : Anonymous

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?

Ajay Mishra

Ajay Mishra (Expert)
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15 October 2013 Hi

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

Querist : Anonymous

Querist : Anonymous (Querist)

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

Ajay Mishra

Ajay Mishra (Expert)
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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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