Section 25 company verses a Society
This query is : Resolved
02 August 2010
which type of NGO can be run more profitabily by an individual... although its a non-profit organization... i also want to know its tagging with a profit making company....... which can be most misused.. and how
04 August 2010
In a country where satyams, ipl and cwg are part of routine life, any form of business can be misused.
A Society once formed cannot use its assets for private purposes or dispose off assets without prior approval. So profits in a society are difficult to appropriate (or say mis-appropriate)
A SEc 25 company does not have such limitations and the accounts are shared only with ROC, leaving a large scope for ...
The above two also carry an additional burden of societal responsibility and image related issues.
A profit making company is the best form of business.
A Society once formed cannot use its assets for private purposes or dispose off assets without prior approval. So profits in a society are difficult to appropriate (or say mis-appropriate)
A SEc 25 company does not have such limitations and the accounts are shared only with ROC, leaving a large scope for ...
The above two also carry an additional burden of societal responsibility and image related issues.
A profit making company is the best form of business.
05 August 2010
Thanks for the reply.. i agree to your point but still, don't you think that a NGO can be used to raise government projects more easily and thus can have a lot of profit on it...
Perhaps, it can also be used to have grants from government, for organizing different events and programme..
Moreover can't it be a part of group of industries..
Perhaps, it can also be used to have grants from government, for organizing different events and programme..
Moreover can't it be a part of group of industries..
06 August 2010
But dear the question remains the same..... which type of NGO can be a better option to go for..either a society or a Section 25 Company
06 August 2010
NGO is a seperate type of entity.
Society and Sec 25 is seperate.
SEc 25 would be better as you get an option to corporatise any time in the future.
Society and Sec 25 is seperate.
SEc 25 would be better as you get an option to corporatise any time in the future.
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