can NPO company ( sec 8) raise fund from IPO ?
2- is doctor clinic and medical store is NPO ??
Menu
Can NPO company ( sec 8) raise fund from IPO ?
Replies (1)
Summary: A Section 8 company cannot raise funds via an IPO because its legal structure forbids profit distribution and dividend payments. Similarly, a doctor's clinic or medical store is not a non-profit organization by default; they are typically for-profit businesses unless they are specifically registered as a trust, society, or Section 8 company with a charitable mission.
Recent Topics :
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
Related Topics :
CAclubindia
