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 :
- Tempsens Instruments IPO GMP Allotment Listing dat
- Upload Type - Correction. Not showing in TDS filli
- Partnership tax audit query
- ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
- Form 146 foreign remittance us citizen
- GST 16(2) notice
- Which GSTR-1 upload error do you hit most often?
- Need advice regarding accounting fees
- Is it possible to get a refund for an accidental o
- ITR-3 Section P&L - speculative income - no bo
Related Topics :
CAclubindia
