Conversion of a business unit of a charitable trust into any company

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1 Points Posted on 27 June 2022

How can a profitable business unit of a charitable trust convert into a company, where net profit will be used in charitable purpose.

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On 27 June 2022 at 13:17 Report
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This discussion explores the process for a profitable business unit within a charitable trust to convert into a company. The key is to establish the company with objectives aligned with charitable purposes, as per Section 8 of the Companies Act 2013. If all stakeholders agree, forming an One Person Company (OPC) is a viable option.

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GST Practitioner & Accounts
15146 Points Posted on 27 June 2022
You Can apply for , Companies object for Charitable purpose , As per section 8 of the Companies Act 2013.
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On 27 June 2022 at 14:30
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Profession
28261 Points Posted on 28 June 2022

if all others agree an opc can be formed.

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On 28 June 2022 at 08:56

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