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Sec. 25 Co.

Preeti Jain (Company Secretary) (139 Points)

05 April 2011

Dear all,

Can anyone brief me the procedure for incorporation of Section 25 Company under the new delegated power to ROC.

Thanks in advance...........

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7 Replies

CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709) (5155 Points)
Replied 05 April 2011

The procedure is same as we incorporate the Private limited or public limited companies.

Preeti Jain (Company Secretary) (139 Points)
Replied 06 April 2011

Thanks Mr. Mohit................

Means now there is no additional procedure for getting licence etc.

Please correct me if I am wrong...............

Regards

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 13 April 2011

The proposed Company, at the outset, have to obtain licence from the Central Government (powers were delegated to concerned Regional Director of the region) and then the Company may be incorporated with the Registrar of Companies.

(w.e.f. 18/03/2011 the powers have been delegated to ROC).

Preeti Jain (Company Secretary) (139 Points)
Replied 13 April 2011

Thanks Mr. Ankur....................

abhaykumar mohan shelar (Corporate Finance Executive) (33 Points)
Replied 13 April 2011

hi Preetii

for details regarding the formation of sec 25 company...please visit the website of "ministry of corporate affairs"

Our company having an NGO registered under sec 25 named IKF u can c the details of the same from ROC site

abhaykumar mohan shelar (Corporate Finance Executive) (33 Points)
Replied 13 April 2011

there are three criteria for determining whether a particular company is section 25 company or not:

1) Its objects should be only to promote commerce, art, science, religion, charity or any other useful object.

2) It should intend to apply its profits or other incomes only in promoting its objects; and

3) Central government should have granted a license to such a company recognizing them as such

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CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 13 April 2011

Originally posted by : abhaykumar mohan shelar
	there are three criteria for determining whether a particular company is section 25 company or not: 1) Its objects should be only to promote commerce, art, science, religion, charity or any other useful object. 2) It should intend to apply its profits or other incomes only in promoting its objects; and 3) Central government should have granted a license to such a company recognizing them as such

Dear Abhay,

In respect to above point no. 3 the powers were delegated to Regional Director but now the same have been delegated to ROC by the Central Government. vide its notification dated 18/03/2011.

Notification Attached.

Attached File : 22 gsr 222e 18mar2011 delegation of powers to roc.pdf downloaded: 159 times