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Why do hospitals are formed as company?

16 October 2021

hospitals can be formed as societies? can they apply for 12 a registration..as they help people even though for considering..?if they formed under company do they pay income tax?? please anyone explain this

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7 Replies

sabyasachi mukherjee (26053 Points)
Replied 16 October 2021

Hospitals are always registered under Societies Registration Act.

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zanis 0071 (68 Points)
Replied 16 October 2021

But you can see Apollo Pvt Ltd etc..and there so many other

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 16 October 2021

Yes hospitals can be treated as societies registration

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 17 October 2021

Yes hospitals can be formed as company under section 8 of the companies act 2013. there's no such restriction that it can't be formed as a company.
there are number of benefits by forming a company. please refer the bare act of companies for more information.