Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

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

Reply
Follow
Share

7 Replies

sabyasachi mukherjee (27803 Points)
Replied 16 October 2021

Hospitals are always registered under Societies Registration Act.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

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 ) (24588 Points)
Replied 16 October 2021

Yes hospitals can be treated as societies registration

Giridhar S Karandikar (Team Lead) (7553 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.