Can any one tell if a society registered under the Societies Registration Act can form a wholly owned subsidiary or will they have to go under Sec.25, Companies Act (i.e. get coverted into a company first).
Thanks
Prashant Roy (Lawyer) 10 December 2008
Can any one tell if a society registered under the Societies Registration Act can form a wholly owned subsidiary or will they have to go under Sec.25, Companies Act (i.e. get coverted into a company first).
Thanks
Y V Vishweshwar Rao (Advocate ) 13 March 2009
Nature of Society and other particulras are not in detail -
The societies are constituted for Charity Services /Edcuationals/ Social Services - with out any profit -and the promotors will under take to serve with out any profits an with out any remuneration - under the Societies Act .
All the matters of th Societies will be regulated under the Socieies Act .
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