IFC Lists Best Business Environment Friendly Cities in India
Recently International Financial Corporation(IFC) has listed the citites in india based on the business conditions and how easy to start a business. The following are list of cities in order:
1. Ludhiana – Panjab
2. Hyderabad – Andra Pradesh
3. Bhubaneswar – Orissa
4. Gurgaon – Haryana
5. Ahmedabad – Gujarat
6. New Delhi – Delhi
7. Jaipur – Rajastan
8. Guwahati – Assam
9. [...]
Formation and Registration of a Non -Profit organisations in India under Section 25
Section-25 Company
According to section 25(1)(a) and (b) of the Indian Companies Act, 1956, a section-25 company can be established ‘for promoting commerce, art, science, religion, charity or any other useful object’, provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to [...]
Whether foreign national can be promoter(s) of section 25 company?
FROM THE PROCEDURE AND LEGAL FORMALITIES LISTED BELOW FOR FORMING SEC. 25 COMPANIES ,YOU FIND THAT THERE IS NO BAR FOR A FOREIGN NATIONAL TO BE A PROMOTER OF SUCH CO.
RBI has clarified that under the Foreign Exchange Management Act, 1999, appointment of a foreign national as a director on the board of directors of [...]
