26 September 2014
always prefer not-for-profit company. ROC is a much easier govt office to deal with in comparison to registrar of societies...everything is governed by clear rules prescribed under companies act, filings are online...that allows a much more transparent and stable operational environment...
Here Share capital will be nil??? We are student we are not doing it for earning purpose as person do we want to registered it for getting only identity for that we can get bank account and we have law. and is there any tax liability will be made??
26 September 2014
for tax purposes, you need to register under section 12A irrespective of whether you form a company or a trust. given that you are a bunch of CA students, you people should know this much!
CAclubindia
