02 August 2010
which type of NGO can be run more profitabily by an individual... although its a non-profit organization... i also want to know its tagging with a profit making company....... which can be most misused.. and how
04 August 2010
In a country where satyams, ipl and cwg are part of routine life, any form of business can be misused.
A Society once formed cannot use its assets for private purposes or dispose off assets without prior approval. So profits in a society are difficult to appropriate (or say mis-appropriate)
A SEc 25 company does not have such limitations and the accounts are shared only with ROC, leaving a large scope for ...
The above two also carry an additional burden of societal responsibility and image related issues.
A profit making company is the best form of business.
05 August 2010
Thanks for the reply.. i agree to your point but still, don't you think that a NGO can be used to raise government projects more easily and thus can have a lot of profit on it...
Perhaps, it can also be used to have grants from government, for organizing different events and programme..
Moreover can't it be a part of group of industries..
06 August 2010
But dear the question remains the same..... which type of NGO can be a better option to go for..either a society or a Section 25 Company
CAclubindia
