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Conversion of trust into section 25 company

Kavita Malani (Practicing Company Secretary) (45 Points)

29 May 2013

Dear All,

CAn anyone please guide me to the process of conversion of Trust/Co-operative Society into Section 25 Company

Thanks and Regards,

CS Kavita Malani

Pune

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1 Replies

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 30 May 2013

I don't think a trust/society can be converted as such into a Section 25 company since both are governed under different Acts. Probably you can first form a Section 25 company and then take over the activities of the trust/society by way of some agreement after following applicable provisions. However, implications under tax laws/stamp duty etc. will have to be examined.