Kavita Malani (Practicing Company Secretary) (45 Points)
29 May 2013Dear 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
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.
CAclubindia
