SEC 25 COMPANY

I hope minimum 7 members.  Even Artificial person can be a member

Also there is no word PRIVATE or PUBLIC in the Formation of Sec.25 companies.

there is not such division as private and public as far as Section 25 Companies is concerned. Section 25 companies are essentially societies registered under companies act and enjoy the benefits of companies form of business like limited liabilities etc, for example FICCI.minimum member required is 7.

Type of section 25 company

A section 25 company, which is proposed to be registered with limited liability, may either be a public limited company or a private limited company as may be decided by the promoters.

Minimum members are 7 in case of public form and 2 in case of adoption of private form.

Membership in a section 25 company

Section 25(4) of the Companies Act provides that a partnership firm may become a member of section 25 companies; membership of such firm shall cease upon dissolution of the firm. However, partners of the dissolved firm may continue to be the members of such company in their individual capacity.

It is advisable that the firm should obtain membership in the individual name of the partners as they may agree.

No requirement of minimum paid-up capital

Requirement of minimum paid-up capital of Rs. 1.00 Lac for a private limited and Rs. 5.00 Lacs for a public limited company shall not be applicable to a company registered u/s 25 of the Companies Act, 1956.

Hi 

Can anybody please send me a sample of MOA/AOA of a section 25 company . i need it urgently..!

Regards

Sunayana

Hi, Can a foriegn charitable foundation become member of a section 25 company in India?  Please advise

Thanks,Poornima