Corporate sector of this world comprises different categories of companies including partnership, limited liability company, cooperatives, sole traders, corporations and many more specialized types of organizations are there in this whole scenario of corporate sector. These types of companies vary from one country to another. Every country has its own list of companies with different attributes and liabilities. Nature and type of company is depending upon rules and laws, established by different concerned authorities. Like nature of liability, legal status, nature and transferability of shares, membership and perpetual succession are some of the factors that describe the nature and types of company. The group of professionals that works together to achieve a common goal or objective is one of the common features associate with every company. Among these different types of companies ngo is of the famous and favored among the corporate sector. NGO – non profit organization is famous for carrying various business activities to produce benefits or earnings for others including weaker section of the society by providing medical relief, education at minimum cost and by providing other object of general utility. During ngo registration there are some rules and laws regulated by Section 2(15) of the Income Tax Act that decides whether applied company can be registered as ngo or not. Therefore, getting an approval from Income Tax Act Section 2(15) is very important for NGO where they states that particular company is registered as societies, trusts, or a private limited non profit company that produces benefits for others, usually outside the membership of the non profit organization. Different countries comprise different rules and regulation for ngo registration. Like ngo registration in india includes different ngo registrar offices scattered in the different states of the nation. Like ngo registration in delhi can be get from ngo registrar office in Delhi, similarly ngo in different states of India can be registered by offices located in their own state. Besides non profit organization, PAN registration is other corporate services mostly demanded by different types business houses. PAN is usually needed to file income tax return. PAN is a form of unique alphanumeric combination provided to all entries made under the Indian Income Tax Act 1961. Now days it becomes the need of every single person to has his or her pan number, as it can be used for various purposes in life. Therefore, it is very helpful if you hire services from any of the well reputed and experienced company law firm where you will find different types of law services like company registration in india, patent registration, trademark registration, IPR law services and lots more under one roof. It not saves your time but also helps in you in preparing all types paper work along with complete assistance and client satisfaction.
Company Registration, Corporate Sector, Different Types, Profit Organization
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