The commercial concern in relation to with the term section 25 companies act can imply to any person or group of persons. The implication of this is wide and now even a non-profit making entity say a charitable trust or a company registered under section 25 of the Companies is liable to pay tax and is eligible to take credit of such tax paid on input services. Thus if any of the activities of an NGO falls under of the services covered in of Finance 1994 care should be taken to ascertain service tax implications. Educational institutions with a requirement to write examination obtain a degree or certificate awarded by an agency created by are entitled to exemption from service tax under the Finance Act 1994. By virtue of explanation to clause 106 to of the Final Act 1994, any testing or analysis for the purpose of the terminal of the nature of diseased condition identification of a dies prevention of any disease or disorder in human beings or Antonio not liable to service tax. Thus charges levied by pathological run by hospitals do not attract service tax.
The main objects to be pursued by the Company on its incorporation are:
objects to be issued by the company on its incorporation
1.) To do and undertake the task of Social Economic and Educational upliftment of the Backward classes and Minorities in the State of Madhya Pradesh.
2.) To implement such schemes, projects and programs which may result in the educational, advancement of the Backward Classes and Minorities.
3.) To render financial and other assistance in any form to the members of Backward Classes and Minorities in order to enable them to generate income for their livelihood.
4.) To promote and operate schemes for providing education, technical or otherwise, training, guidance amongst the members of Backward Class and Minorities.
5.) To provide financial assistance, in kind or in cash in the form of loans, grants, subsidies, donations, either directly to the members of backward classes and minorities or to and through such organizations as are considered appropriate for the purpose.
6.) To promote, defend or represent the interests of the Backward Classes and Minorities in any forum.
7.) To provide legal assistance to the members of Backward Classes and Minorities in matters relating to their economic, social and educational upliftment.
8.) To provide financial and other assistance to the members of Backward Classes and Minorities either directly or through other non-profit organizations to enable them to engage themselves in the construction of building and production, trading and transport of the building material so as to improve their economic conditions.
