Jsons Solicitors Private Limited

Ever since the beginning of the world, some organizations work for benefit of society instead of their benefits, and those organizations are classified as Non-Profit Organisations (NPOs) or Non-Government Organisations (NGOs). NGOs hold an important place in any country as they help people around them by providing them better health, better education, food for the poor and the list goes on.
The efforts put in by NGOs are such that even it is not unnoticed by the Income Tax Department and the department provides a lot of benefits to the NGOs registered under the Income Tax Act, 1961. The benefits are in the mode of exemption from income tax on the income applied for religious or charitable purposes. Even the donors giving donations to these NGOs are benefitted by getting a deduction from their Gross Total Income. These deductions are governed by section 80G of the Income Tax Act, 1961.

One Person Company (OPC) registration is an alternative concept of sole proprietorship firm for taking to step towards limited liability, which is introduced by the Ministry of Corporate Affairs (MCA). One Person Company is totally new concept in the new Companies Act in the year 2013, earlier there was no concept of a one-person Company. The main aim was to promote the individual having the resources to form a company by reducing the complications and challenges faced while the incorporation of a legal entity. It can be said as it is a company that is owned by a single person. OPC Registration Process

A producer company may be a great idea, if you're a farmer or group of farmers, it's a hybrid or mix-up of personal Limited and Cooperative Society. It is a body corporate having objects or activities as specified under the Act. It consists of a gaggle of individuals involved within the production of primary produce or having one or more objectives concerning primary produce. In a producer company, you'll appoint agriculturist members and accept deposits within the type of RD/FD and provide them maturity also as distribute loans to your farmer members and charge interest from them. It Combines the goodness of a Cooperative enterprise and therefore the vibrancy and efficiency of a corporation.

One Person Company (OPC) registration is an alternative concept of sole proprietorship firm for taking to step towards limited liability, which is introduced by the Ministry of Corporate Affairs (MCA). One Person Company is totally new concept in the new Companies Act in the year 2013, earlier there was no concept of a one-person Company. The main aim was to promote the individual having the resources to form a company by reducing the complications and challenges faced while the incorporation of a legal entity. It can be said as it is a company that is owned by a single person.