https://www.taxtmi.com/acts?id=15443 Central Government may licence entities with charitable or other public purpose objects to register without the word "Limited" if they apply profits to objects and prohibit dividends; such companies have limited company privileges but require prior government approval to amend constitutive documents and face prescribed conditions for conversion. The Government may revoke licences for contraventions, fraud, or public interest concerns and direct name change, conversion, winding up or amalgamation with similar companies after hearing. On winding up, residual assets transfer to similar companies or the Rehabilitation and Insolvency Fund. Non compliance attracts fines and officer criminal liability. en-us Mon, 19 Dec 2011 13:54:48 +0530 Mon, 19 Dec 2011 13:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15443 Central Government may licence entities with charitable or other public purpose objects to register without the word "Limited" if they apply profits to objects and prohibit dividends; such companies have limited company privileges but require prior government approval to amend constitutive documents and face prescribed conditions for conversion. The Government may revoke licences for contraventions, fraud, or public interest concerns and direct name change, conversion, winding up or amalgamation with similar companies after hearing. On winding up, residual assets transfer to similar companies or the Rehabilitation and Insolvency Fund. Non compliance attracts fines and officer criminal liability. Act-Rules Bills Mon, 19 Dec 2011 13:54:48 +0530 https://www.taxtmi.com/acts?id=15443