Question
NCFE a non profit organization was set up under which
section of the company act 2013?Solution
Section 8 Company – Companies with Charitable Objects NCFE is a Section 8 (Not for Profit) Company under the Companies Act, 2013 promoted by RBI, SEBI, IRDAI and PFRDA. Reserve Bank of India (RBI) has released the National Strategy for Financial Education (NSFE): 2020-2025 document for creating a financially aware and empowered India. In India, a non-profit organisation can be registered as Trust by executing a Trust deed or as a Society under the Registrar of Societies, or as a private limited non-profit company under Section 8 Company under the Companies Act, 2013.
A spent 25% of his monthly income on study and 55% of the remaining on rent. If amount spent on rent is Rs. 825, then find the amount spent on study
If a sum of money is to be divided among A, B, C such that A’s share is equal to thrice B’s share and B’s share is 4 times C’s share then their ...
'A' and 'B' started a partnership by investing Rs. 9,000 and Rs. 12,000 respectively. 25% of the total profit is given to 'A' for managing the business,...
Meera started a business with a capital of Rs. 4000. After 2 months, Mohan joined her with a capital, which is 50% more than the capital of Meera. Find ...
'Akash', 'Bishnu', and 'Chintu' formed a partnership with investments of Rs. 4800, Rs. 3600, and Rs. 6400, respectively, for durations of 8 months, 1 ye...
‘X’ and ‘Y’ started a business together such that the ratio of their investment is 6:11, respectively. If ‘X’ and ‘Y’ invested for 10 m...
Nikhil and Saurabh started a business together by investing a total of Rs. 24000 in the ratio of 7:5, respectively. After 6 months, Nikhil increased hi...
A and B invested Rs.4000 and Rs.8000 in a business respectively and after 5 months B withdrawn 50% of his initial investment and again after 5 months he...
M and N started a business by investing Rs.4000 and Rs.5000 respectively. After 7 months, M and N increased their investments by 30% and Rs.2400 respect...
A and B start a business with investments of Rs. 60,000 and Rs. 80,000 respectively. After 6 months, A withdraws one-third of his capital, while B adds ...
Relevant for Exams:
