Support OAI

IMG-20150401-WA0002

Information for Institutions who wish to Support OAI’s Objectives :
OAI is a registered charitable Trust registered under Bombay Public Trust Act,1950, with the Office of the Charities Commissioner, Mumbai vide registration no.E-28886 (MUM) dated July 11, 2012, OAI is also registered under the Income Tax act, 1961 vide Tax Registration no. TR/45638 / 30.12.2013 and PAN No. AAAT03486E

OAI has also received the Exemption Certificate under Section 80G of the Income Tax Act, 1961, vide no. DIT(E)/BC/80G/312/N(2013-14)/2014-15  dated 10th Oct. 2014.This exemption has been granted by the Office of DIT (E ) , Mumbai for an unlimited period.

Under Section 135(3)(a) of the Companies Act, 2013 read with Schedule VII of the Companies Act, 2013, inter-alia, promoting education including special education and employment enhancing vocation skills especially among children and differently abled is treated as notified activity under the Corporate Social Responsibility obligations of qualifying companies.

Under Section 135(5) of the Companies Act, 2013, the Board of Directors of every company having :

  • networth of Rs. 500 crore or more
  • turnover of Rs. 1000 crore or more
  • net profit of Rs. 5 crore or more

shall ensure that such company shall spend in every financial year 2% of the average net profits of the company made during the three immediately  preceding financial years.

Since the activity(ies) of OAI fall under the activities notified by the Government under Section 135 of the Companies Act, 2013, the qualifying company(ies) contributing to OAI among other CSR activities will be fulfilling their obligations under Section 135 of the Companies Act, 2013.

80GExemption Certificate_OAI