The Orissa (Non-Trading) Companies Act, 1959

The Odisha (Non-Trading) Companies Act, 1959

This Act governs the registration and formation of corporate entities that act as non-trading corporations confined solely to the State of Orissa. It applies to newly formed companies under this statute as well as existing corporations registered under previous company laws. The legislation ensures that organizations with objects strictly limited to state affairs and engaged in non-trading activities adhere to specific state regulations. By regulating these entities, the state aims to prevent foreign interference and imprudent business practices by ensuring that companies serving local public interests have a proper legal framework for their operations within Orissa.

PDF: pending for this language.