SECTION 8 COMPANY REGISTRATION
A Section-8 Company can be registered when its primary purpose is to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, social welfare, environmental protection, sports, and research. As a non-profit organization, a Section-8 Company may generate income or profit, but this income must be utilized solely for advancing its objectives, rather than being distributed to its promoters. Consequently, organizations aiming to work for charitable purposes and non-governmental organizations (NGOs) are required to obtain Section-8 Company Registration.
Benefits of Section 8 Company :
NGOs registered under Section 8 receive numerous benefits and advantages under Company Law to promote overall economic and social development.
– Privileges and exemptions under company law:
– Non-application of the Companies Auditors Report Order
– No requirement for minimum paid-up capital
– Registered partnership firms can be members of a Section 8 Company
– Eligible to receive:
– Government funds
– CSR funds
– Private donations
– Tax deductions for donors under section 80G of the Income Tax Act
– Preference as national NGOs over state-registered NGOs
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Our Process
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