What is Section 8 Company?
Section 8 Company is named Section 8 of the Companies Act, 2013, which pertains to a established \'for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other objects provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. Therefore, Section 8 Company or Section 25 Company is a company registered under the Companies Act, 2013 for charitable or not-for-profit purposes.
A Section 8 Company is similar to a Trust or Society; expect, a section 8 Company is registered under the Central Government\'s Ministry of Corporate Affairs. Trusts and Societies are registered under State Government regulations. A section 8 company has various advantages when compared to Trust or Society like improved recognition and better legal standing. Section 8 company also has higher credibility amongst donors, Government departments and other stakeholders.
What are the documents required for Company Registration?
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What are the Type of Business Entities in India?
The following types of Business entitles are available in India:
Private Limited Company
Public Limited Company
One Person Company
Producer Company
Section 8 Company
Limited Liability Partnership
Partnership
Sole Proprietorship
Section 8 Company Registration
Ideal for Non Profit Organisations
14,999/- + Govt. Fees
Save 30% Cost
Duration : 10 to 15 Days
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