Section 8 Company
Section 8 Company registration helps create non-profit organizations with legal status and credibility.
Overview
Section 8 Company registration is designed for charitable, social, or non-profit initiatives. It involves drafting MOA and AOA, applying for DSC and DIN for directors, obtaining licenses under Section 8 of the Companies Act, and filing incorporation documents with the Registrar of Companies. This structure allows the organization to operate legally, receive donations, enjoy tax exemptions, and demonstrate transparency and credibility to stakeholders while pursuing non-profit objectives.
Key Highlights
Non-Profit Legitimacy: Gain a legal corporate status specifically designed for social and charitable objectives.
Tax Exemptions & Benefits: Access various government grants and tax-saving provisions for non-profit entities.
Enhanced Stakeholder Trust: Demonstrate transparency and accountability to donors through a formal legal framework.
Frequently Asked Questions
Answers to common questions eCommerce sellers ask about accounting, GST, compliance, and business growth.
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