Section 8 Company Registration
Section 8 company is a non-profit organization that can be registered in India as a Society, under the Registrar of Societies or as a Trust, by creating a Trust deed, or as a Section 8 Company, under the Companies Act, 2013. The core purpose to establish a Section 8 company is promoting commerce, science, art, education, sports, research, religion, social welfare, charity, protection of the environment or any such other object, which provided the profits and the other income only used to promote the only the object of the company and there is no dividend is paid to the company member. Therefore, Section 8 Company or Section 25 is a company which is registered for charitable or not-for-profit purposes under the companies act 2013.
This Company is, however, similar to a Trust or Society; an exception is that a Section 8 Company is registered under the Central Governments of Ministry of Corporate Affairs (MCA) whereas the Societies and Trusts are registered under the State Government regulations. This, however, has various advantages when it is compared to Trust or Society and it also has higher credibility amongst. A Section 8 Company is like a Trust or Society; expect, A section 8 Company is registered under the Central Governments Ministry of Corporate Affairs(MCA). Whereas Societies and Trusts are registered under State Government regulations. A Section 8 company has various advantages when it is compared to Trust or Society and it also has higher credibility amongst the donors, Government departments, and other stakeholders. Further, the most important key feature of this Company is that the name of the Company can be incorporated without using the word Limited or Private Limited as the case may be you want.
Ativa Business Solutions Private Limited can help you to register a Section 8 Company online within 20 to 30 days, subject to ROC processing time.
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