The section-8 of company registration is for non-government organizations. Section-8 company registration is a company registered under the Companies Act 2013 for charity and nonprofit purposes. The Companies Act 2013 defines section-8 companies whose main objective is to promote the field of arts, science, sports, charity, social welfare, religion, environment conservation, and other social services.
A section-8 company is registered under the central government and the Ministry of Corporate Affairs. The companies registered under this act apply their profits for the furtherance of social welfare and do not pay to their members. Any company whether Private Limited, LLP and Public Limited who for the objective of social welfare without any objective of earning profit or dividend can function as the section-8 company
Advantages of Section-8 company registration-:
A section-8 company has many advantages when compared to other Trust or Society like improved recognition and better legal standing.
Credibility: The section-8 is granted by the government of India and it gives your company more credibility as compared to other non-profit organizations. Section 8 company also has higher credibility amongst donors, Government departments and other stakeholders
Tax Exemption: Numerous tax exemptions are provided to section-8 registered companies. The donors to these companies are exempted from tax because companies registered under this act are working for social welfare and other social causes.
Stamp Duty: There is no need to pay the stamp as the section-8 company is exempted from the government stamp duty. But it is mandatory for private limited and public limited companies.
Title: Section 8 companies are not required to add suffix limited or private limited company at the end of their name.
Documents Required for the Section-8 Company Registration-
A minimum of two directors is required if the Section 8 company is to be incorporated as a private limited company, and a minimum of three directors in case of incorporation as a public limited company. The maximum number of members is 200 in case of a private limited company, whereas for a public limited company, there is no such limit.
ID Proof for the members
Photograph passport size
Memorandum of Association
Article of Application
Digital Signature Certificate (DSC)
Director Identification Number (DIN)
Global Business Solutions:
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