A Section 8 Company Registration is a non-profit organization registered under the Companies Act, 2013, primarily for promoting charitable, educational, social, or cultural objectives. These companies cannot distribute profits to their members but reinvest them in their objectives.
Key Features:
-Operates without using "Private Limited" or "Limited" in its name.
-Eligible for tax exemptions under certain conditions.
-Requires a minimum of two directors and two members.
Registration Process:
-Obtain DSC and DIN for directors.
-Apply for name reservation via the SPICe+ form.
-Draft the MOA and AOA, emphasizing the non-profit objectives.
-Submit incorporation forms and obtain a license from the MCA.
-Receive the Certificate of Incorporation upon approval.
Benefits:
-Tax benefits and exemptions.
-Credibility and recognition for social initiatives.
-Structured governance for non-profits.
Comments