Section 8 Company
Section 8 Company
Instant Name Application for Section 8 Company.
Name Approval
Name Approval + Incorporation
☑ Instant Filing
☑ 4 Name Choice
☑ Instant Filing
☑ 4 Name Choices
☑ Company Registration
☑ Current Account Opening
Introduction to Section 8 Company
A Section 8 Company, also known as a not-for-profit organization or a non-profit organization (NPO), is a type of company established under Section 8 of the Companies Act, 2013 (or its predecessor, the Companies Act, 1956, in India). This legal provision is specifically designed for organizations engaged in promoting social welfare, charity, education, religion, art, science, sports, research, or any other similar purpose, excluding profit-making motives.
Advantages of Section 8 Company
- Credibility and Trust: Being registered shows a commitment to transparency and accountability.
- Limited Liability Protection: Protects founders and members from personal liability.
- Exemptions and Benefits: May qualify for tax benefits and exemptions on donations.
- Easier Fundraising: Can attract donations and grants more easily due to their registered status.