APPLY FOR SECTION 8 COMPANY REGISTRATION | ONLINE PROCESS
Description
under Section 8 of the Companies Act, 2013 in India. This type of company is registered for the promotion of art, science, commerce, education, research, social welfare, religion, charity, or any other similar purpose.
Section 8 Companies are Registered as non-profit organizations and are exempted from paying income tax on the surplus generated from their activities. However, the surplus must be utilized for the promotion of the company’s objectives and cannot be distributed as dividends to the members.
To register a Section 8 Company, the company must obtain a license from the Registrar of Companies (ROC) by submitting the necessary documents and fulfilling the eligibility criteria. The company must have at least two directors and two shareholders, and it must also have a registered office address.
Some of the advantages of registering a Section 8 Company include limited liability, tax exemptions, separate legal entity status, credibility and trustworthiness, access to grants and funding, and perpetual succession
under Section 8 of the Companies Act, 2013 in India. This type of company is registered for the promotion of art, science, commerce, education, research, social welfare, religion, charity, or any other similar purpose.
Section 8 Companies are Registered as non-profit organizations and are exempted from paying income tax on the surplus generated from their activities. However, the surplus must be utilized for the promotion of the company’s objectives and cannot be distributed as dividends to the members.
To register a Section 8 Company, the company must obtain a license from the Registrar of Companies (ROC) by submitting the necessary documents and fulfilling the eligibility criteria. The company must have at least two directors and two shareholders, and it must also have a registered office address.
Some of the advantages of registering a Section 8 Company include limited liability, tax exemptions, separate legal entity status, credibility and trustworthiness, access to grants and funding, and perpetual succession
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