A Detailed Guide to Section 8 Company Registration in India
A Section 8 Company is a non-profit organization established under the Companies Act, 2013, in India, formed with the objective of promoting charitable, social, or educational causes. These companies cannot distribute profits to their members; instead, the income is used solely for advancing their objectives. The Section 8 company registration process is like that of other companies but requires additional approval from the Registrar of Companies (RoC) and the Central Government for its charitable purpose.
The process begins with obtaining a Digital Signature Certificate (DSC) and a Director Identification Number (DIN) for the directors. The next step involves filing the SPICe+ form on the Ministry of Corporate Affairs (MCA) portal, along with the Memorandum of Association (MoA), Articles of Association (AoA), and other necessary documents. Once approved, the Central Government issues a license to operate as a Section 8 Company. These companies enjoy tax benefits and are highly regarded for their commitment to public welfare.
By: prachisingh
14-Oct-2024 04:48 pm
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