Complete solution for incorporation of a not for profit Section 8 company and obtaining Section 8 company license.
A section 8 company is the same as the popular section 25 of old companies act 1956, which was one of the most popular forms of non profit organisation in India. But, as per the new companies act 2013, section 25 has now become section 8 company.
A Section 8 company is a company which is registered as a non profit organisation. Non- profit organisation/company refers to a Company which has its object of the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment, intends to apply its profits, if any, or other income in promoting its objects.
CHOOSE A SERVICE YOU REQUIRE
FILL THE ENQUIRY FORM
OUR EXECUTIVES WILL CONTACT YOU
PROVIDE US WITH THE REQUIRED DOCUMENTS
There are two type of sector for section 8 company first is NGO and second is Micro finance.
In section 8 company the persons to be registered as limited company without the addition of the word “Limited” and “Private Limited”.
The company shall enjoy all the privileges and be subject to all obligations of Limited Companies.
The company can only use its profits and income in promoting of its objects.
Accordance to the Companies Act the companies is legal entity. The members of a company have no liability to the creditors of a company for companies’ debts. The death, bankruptcy or withdrawal of capital by one member does not affect the company's ability to trade.
Another important characteristic of the company is perpetual succession. It is a popular saying that the directors may come and out, the members may come and out, but the existence of a company remains forever. A company once incorporated remains alive unless and until it is wound up by complying with the provisions of Law.
Under Company Law, Section 8 Company enjoys certain exemptions from the compliance point of view which are applicable on Private Limited and Public Limited on mandatory mode. Tax Deduction to the donors u/s 80G is allowed under Income Tax for making donation to NGO registered under Section 8.
The company can easily transfer the entire and part of share holding to the any person as an ongoing concern. These facilitate easy for change in management and ownership and those changes of ownership and management saves the time and money and also huge amount of stamp duty.
|1 At The End Of Financial Year Annual Filling Must Be File To The Registrar Of Companies.||1 Prohibit The Payment Of Any Dividend To Its Members.|
|2 To Hold The Annual General Meeting Once In A Financial Year.|
|3To Hold The Four Board Meeting In Financial Year.|
The name shall include the words:-
Note:-The name does not include the words “Private Limited” or “Limited”.
Saving us money on overhead. We can pass savings to you, offering our product as minimum prices allowed by manufacturers.
Our checkout process is 100% SSL encrypted so you can buy with confidance. We accept PayPal and every Major Credit card.
We stand behind every guarantee and warranty. We will help resolve any (unlikely) issue with your purchase with speed and friendliness.
Over the past years, we've helped many start-ups register themselves, protect their intellectual property, secure funding from Venture Capitalists & comply with the many regulations of the MCA.
Not happy with the service? You can request a refund at anytime within 30 days!
Get support through phone, email, mobile app or live chat - 24/7, 365 days.
Easily pay online with Master Card or debit card, net banking and more.