A Complete Guide to Section 8 Company

Introduction Section 8 Company is(2)  established 'for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment or any such other object'. Further profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. Therefore, Section 8 can [...]

section 8 company|

Registration of NGO in India – Section 8 Company

What is an NGO? NGO's can be defined as organizations formed for non-profitable purposes such as Charity, religious, cultural or educational. Their main sources of revenue are donations, government grants, membership fee etc. They cannot distribute their profits and are required to spend their proceeds for non-profit activities. NGO Registration is useful to be eligible [...]

Documents Required for NGO Registration – Section 8 Company

Non-Governmental Organisation NGOs or the Non-governmental organization's are usually non-profit. Sometimes these are often funded by the government. Some international organizations are independent upon the government and international governmental organizations (as funded by them). However, these are active in humanitarian, human rights, educational, health care, public policy, social, environmental, and other areas to effect changes according to their objectives. [...]

section 8 company|

Disadvantages of One Person Company

Introduction Companies Act, 2013 introduced the concept of One Person Company in India in order to promote self-employment and to motivate individuals who are capable of starting a business of their own. The need for two directors in a private limited company is eliminated which aids the entrepreneurs to have total control over their entity, and also [...]

8 Steps for Section 8 Company Registration in Bengaluru

Documents Required for a Section 8 Company Registration in Bengaluru: Section 8 Company Registration in Bengaluru with the help of company registration online. Section 8 Company Registration in Bengaluru is very easy and economical. First of all, go to company registration online and click the ‘Form a business’ option. Next click on “Section 8 Company” and the process begins. [...]

section 8 company|

What is the difference between Private Limited, Section 8 & Nidhi Company?

Differences between Private Limited, Section 8 & Nidhi Company This article contains the basic difference between Private limited, Section 8 & Nidhi Company in terms of their basic definitions, minimum requirements for registration and documents required for each of these forms of entities. Definition  First, let us understand what are these companies and how do Privately limited, [...]

Documents Required for Registration of Section 8 Company

Before discussing documents for Section 8 company registration process, let's see a brief about Section 8 company. Section 8 Company is established under the Companies Act which works as charitable and non-profit organizations. The companies incorporated under section 8 company shall enjoy all the benefits and obligations as the Limited Liability Company. The  Section 8 Company [...]

section 8 company|