The main reason for a company to register itself as a Section 8 Company is to promote non-profit objectives.
The Companies Act defines a Section 8 company as one whose objectives is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives. These companies also apply their profits towards the furtherance of their cause and do not pay any dividend to their members.
(1) A separate legal identity. Section 8 Company is a distinct legal entity from its members.
(2) No Stamp Duty.
(3) No minimum capital requirement.
(4) Tax Benefits.
(5) Credibility.
(6) Need for CARO
(1) Trust Under indian trusts act, 1882
(2) Society under societies registration act , 1860
(3) Section 8 company under companies act, 2013
(1) DSC
(2) Articles of association
(3) Memorandum Of association
(4) Passport Size photographs
(5) Details of Director
(6) Address Evidence
(7) Members id proof such as aadhar card , passport , voter id.
(1) What is Section 8 company?
(2) Who is eligible to apply for the registration of a Section 8 company?
(3) What is the procedure to register a Section 8 company?
(4) Who authorizes the license of a Section 8 company?
(5) Is it possible to register a foreign company as a Section 8 company in India?