Section – 8 Registration

₹16,999.00

Section 8 registration is the procedure of forming a non-profit corporation in India under Section 8 of the Companies Act, 2013. These organisations are formed to further philanthropic, educational, scientific, or other good goals. They are prohibited from distributing profits and must reinvest any extra money in order to achieve their declared goals. Section 8 corporations enjoy some benefits and exemptions, but they must adhere to strict requirements in order to keep their non-profit status.

For More Detail Click Here

All the legal fee will be extra as per applicable by the govt.

Description

The benefits of Section 8 Registration are as follows:

Legal recognition: Section 8 companies enjoy legal recognition as not-for-profit organizations, which helps them attract grants, donations, and other forms of funding.
Tax exemptions: Section 8 companies are eligible for various tax exemptions, including exemption from paying income tax on their profits, provided the profits are used for charitable purposes.
Limited liability: Section 8 companies have the advantage of limited liability, which means that the personal assets of the members are protected in case of any legal action against the company.
Perpetual succession: Section 8 companies have perpetual succession, which means that the company continues to exist even if its members change or die.
Credibility: Section 8 registration adds credibility to the organization and helps to build trust among donors, investors, and the public.
Exemption from minimum capital requirement: Section 8 companies are exempt from the requirement of minimum capital, making it easier for smaller organizations to register under this category.
Corporate structure: Section 8 companies have a formal corporate structure, which helps to establish clear lines of authority and decision-making processes.
Social impact: Section 8 companies are formed with the primary objective of promoting social welfare, which means that they can make a significant impact on society by addressing social, cultural, and economic issues.

Section – 8 Registration