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Section 8 company
Documents
Benefits
Section 8 company
In India organisations involved in community development or social work can be registered in 3 ways.
- As a trust
- A NPO (Non for Profit Organisation) under Registrar of Societies
- Section 8 company under companies act 2013
Section 8 company is as similar to society or trust but registered under companies act 2013 under MCA (Ministry of Corporate Affairs) from Govt of India. Whereas, other societies and trusts are registered under respective state governments.
Documents
- PAN card copies
- Aadhar card copies
- Digital Signatures
- Photographs
- Address proofs
Benefits
- Incorporated for Social Welfare
- No minimal capital
- Licensed by Government
- Limited liability
- No dividend distribution
- Tax benfits