Section 8 Company Registration Process: A Complete Guide
Starting a nonprofit organization in India is a noble endeavor, and registering it as a Section 8 company can offer several advantages. Under the Companies Act, 2013, Section 8 provides a framework for companies that are formed to promote social welfare, education, charity, and other causes that benefit the public. Unlike traditional profit-making companies, a Section 8 company operates with the aim of furthering social objectives, and it enjoys certain privileges like tax exemptions. If you're considering registering an NGO registration process , here's a simple guide to understand the process. What is a Section 8 Company? A Section 8 company registration is a nonprofit organization that works toward a specific social cause. The primary focus of this company type is to uplift society by promoting education, charity, or any other activity aimed at public welfare. These companies are not allowed to pay dividends or distribute profits to members; all earnings must be ...