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Section 8 company registration is the method of incorporation of an ngo under the companies act 2013.
Section 8 company registration certificate. However section 8 companies are considered best due to its systematic constitutional framework. But the twist is. If an organizational structure fulfills these basic criteria then it can go for a section 8 registration.
Section 8 company registration is named section 8 of the companies act 2013 which pertains to a established for promoting commerce art science sports education research social welfare religion charity protection of environment or any such other object provided the profits if any or other income is applied for promoting only the. Registration of a section 8 company involves the same process as incorporating an ngo trust or co operative society under the companies act 2013. Because it is registered for not for profit purposes.
Section 8 company is suitable for non profit objective and it may a private limited or a public limited company. Societies registered under section 20 of the societies registration act 1860. Incorporation certificate enables a company to apply for pan bank account tan etc.
Section 8 company earlier section 25 company of the companies act 1956 is a legal entity for non government or non profit organizations. It is a type of company which is established with the objective to promote commerce arts science sports education research social welfare. Digital signature certificate dsc.
Section 8 company as per companies act 2013 section 25 as per companies act 1956 2. Register section 8 company in india in 15 days rs. Section 8 of the companies act 2013 provides for the formation of the companies with charitable objects etc.
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