It's Fast. It's Furious. It's Startup. KickStart your Startup Now!
Section 8 Company Registration (PVT LTD)
All you need to know about establishing a Section 8 Company
A Section 8 Company is an organization which is registered as a
Non-Profit Organization (NPO). NPO/company has its objective of promotion of
arts, commerce, charity, education, protection of environment, science, social
welfare, sports, research, religion and intends to apply its profits, if any,
or other income in promoting its objects. Therefore, Section 8 Company or
Section 25 Company is a company registered under the Companies Act, 2013 for
charitable or not-for-profit purposes.
Restrictions for Section 8 Company
Intends to apply its profits, and any other income in promoting its
objects only.
Prohibition for declaration of dividend.
Benefits
Exemption from requirement of Minimum Paid-up capital
Non-application of Companies Auditor's Report Order (CARO)
Tax deductions u/s. 80G of the Income Tax
Exemption in complying with the Secretarial Standards
