Section 8 Company/NGO Registration
All you need to know about establishing a Section 8 Company / NGO
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.
Many privileges and exemptions are available to section 8 company under Company Law
Exemption from requirement of Minimum Paid-up capital
Exemption of Stamp duty for registration
Non-application of Companies Auditor's Report Order (CARO)
Registered partnership firm can be a member in its own capacity
Tax deductions to the donors of the Company u/s. 80G of the Income Tax
Minimum 2 Shareholders (for Private Limited NGO) and 7 Shareholders (for Public Limited NGO)
Minimum 2 Directors (for Private Limited Co.) and 3 Directors (for Public Limited Co.)
The directors and shareholders can be same person
DIN (Director Identification Number) for all the Directors
DSC (Digital Signature Certificate) for all of the Directors
Address proof for proposed office address
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