Ideal business structure for NGO’s and Non Profit Organizations. Section 8 Company can be registered for charitable purposes. Section 8 Companies are similar to Trusts and Associations. DTC Consultants can help you check Section 8 company name availability and register a Section 8 Company in India for just Rs. 22999 within 30 days.
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. It functions exactly like a limited company including all the rights and obligations that come with such a company. However, it differs from a company in one very crucial aspect, i.e. it cannot use the words “Section 8” or “Limited” in its name.
Object must be Charitable or to promote arts, science, commerce etc
Intends to apply all its profit in promoting the objectives
Assures the prohibiting of the payment of dividends to any of its members
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