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Sep 6, 2021 · Section 8 company is a company which is licensed under section 8 of companies act, 2013. It is a non-profit organization (NPO) which is formed with the objective to promote commerce, arts, science, sports, education, research etc.
Mar 19, 2024 · A Section 8 Company is established under the Companies Act, 2013 (India), primarily for promoting non-profit objectives such as commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any other objective.
Mar 18, 2024 · A Section-8 Company, also known as a Not-for-Profit Organization, is incorporated with the objective of promoting commerce, art, science, sports, research, education, religion, protection of the environment, charity, or any other purpose.
The Companies Act defines a Section 8 company as one whose objectives is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives.
Jan 10, 2024 · The section 8 company can be incorporated without suffix the word “Private Limited” and “Limited.” Section 8 company can enjoy all the privileges and be subject to all the obligations of limited companies. A Firm can also be a member of section 8 company. INCORPORATION OF SECTION 8 COMPANY
How can I register a Section 8 Company? To register a section 8 company, applicant is required to file Form INC-1 for name availability. Once the name is approved/made available, there is a further requirement of obtaining a license for a Section 8 Company, for which Form RD-1 is to be filed in order to obtain a license for such company.
Jun 19, 2024 · Section 8 company registration has more to trust and society. This type of company has more credibility among government departments, donors, and other stakeholders. In this article, we will explain how to register as an NGO in the form of , under the Companies Act, 2013.
A section 8 company is a Non-Profit Organization dedicated to promoting arts, commerce, education, charity, sports, science, research & social welfare.
Jul 4, 2018 · Section 8 of the Companies Act 2013 provides for the formation of the companies with charitable objects etc. Section 8 Company, (earlier Section 25 Company of the Companies Act, 1956), is a legal entity for Non-Government or Non-Profit Organizations.
Dec 13, 2021 · Accordingly, in this article, we shall study about the exemptions and benefits of a Company formed as a not-for-profit organization under Section 8 of the Companies Act, 2013 under the provisions of the Companies Act, Income Tax Act, Stamp Act and others. Page Contents.
