Section 8 Companies enjoy various exemptions and benefits under the Income Tax Act.
Donations to such companies may also qualify for tax deductions under Section 80G.
Section 8 Companies enjoy various exemptions and benefits under the Income Tax Act.
Donations to such companies may also qualify for tax deductions under Section 80G.
A Section 8 Company is a non-profit organization registered under the Companies Act, 2013. It is formed to promote charitable objectives like education, social welfare, art, science, culture, research, sports, or environmental protection.
Yes, a Section 8 Company can earn profits, but those profits must be used only for charitable purposes. They cannot be distributed among members or shareholders.
Any individual, group of individuals, or an association who wants to promote charitable activities can register a Section 8 Company.
Credibility and recognition as a registered NGO
Limited liability protection for members
Tax benefits under the Income Tax Act
Eligibility for government grants and foreign funding
Separate legal identity
NGO is a general term for non-profit organizations.
Trusts & Societies are registered under state laws.
Section 8 Companies are registered under the Companies Act, 2013 and enjoy higher credibility, corporate structure, and better compliance benefits.
Yes. A Section 8 Company must have at least 2 directors (Private Limited) or 3 directors (Public Limited).
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