Introduction Traditional businesses primarily aim to maximize profits, but some endeavors prioritize social welfare and community development. A Company Registered under Section 8, also known as a Non-Profit Company, is a legal structure that exists to promote charitable and not-for-profit activities while enabling a formalized organizational structure. Understanding Section 8 Company A Section 8 Company…
Category: section 8 company
Section 8 Company Registration
Section 8 Company Registration – An Overview Under the Companies Act of 2013, a Section 8 Company—also known as a not-for-profit organization—is incorporated to advance a variety of social, economic, scientific, educational, religious, and charitable goals. With a few notable exceptions, the registration procedure for a Section 8 company is very similar to that of…
What is the Annual Compliance For Section 8 Company?
A Section 8 Company is a Non-Legislative Association and one of the sorts of organizations expressed in The Organizations Act 2013. Consequently, a Segment 8 Organization is expected to document Compliances as referenced in the Demonstration. All Section 8 Company are integrated to support sports exercises, workmanship, science, religion, beneficent exercises, and so on. Additionally,…
Compliance with Section 8 – Checklist and deadlines
Section 8 companies are non-profit organizations registered under Section 8 of the Companies Act, 2013. Under the Act, Section 8 companies do not operate for monetary profit, but rather for the betterment of society and the welfare of people. It is the primary objective of these companies to promote arts, science, culture, sports, and religious…