Section 8 company is a concept that combines the lead of a NGO and a Corporate. It provides an unorthodox to the promoters to increase the idea of Social cause on a much larger scale. Giving NGO a corporate form has various benefits over the era which can be en cashed by incorporating a Section 8 Company.
We have incorporated several Section 8 companies in Musalahpur which are effective in various fields for the welfare of public at large. Our assimilation service includes Name Selection, Memorandum Drafting and Company Registration. We give our clients best in class services thus that they are not fearful with any non agreement during the initial stages of there growth. In Musalahpur we accept a maximum of 10 days era to incorporate a Section 8 Company.
![]()
WHAT IS SECTION 8 LICENSE?
Generally publicize of a company ends subsequent to word Limited or Private Limited, but Companies Act, 2013 provides for a license under Section 8 to the companies in action in the social welfare and marketing of Arts, Science, Commerce, Education, Literature etc to have there publicize not terminate with the word Limited or Private Limited. These organizations are called as Non-Profit Organizations and there say may subside with words when Association, foundation etc.
What is a Non-Profit Organization (NPO)?
An government which otherwise of distributing its surplus/profit in the middle of its members, applies the similar in the fulfilment of its objects. That is they are not allowed to distribute any allowance in the form of dividend or profit sharing. Company registered below Section 8 is a Non Profit Organization
Is Section 8 company Public company or Private Company?
Section 8 Company can be incorporated both as a public as capably as private company.
- A minimum of 2 members are required if the company is incorporated under the definition of private company and a minimum of 7 members shall be required if the company is incorporated below the definition of public company.
- An OPC (One Person Company) cannot apply for License under Section 8
DONATION:
A company incorporated below Section 8 can accept donations from public subject to applicability of supplementary rules and regulations and official recognition form the Memorandum of Association.
If the Section 8 Company is incorporated below the definition of Public Company it can also build up members and take membership develop from such members.
Can a Section 8 Company apply for 12A and 80G Registration?
A Section 8 company like supplementary NGO can apply for 12A and 80G registration with Income Tax Department.
CONVERSION FROM OR INTO SECTION 8 COMPANY:
Any company below the definition of Public or Private company can apply for license under Section 8, and the Ministry of Corporate Affairs can after due statement of documents and keeping in view anything the formalities, issue license below section 8 of the Act.
Likewise a company registered under Section 8 can convert itself into Public or private Company.