IndiaFilings provides support for incorporation and maintenance of Section 8 companies. Register a Section 8 Company and get licenses for undertaking not-for-profit activities.
Search results
People also ask
What is Section 8 company?
What are the objectives of a section 8 company?
What is a section 8 company in India?
Should you form a section 8 company?
Who can be a member of Section 8 company?
What are the rules and regulations of Section 8 company?
Apr 26, 2024 · In terms of section 8, any person or an association of persons intending to register a limited liability company for objects specified in section 8 (1) (a), subject to the restrictions provided in section 8 (1) (b) and (c), can opt to apply for registration of Section 8 Company.
- Eligibility and process of Registration of section 8 company
Learn the eligibility criteria, registration process, and...
- Rules and Regulations for Section 8 Company - Tax Guru
Section 8 company is a company which is licensed under...
- Eligibility and process of Registration of section 8 company
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 · Learn the eligibility criteria, registration process, and advantages of forming a Section 8 company. Understand the documentation required and steps involved in setting up this non-profit organization.
- Features of A Section 8 Company
- Formation of Section 8 Company
- Cancellation of License
- Winding Up
- Punishment For Contravention
- Advantages/Privileges
- Disadvantages
A Section 8 company comprises of the following distinct features that most other kinds of companies do not have: 1. Charitable objectives: Section 8 companies do not aim to make profits. Their objectives are purely charitable in nature. They aim to further causes like science, culture, research, sports, religion, etc. 2. No minimum share capital:Se...
A person or an association of persons can make an application to the Registrar of Companies using requisite forms to form a company with charitable objectives under Section 8 of Companies Act. The Central Government, if satisfied, can accept such an application upon any terms and conditions imposed under the license granted by it. Once accepted, th...
Section 8 companies require a grant of a license by the Central Government. All such licenses are revocable as well on the following grounds: 1. the company contravenes provisions of Section 8; 2. terms of the license are violated; 3. when its conduct is fraudulent, or it violates its own objectives and public policy. The Government can even order ...
Section 8 companies can wind-up or dissolve themselves either voluntarily or under orders given by the Central Government. If any assets remain after satisfaction of debts and liabilities upon such winding-up, the National Company Law Tribunal can order the transfer of these assets to a similar company. It can also order that they must be sold and ...
Any company that contravenes provisions of Section 8 is punishable with a fine ranging from Rs. 10 lakhs to Rs. 1 crore. Further, directors and officers of the company are liable to punishment with imprisonment up to 3 years and a fine between Rs. 25,000 to Rs. 25 lakhs. Such officers can also face prosecution under stringent provisions of Section ...
People generally prefer to conduct charitable activities by forming Section 8 companies instead of regular NGOs and associations. This is because they have limited liability, so their personal assets will not be used in paying debts of the company. Here are some advantages that these companies enjoy: 1. Members have limited liability. 2. No minimum...
Despite numerous merits, these companies also have the following drawbacks: 1. Members of the company cannot get any dividend. 2. Officers and directors do not get benefits and allowances. 3. Can only use the profits for furthering charitable aims and objectives. 4. Amendment of memorandum and articles requires Central Government’s permission. 5. T...
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.
Jun 17, 2024 · In India, such an organisation may be established as a Trust, a Society or a Section 8 Company. Bear in mind that these are not the same. They have different purposes and uses depending upon what you intend to achieve through the establishment of the organisation. When To Consider Forming a Society?
A Section 8 Company is a type of organisation recognised by Section 8 of the Companies Act, 2013. This kind of company is established for charitable and non-profit objectives and it dedicates all its income and profits towards the furtherance of its objectives.
