Section 8 Company Registration – An Overview
- 1 Section 8 Company Registration – An Overview
- 2 Benefits of Section 8 Company Registration
- 3 Donations/Funding of Sec 8 Company
- 4 Requirements for Online Registration of Sec 8 companies
- 5 Name Approval of Section 8 Company Registration
- 6 Sec 8 Company Registration Eligibility Criteria
- 7 Documents Required for Registration of Section 8 Company
- 8 Online Section 8 Company Registration – A Detailed Process
- 9 Section 8 Company Compliances
- 10 FAQs on Section 8 Company Registration Online
- 10.1 1. How may my business become a Section 8 company?
- 10.2 2. Is Section 8 Company a public or a private company?
- 10.3 3. How can I check if a Section 8 Company is registered or not?
- 10.4 4. Is there a maximum number of members that a Section 8 corporation can have?
- 10.5 5. What other options are there for forming an NGO?
A Section 8 company registration, as per the Companies Act of 2013 or the previously existing Companies Act of 1956, refers to an organization that is established with the primary objective of promoting fine arts, science, literature, knowledge sharing, or charitable activities. Such companies are registered as limited companies under the Companies Act and are regulated by it. The government grants these companies an exclusive license under Section 8 of the Companies Act, subject to three main conditions that need to be met.
To be eligible for Section 8 company registration, the organization must be established for charitable purposes and must use its income and profits towards these objectives. Furthermore, the company must not distribute any dividends to its members.