How many of you are wondering for the incorporation of section 8 company? If you are one of them, then this post is for you. Section 8 company is a non-profit organization, which has objective to promote charitable, art, science, education and sports. The gained profit from section 8 company is majorly utilized for promoting these objectives.
These companies are established for the betterment of the society, if you aim to register section 8 company then read the blog carefully. We will be discussing section 8 company registion, fees, document list and more of it. For professional guidance, you may contact to CRSPL Business Consultants, they will assist you for incorporation.
As per the Companies Act 2013, section 8 company is defined as a organizations, which has aim to promote art, commerce, science, research, sport, charity, social welfare, religion, environmental protection and other similar activities. These organization utilize their profit to promote these activities and do not distribute dividend to shareholders.
Section 8 company is established to promote non-profit activities as per the provisions of Company Act 2013. Main objective of registering section 8 company is to promote and encourage non-profitable goals. For section 8 company registration minimum 2 directors are required, as like other companies there is no requirement of min paid-up capital to set-up.
To read more, click on the link below:
https://crspl.in/blog/section-8-company-registration
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