Non Profit / Section 8 Company Formation
Section8 company or non-profit organization (NPO) is a company that is dedicated to promoting trade, art, science, religion, charity or other useful objects, provided that the benefits , Where applicable, or other income to promote it only the objects apply the company and no dividend is paid to its members. Company Formation Registration in Pune A NPO / NGO can be formed to promote useful objects such as sport, education, research activities, etc. The term No profit does not mean that the Company can not generate profits or income, but it basically means income to further promote the object and not for distribution to the organizers. This means that the company can make a profit, but promoters can not be benefited from these gains. Main advantages Many privileges and immunities as corporate law. Exemption from the minimum capital requirement released Exemption from stamp duty for registration. Non-application of client auditor companies (CARO) of 20...