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 2003.
  • The registered partnership may be a member in its own responsibility.
  • The company's tax deductiohttp://investmentjunction.in/COMPANY-REGISTRATION.htmlns and lenders / s.80G the Income Tax Act.
Key Terms
  • For the promotion of the main object a gain or the income of the Company is applied
  • Distribution of dividends or profit to the organizer does not have the right
  • No member is appointed as a paid official
  • No remuneration power / will be paid to a member who is a staff member / officer of the Corporation (excluding reimbursement of reimbursable expenses, reasonable interest on monetary compensation or reasonable rent on the premises)
  • Subsequent modification of MoA and AoA requires prior approval from the central government. (IE, Regional Director)
Key Requirements
  • 2 minimum shareholders (for Private Limited Co.) and 7 shareholders (for Public Co. Limited)
  • 2 Minimum Directors (for Private Limited Co.) and 3 Directors (for Public Limited Limited)
  • Directors and shareholders may be the same person
  • DIN (management identification number) for all directors
  • DSC (Digital Signature Certificate) for two of the directors



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