Registering as a Section 8 Company offers many benefits. It helps:
Section 8 Company for NGOs and NPOs
Being an NPO or Non-profit Organization does not mean that your company cannot make profit. In fact, it only signifies that the promoters of such companies will not benefit from the profits earned by the company. All income must be applied towards promoting and achieving its objectives. Tax reliefs are available to these companies as well as their donors who want to avail tax exemptions against donations made under section 8 of Companies Act 2013 in India.
01
It has a distinct Legal Identity different from it’s members with perpetual existence
02
Exempt from the requirement of paying stamp duty on the MoA and AoA of the private or public limited company
03
No Minimum Capital Requirement
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Requirements of Companies Auditor’s Report Order do not apply
05
Many tax benefits are granted
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More reliable than all other forms of charitable organizations