A Section 8 Company is a non-profit incorporated under Companies Act 2013 for promoting commerce, art, science, education, or social welfare. Profits must be reinvested towards objectives.
Key Advantages over Trust/Society
- Regulated by MCA - higher credibility and transparency
- Limited liability protection for members
- Eligible for 80G, 12A, CSR, and FCRA registrations
- Can receive foreign grants via FCRA
Documents Required
| Document | From |
|---|---|
| PAN Card | All directors/members |
| Aadhaar Card | All directors/members |
| Address Proof (Utility Bill) | Registered office |
| NOC from Owner | Registered office |
| Declaration of Objectives | Prepared by Webmittar |
| MOA & AOA (Charitable clauses) | Drafted by Webmittar |