Description

Section 8 Company

Section 8 company is a non- profit organization with a goal to promote art, science, sports, education, research, social welfare, religion and charity. Section 8 company has become the most popular form of non profit organization. There are only 2 structures in which the section 8 company can be registered i.e. 

• Section 8 of the Companies Act, 2013(section 25, companies act 1956)
• Trust or Society

Features of Section 8 company:

• Easy to register
• Profit Earning
• Utilization of funds and earnings

Minimum requirements to start a section 8 company:

• 2 shareholders
• 2 Directors
• 1 Director should be resident of India
• No Minimum capital required
• Identity Proof
• Pan card
• 1 Proof of Residence
• Office address proof