How to Register NGO under section 8 Comapny
Section 8 Company Registration is named after Section 8 of the Companies Act, 2013, allows us to establish a NGO with the objects - 'for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object', provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members.u201d Section 25 Company (under Companies Act, 1956) and Section 8 (under Companies Act, 2013) both are same. Section 8 Companies are a legal structure of Non-Profit Organizations (NPOs) or Non-Governmental organizations (NGOs) with the authority to work across the country. It is similar to a Trust or Society, the only difference is of the governing authorities. A Section 8 Company is registered and governed under the Central Government's Ministry of Corporate Affairs whereas Trusts and Societies are regulated under State Government regulations.
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