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Section 8 Company or a Non-Profit organization (NPO) is a Company established for promoting commerce, art, science, religion, charity or any other useful object provided, the profits, if any, or other income is applied for promoting only the objects of the company
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What is Section 8 Company? Section 8 company means a company which- • has in its object the promotion of commerce, art, science, sports, education research, social welfare, religion, charity, protection of environment and • intends to apply its profit, if any, or other income in promoting its objects and • intends to prohibit the payment of any dividend to its members © MONETIC ALL RIGHTS RESERVED 2016
Why Section 8 Company register? Section 8 Company is formed because it promotes • Commerce • Art • Science • Sports • Charity • Social Welfare • Protection of environment Any person or association of person who want to register for the above purposes can apply for registration of Section 8 Company. © MONETIC ALL RIGHTS RESERVED 2016
Apply for DSC and Din for proposed Directors Apply for DSC and Din for proposed diretors Reservation of Name Drafting of MOA and AOA Filing of e-Forms Certificate of Incorporation © MONETIC ALL RIGHTS RESERVED 2016
COMPARISON BETWEENTRUST, SOCIETY AND SECTION 8 COMPANY © MONETIC ALL RIGHTS RESERVED 2016
Address:- 460, 3rd Floor, Kohat Enclave, • Pitampura, New Delhi -110034 • Mobile: +91-9999962751 • Telephone: 011-45547637 • Email ID:- info@monetic.in • Website:- www.monetic.in • www.registrationwala.com © MONETIC ALL RIGHTS RESERVED 2016