A Section 8 company, also known as a Section 25 company under the Companies Act, 2013, is a non-profit organization that can be registered in India with the core purpose of promoting commerce, science, art, education, sports, research, religion, social welfare, charity, protection of the environment, or any other such object, where the profits and other income are used solely to promote the objectives of the company and no dividends are paid to its members. Unlike Trusts or Societies, which are registered under State Government regulations, a Section 8 company is registered under the Ministry of Corporate Affairs (MCA) of the Central Government.
One of the key advantages of registering a Section 8 company is that it enjoys higher credibility among donors, government departments, and other stakeholders compared to Trusts or Societies. Additionally, unlike traditional companies, the name of a Section 8 company can be incorporated without using the words “Limited” or “Private Limited”, providing flexibility in choosing a name for the organization.
No matter what type of business you want to run or the industry you belongs to, Bhakat Associates will take care of the registration process with our easy and affordable services.