BENEFITS OF REGISTRATION
SECTION 8 COMPANY : A Section 8 company is a non-profit organization that is registered under the Companies Act, 2013. The objective of a Section 8 company is to promote charitable or social causes such as education, art, religion, social welfare, etc.
Section 8 companies do not have any shareholders, instead they have members who act as the custodians of the organization. The profits earned by a Section 8 company are reinvested into the company for its further growth and development.
The advantages of forming a Section 8 company are:
1. Tax exemptions: Section 8 companies are exempted from paying income tax, provided they comply with certain conditions.
2. Limited liability: The members of the company have limited liability, which means they are only liable to the extent o…
TRADEMARK
