Companies with charitable activity as sole objective can be registered as “Section 8 Company”
Enquiry Form
Features
Objective should be the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other objectives
Profits (if any) should be used for above objectives & no dividend is payable to its members
Managed by Board of Directors with respect to MOA & AOA
Will be controlled by Shareholders and can be easily transferable
Minimum 2 directors & atleast one director should be Indian Resident
No Minimum Capital Required
Benefits
The Section 8 Company can claim the Income Tax Exemption under the Section 12AA & 80G.
Required Documents
Require Documents Address & ID proof of all Directors,