NGO (Section 8 Company) under Companies Act, 2013 in
An NGO (Section 8 Company) under the Companies Act, 2013 is a non-profit organization aimed at promoting charitable activities. ASHISH MAHAWAR AND ASSOCIATES in Sambalpur offers expert assistance in establishing such organizations.
NGO (Section 8 Company) under Companies Act, 2013
A Section 8 Company is a Non-Profit Organization (NGO) registered under the Companies Act, 2013, formed to promote charitable activities like education, social welfare, environment, and arts.
Key Features:
No profit distribution – Profits must be used for objectives, not dividends.
Minimum 2 Directors & 2 Members (for private) or 3 Directors (for public).
Limited Liability – Members’ liability is limited.
No Minimum Capital Requirement – Can be started with any amount.
Requires Central Government Approval for incorporation.
Benefits:
Tax Exemptions – Eligible for 12A & 80G under the Income Tax Act.
Credibility & Trust – Better recognition than trusts & societies.
Government Grants & CSR Funding – Eligible for various schemes.
For individuals searching for 'NGO (Section 8 Company) under Companies Act, 2013 in Sambalpur', ASHISH MAHAWAR AND ASSOCIATES is your best local option. With a strong reputation for excellence and a focus on charitable objectives, they guide clients through the incorporation process seamlessly, making them the nearest trusted partner for your NGO needs.
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