Section 8 Company registration

Ruchita Dang And Associates27 Oct, 2021Business

Incorporation of a Company in India - A company in India is required to be incorporated under The Companies Act, 2013 and is also required to comply with various regulations/ procedures laid down under the Companies Act,2013 . A Section 8 Company is One whose objectives is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives. These companies also apply their profits towards the furtherance of their cause and do not pay any dividend to their members Section 8 companies, unlike all other companies, do not require a prescribed minimum paid-up share capital..