NGO -Section 8 Company
NGO or Section 8 Company Registration refers to the process of legally forming a non-profit organization in India under Section 8 of the Companies Act, 2013.
A Section 8 Company is established to promote charitable objectives such as education, social welfare, art, science, or environmental protection, and it does not distribute profits to its members. Instead, any income is used solely to advance its objectives.
The registration process involves:
- Applying to the Registrar of Companies (ROC)
- Obtaining a license under Section 8 after fulfilling specific criteria
- Drafting a Memorandum and Articles of Association with charitable objectives
- Complying with legal formalities like minimum members and directors
Section 8 Companies enjoy benefits such as tax exemptions, credibility, and easier access to grants, making them a preferred structure for NGOs in India.
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