Section-8 Company

Section 8 Company is chosen by individuals or groups focused on charitable, educational, or social causes. It allows for structured operations with tax benefits under 80G and 12A. Profits cannot be distributed and must be used for the stated objective. It provides credibility for fundraising and receiving donations. Ideal for NGOs, social entrepreneurs, or non-profits.

  • Compliance:
    • Obtain license from MCA under Section 8
    • Annual filings (AOC-4, MGT-7)
    • Maintain proper books and conduct board meetings
    • Apply for 12A and 80G for tax exemptions
    • Profits must be used only for the stated objective
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