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Showing posts with the label process of section 8 company registration

How to Start Section 8 Company and Requirements of Online Registration

 What is Section 8 Company? Section 8 company is a specific type of business entity related to a Non Profit organization. It is registration done under the Companies Act 2013. It encourages improvement in the area of education, arts, commerce, science, sports, charity, environment protection, religion, social welfare and many more. If the Section 8 Company does generate any profit, the members or shareholders or directors cannot take any profit. The profit amount must be utilized to promote charitable purposes only as it is a non-profit organization (NPO).   Steps of Section 8 Company Registration Online Although Section 8 Company registration processes are quite simple, still some rules and regulations need to follow. Name Application To start any company, you need to apply for its name at first. To do that, you need to apply to the Registrar of Companies office or apply online. You can also use the online RUN (Reserve Unique Name) portal to find a suitable name for your section