All You Need To Know About Section 8 Company Registration
Trust, Society and Section 8 Companies are the 3 legal forms of companies in India for non-profit organizations. There isn't anyt any relevant regulation governing Indian trusts; Indian societies have one-of-a-kind prison and institutional frameworks from kingdom to kingdom, at the same time as Section 8 corporations have a uniform regulation throughout the country - the Companies Act, 2013. This strong act governs the formation, control and legal responsibility of a Section 8 company , making it extra strictly regulated and supervised than trusts and societies and identified globally. Section 8 company Section 8 company is registered for charitable or non-income reasons. On the opposite hand, this organization is just like a accept as true with or a society; The distinction is that Section 8 Company is registered with the "Ministry of Corporate Affairs (MCA)" of the Central Government, at the same time as Societies and Trusts are registered with the State Government. Com