Section 8
Company Registration
The main purpose of registering a business as a Part 8 business is to promote non -profit purposes such as goods, trade, arts, charities, education, religion, environmental protection, social welfare, sports research, etc.
To enter a section 8 company, a minimum of two directors is required. In addition, there is no minimum paid -up capital requirement in the case of Article 8 companies.
In India, a non -profit organization can be registered with the Registrar of Companies or as a non -profit company under section 8 of the Companies Act 2013.
Company profits, if any, are used to advance the company’s goals and are not distributed in the form of dividends to shareholders.
Required For Registering
Documents Required For Registering A Section 8 Company
- Director Identification Number (DIN)
- Digital Signature Certificate
- Memorandum of Association
- Articles of Association
- Passport size Photographs
- Members Id Proof such as Aadhar Card, Passport, Voter ID.
- Details of Director
- Address Proof
