What is Section -8 Company?

Section 8 Company is named Section 8 of the Companies Act, 2013, which pertains to a established for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object', provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. Therefore, Section 8 Company or Section 25 Company is a company registered under the Companies Act, 2013 for charitable or not-for-profit purposes.

Why Section-8 Company ?

  1. Tax Exemption
  2. No Minimum Capital Requirement
  3. No Stamp Duty Payable
  4. Separate Legal entity