Section 8 Company Registration

Section 8 of the Companies Act 2013 is a specific law provision within India for the registration of non-profit organizations. Specifically, for only such organizations that are involved in the business of art, science, sports, education, public welfare, and other charitable or public causes. Section 8 Companies, as opposed to regular companies for profits but with interest only in the welfare of society and not profits. Such registration is accompanied by a package of advantages like added credibility, tax exemption, and limited liability which have always remained the preferred option for those interested in commencing a successful and bulky non-profit business.