At Compliancekart, we provide top-end business and Financial related services. When it comes to registration of your Section 8 company, we’re your best choice.Our friendly staff will guide you through the entire process and also give business advice which will definitely help you carry out business smoothly.Here’s your end-end business support. We will definitely take care of your business by giving you the best business advice and also help in Company Registration processes.

1. There are several exemptions that the company Law. This is one of the business section 8 company benefits.
2. There is no minimum paid up capital required. Therefore, you can guess one of the benefits of section 8 company is that you can set it up even if you don’t have money.
3. The section 8 company objectives must be to promote   social welfare activities. Furthermore, keep in mind that there are no directives of a state. Thus, the rules of NGO registration in Delhi are same as everywhere else in India.
4. There is no requirement of a stamp duty.
5. Under the income tax act, there are certain tax deductions given to a Section 8 company.
6. A section 8 company has clear objectives that allow them to gather donations easily.
7. It can be managed easily due to several privileges that it is given.
8. As this entity is a company, a section 8 company minimum member count is 2 directors and 2 shareholders. It is an important infrastructural aspect that you must fulfil to get NGO registration under section 8.

But what do these benefit even mean? Thankfully, our approach to Sec 8 Company registration relies on first making you aware of these perks.Companies registered under section 8 company are different from the rest. Existing as business entities, their main purpose to promote social welfare – as aspect that has
Thus, let’s now take a deep dive into the these benefits of section 8 company:

Tax exemptions

The section 8 of Company act defines a business entity those person is not to generate profits, but goodwill among public. And therefore, the government of India saw it fit to provide it several tax exemptions in India.

It is one of the greatest benefits of Section 8 Registration in India.

No minimum capital requirement

A Sec 8 Company incorporation under Section 8 requires no capital to get incorporated. And the reason behind it is simple. It’s altruistic nature motivates the government of India to incentivize its registration by reducing the Section 8 Company registration fees. And the way they do it is by removing any minimum capital requirement.

No stamp duty is requires

Since there is no net worth requirement, there is no need of a stamp paper to incorporate a Section 8 Company in India. It ensures that the directors can register a company without being encumbered by the stamp duty requirements.

Deductions for income tax

For a Section 8 Company, India has placed forth specialized income tax deductions. However, to obtain them, you must also acquire the 80G and 12A Registration for section 8 company in India.

Easily gathering Donations

Donations are the most viable form of earnings for a Section 8 Company, meaning the money acquired from donations is the only source of “income” for this business entity.However, that money can’t go into paying the members of the business entity, but to promote of the company’s objectives.

You can manage the company easily

A section 8 company is governed by the rules specified in the Memorandum of Association. Thus, as long as you follow the objectives you have specified in your MOA to the tee, management won’t be an issue your company.

Freedom to choose the name

The name of section 8 companies in India need not have the words “Company” or “Limited” integrated with it. This business entity entail a term that emphasizes that the company is an organization – using words such as Foundation, Electoral Trust, Chambers, Federation etc.

These advantages of section8 company can only be enjoyed by those who meet the eligibility criteria.