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Section 8 Company Registration

Promoting non-profit goals including trade, business, the arts, charity, education, religion, environment protection, social welfare, sports research, etc. is the main goal of incorporating a corporation as a Section 8 Company. A Section 8 Corporation must have at least two directors to be incorporated. Also, there is no requirement for a Section 8 Company's minimum paid-up capital. A non-profit organization in India can be incorporated under Section 8 of the Company Act, 2013, as a non-profit company, or under the Registrar of Societies. If this business experiences any gains, they will be used to advance its goals rather than going to its shareholders as dividends. A proposed company name that is being registered cannot be the same as or confusingly similar to an existing company name. Every firm name must also contain a word that describes the activity it engages in. For instance, the activity carried out is designated as Financial Services in Trademark India Registration.

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