NGO Registration

Companies registered under section 8 of the Companies Act 2013 are called Section 8 companies. Their principal objective is to promote of arts, commerce, charity, education, protection of the environment, science, social welfare, sports, research, religion and intends to apply its profits, if any, or other income in promoting its objects.. It functions like a Trust or society established for NGO activity, except section 8 companies are registered with MCA under the central government. The earnings of the Company must be used to promote only charitable objects and cannot pay any dividend to the members of the company. The central government provides an incorporation certificate to all such companies and also informs them about some restrictions and conditions.