Section 8 Company, Proposer Consultants

Section 8 Company is a form of Company recognized under the Section 8 of Companies Act, 2013 that dedicates their incomes and profits towards the furtherance of the company’s non-profit objectives and philanthropic causes. The Companies Act defines a Section 8 company as one whose objectives is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives. Section 8 do not pay dividend to its members. Some examples of Section 8 Company Registrations are Federation of Indian Chambers of Commerce and Industry (FICCI) and Confederation of Indian Industries (CII). Section 8 Companies can get benefited under the Income Tax Act Sections 12(A )and 80(G).

Why Section 8 Company Registration?



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