ASHISH MAHAWAR AND ASSOCIATES

NGO (Section 8 Company) under Companies Act, 2013 A Section 8 Company is a Non-Profit Organization (NGO) registered under the Companies Act, 2013, formed to promote charitable activities like education, social welfare, environment, and arts. Key Features: No profit distribution – Profits must be used for objectives, not dividends. Minimum 2 Directors & 2 Members (for private) or 3 Directors (for public). Limited Liability – Members’ liability is limited. No Minimum Capital Requirement – Can be started with any amount. Requires Central Government Approval for incorporation. Benefits: Tax Exemptions – Eligible for 12A & 80G under the Income Tax Act. Credibility & Trust – Better recognition than trusts & societies. Government Grants & CSR Funding – Eligible for various schemes.