A Section 8 company is one that is registered as a not-for-profit organization under Section 8 of the Companies Act 2013. Unlike other companies under the Act, Section 8 companies do not operate for profit. monetary, but rather work for the betterment of society and predominantly the welfare of people. The fundamental objective of these companies is to promote the arts, sciences, culture, sports and encourage educational or religious activities.
Section 8 Company Annual Compliance
As a Section 8 company, it is imperative that you comply with the annual requirements set forth by the Ministry of Corporate Affairs (MCA). Failing to do so may result in penalties, fines, and even the suspension of your company’s operations
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