Section 8 Company is a company which is registered as per the provision of section 8 of the Companies Act 2013 for charitable or not-for-profit purposes. This Company is, however, similar to a Trust or Society; an exception is that a Section 8 Company is registered under the Central Government’s “Ministry of Corporate Affairs (MCA), whereas the Societies and Trusts are registered under the State Government regulations. Thus, Section 8 Company has various advantages when it is compared to Trust or Society and it also has higher credibility amongst the donors, Government departments, and other stakeholders. Further, the key feature of this Company is that the name of the Company can be incorporated without using the word “Limited” or “Private Limited” as the case may be.
True Legal Ventures LLP is a tech-based Knowledge Intensive Platform having research oriented skilled team of professionals who deliver and facilitate the Corporate Business Solutions in the fields of Business Registration, Taxation, Corporate Compliances, Company Law, FEMA, IPR, Legal Drafting and Regulatory Approval Services etc.