Section 8 Company Registration In Delhi
Section 8 company is a company which registered as a Non-Profit Organization. The objective of these companies is to promote the fields of arts, commerce, science, research, education, sports, charity, social welfare, environment protection and other similar activities.
A non-profit organization can be registered under the Registrar of societies or as a Non-profit making organization under the Section 8 Company of the Company Act, 2013.
Section 8 companies were previously defined under Section 25 of Companies Act, 1956 with almost the same provisions. The new companies Act, 2013 prescribed more objectives that Section 8 companies can have.
These companies use their all income or profit towards the furtherance of their objectives and did not distribute as dividend amongst its shareholders.