Section 8 Company Registration in Delhi – Process, Benefits & Eligibility
A Section 8 Company is one that is formed as a Non-Profit Organisation (NPO) with the primary objective of supporting charity and social causes. If you're looking for Section 8 company registration in Delhi, you should know that these businesses are founded to promote education, arts, commerce, science, sports, environmental protection, social welfare, and religious or charity activities. All revenues or income gained must be used exclusively for these purposes, and no dividends may be issued to members.
The Central Government gives these firms an incorporation licence, and they must follow the precise laws and restrictions outlined in the firms Act.
Eligibility Criteria for Section 8 Company Registration in Delhi:
- Individuals or groups (association of persons) can apply if their intent aligns with the charitable or non-profit objectives mentioned.
- The primary aim must be to advance fields such as science, education, art, commerce, religion, social welfare, research, sports, or environmental conservation.
- Any profits or income earned must be reinvested in the pursuit of these approved causes.
- The company must not distribute dividends to its members under any circumstances.
Section 8 company registration in Delhi is suitable for people who want to make a beneficial influence on society while also gaining legal recognition and structure for their non-profit efforts.
