Section 8 Company (Non Profit Company)

                        Section 8 Company (Non Profit Company)




What is a Section 8 Company?

A not-for-profit company formed for charitable, social, educational, or similar purposes.



Promoters Are Called:

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Members
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Directors
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Structure Requirements

Minimum Directors: 2 (private type) / 3 (public type)

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Minimum Members: 2 or 7
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Capital: No minimum
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NRI / Foreign Participation

Allowed subject to FCRA if receiving foreign donations.

Meetings

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AGM required annually
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Board Meetings
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Dividend

No dividend permitted.

Remuneration

Directors may receive remuneration subject to restrictions.

Audit

Mandatory annually.

Tax

Can apply for 12A and 80G exemption.