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What are the features of NGO section 8 company?

Learn about the Eligibility,Process involved and FAQ related to NGO Section 8 company registration

Objective and Goals
non-profit organization is one that does not make money. It helps the general public and it can help all sorts of things like sports, education, etc.
Profit Sharing
The goal of an NGO is not to make a profit. If any money is earned during the course of its business, it should not be shared among members.
Spending
NGOs have a restriction on what they can do with their profits. They can't give them to members. And they use the money to promote certain things.
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Registering your NGO as a section 8 company has many benefits. Let experts help you get this done and find out what other things you need to do.

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FAQ

Have a question? check these answers.

Non-profit organizations are for the promotion of art, science, sports, education or any other object. They provide help in many ways and do not make any profit.

To be a non-profit company in India, an NGO can choose to be registered as any of the three structures. They can become a company under Section 8 of the Companies Act, 2013(section 25, companies act 1956) or they can be registered as a trust or society.

A Section 8 Company is the most popular form of NGO in India. It is easy to register, run, or manage. If you are not sure what an NGO is, it stands for Non-Governmental Organization.

The features of an NGO section 8 company are:

Objective and Goals: A non-profit organization is one that does not make money. It helps the general public and it can help all sorts of things like sports, education, etc.

Profit Sharing: The goal of an NGO is not to make a profit. If any money is earned during the course of its business, it should not be shared among members. It should be used for achieving the goals that the organization was created for.

Spending: NGOs have a restriction on what they can do with their profits. They can't give them to members. And they use the money to promote certain things.

Digital signatures are the only way to send a document electronically. All e-forms that are filed on the MCA Portal need to be submitted with digital signatures.

Yes, you need at least two people to form a section 8 company.

If you have any other questions or queries,our team of experts will be happy to answer them.You can always contact us support@smartaccountants.in

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