What is the advantage of starting a non-profit organisation as a Section 8 company?

What is the advantage of starting a non-profit organisation as a Section 8 company?

Hey there,

FOLLOWING ARE THE ADVANTAGES OF STARTING A SECTION 8 COMPANY

  • No Minimum Share Capital Requirement
  • Easy Transfer of Ownership
  • Tax Benefits
  • No need to use “Section 8” or “Limited” title
  • No Stamp Duty
  • Clear Objectives for easy donations and loans
  • Easy to Manage
  • Exemptions and Privileges under Companies Act, 2013
  • Relaxation in Compliances

Hope it will help

Thanks


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