S.No. Exemptions 1 A Section 8 Company can appoint company secretary who does not fall in the definition of company secretary under Section 2(24). A… Read More »Exemptions to Section 8 Company under the companies act 2013
Non-profit non-governmental organizations can operate in India as NGOs, section 8 companies, charity trusts, and cooperative societies. The general purpose of setting up a non-profit organization is to promote charitable activities related to education, art, religion, culture, sports, and social welfare. It is not mandatory for such organizations to get registered before commencing operations. However, it is always advisable that they get registered to avail of tax exemptions and other kinds of benefits meant for non-profit entities.
“Think of giving not as a duty, but as a privilege”India has the highest number of people volunteering and donating money in the world, ahead… Read More »Difference between Trust, Society & Section 8 Company