Section 8 Company Compliances
A Section 8 Company is like a Trust or Society; expect, a section 8 Company is registered under the Central Government's Ministry of Corporate Affairs. Other entities like Societies & Trusts are registered under State Government regulations. It has numerous advantages comparison to Society or Trust like better recognition and better legal standing. Section 8 company also has greater reliability amongst donors, Government departments and other investors.
FCRA registration is required to attract donations from outside India. The NGO must be registered under the provisions of the Foreign Contribution Regulation Act, 1976. For FCRA registration, an NGO must have completed three years of operations. FCRA Registration is granted by the Ministry of Home Affairs, Govt. of India.