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.
NGO United States
Registering as a Non-Governmental Organization (NGO) in USA has many benefits. Currently, about 1.3 million organizations are registered with the IRS as nonprofit organizations in the USA.
Corporate Compliances are a set off checks set by MCA and the Company Act 2013 to have an eye on company’s financial as well as operational activities.
Yes, heavy penalty is there in case of delay in the annual filling.
Download free legal guide on how to successfully start and manage business in India & achieve 100% compliance.
In India, the Section 8 Company is regulated by Indian Companies Act, 2013 and therefore the rules that are created under that and it is run by the Ministry of Corporate Affairs, Government of India
Section 3 of the Indian Trust Act, 1882 defines the term ‘trust’ as An obligation annexed to the ownership of property and arising out of confidence reposed in and accepted by the owner or declare
A society is a combination of several individuals and united using a mutual consent to deliberate, govern and act co-operatively for some social purpose
Hi there, Talk To Expert