Section-8(NPO) Company

These are the non- profit organization which are registered under Indian society law and are registered as trust r society. These are non-Government or non-profitable organization. Earned income of the company is used only for promoting the objective of the company.

These types of company enjoy all privileges of a limited company.

• There should be a minimum of two shareholders

• minimum of two directors

• the director must be an Indian resident

• no minimum capital required

• no need to add privately limited or public limited after your company name

• need to get the licence from a society of India department

These are the trusted society other advantages of section-8npo-company are –

1. Limited liability

2. Separation legal entity

3. Perpetual succession

4. Lesser compliance

5. Easy share transfer

6. Various benefits in taxation