Special Entities

Section 8 Company

A Section 8 Company is a type of non-profit organization registered under the Companies Act, 2013, with the primary objective of promoting arts, science, commerce, education, research, social welfare, religion, charity, protection of environment, or any other similar objectives.

Key Features:
– Non-Profit Objective: The primary objective is to promote social welfare or charitable activities.
– Limited Liability: Members have limited liability.
– Separate Legal Entity: A Section 8 Company is a separate legal entity from its members.
– Tax Exemptions: Eligible for tax exemptions under Section 8 of the Income-tax Act.

Benefits:
– Credibility: Section 8 Companies are considered credible organizations.
– Tax Benefits: Eligible for tax exemptions and benefits.
– Funding Opportunities: Can receive funding from government and non-government organizations.
– Perpetual Existence: Continues to exist even if members change.

Requirements:
– Minimum Two Members: Requires at least two members.
– Not for Profit: Must be formed for promoting arts, science, commerce, education, research, social welfare, or other similar objectives.
– License from Central Government: Requires a license from the Central Government.

Ideal for:
– Non-Profit Organizations: Suitable for organizations promoting social welfare, charity, education, or other similar objectives.
– Charitable Institutions: Ideal for charitable institutions, NGOs, and trusts.

Compliance:
– Annual Filing: Must file annual returns with the Registrar of Companies.
– Audit: Accounts must be audited annually.

Section 8 Companies offer a robust structure for non-profit organizations, providing credibility, tax benefits, and funding opportunities while promoting social welfare and charitable activities.

Mergers and Acquisitions
Corporate Compliance
Non-profit Corporations
International Corporate Law
Corporate Social
International Corporate

NGO-Society

An NGO (Non-Governmental Organization) Society is a type of non-profit organization registered under the Societies Registration Act, 1860, with the primary objective of promoting social welfare, education, healthcare, or other charitable activities.

Key Features:
– Non-Profit Objective: The primary objective is to promote social welfare or charitable activities.
– Independence: NGOs operate independently of government control.
– Public Benefit: NGOs work for the benefit of the public or specific communities.

Benefits:
– Credibility: Registered NGOs are considered credible organizations.
– Funding Opportunities: Can receive funding from government, international organizations, and donors.
– Tax Exemptions: May be eligible for tax exemptions.
– Ability to Own Property: Can own property and enter into contracts.

Registration Process:
– Choose a Name: Select a unique name for the NGO.
– Prepare Memorandum: Draft a memorandum of association outlining the NGO’s objectives and rules.
– Register with Registrar: Register the NGO with the Registrar of Societies.

Documents Required:
– Memorandum of Association: Outlining the NGO’s objectives and rules.
– Rules and Regulations: Governing the NGO’s internal management.
– List of Members: Details of the founding members.

Requirements:
– Minimum Seven Members: Requires at least seven members to register an NGO society.
– Public Purpose: Must be formed for a public purpose or charitable activity.

Ideal for:
– Social Welfare Organizations: Suitable for organizations promoting social welfare, education, healthcare, or other charitable activities.
– Community Development: Ideal for organizations working on community development projects.

Compliance:
– Annual Filing: Must file annual reports and audited accounts.
– FCRA Registration: May require FCRA (Foreign Contribution Regulation Act) registration for receiving foreign funds.

NGO society registration provides a framework for non-profit organizations to operate, offering credibility, funding opportunities, and tax benefits while promoting social welfare and charitable activities.

Mergers and Acquisitions
Corporate Compliance
Non-profit Corporations
International Corporate Law
Corporate Social
International Corporate

NGO-Trust

An NGO Trust is a type of non-profit organization registered under the Indian Trusts Act, 1882, with the primary objective of promoting social welfare, education, healthcare, or other charitable activities.

Key Features:
– Charitable Purpose: The primary objective is to promote social welfare or charitable activities.
– Trust Deed: A trust deed outlines the objectives, rules, and management of the trust.
– Trustees: Managed by trustees who are responsible for managing the trust’s assets and activities.

Benefits:
– Tax Exemptions: Eligible for tax exemptions under Section 12A and 80G of the Income-tax Act.
– Credibility: Registered NGO trusts are considered credible organizations.
– Funding Opportunities: Can receive funding from government, international organizations, and donors.
– Perpetual Existence: Continues to exist even if trustees change.

Registration Process:
– Create Trust Deed: Draft a trust deed outlining the trust’s objectives, rules, and management.
– Register with Registrar: Register the trust with the Registrar of Trusts or Sub-Registrar.

Documents Required:
– Trust Deed: Outlining the trust’s objectives, rules, and management.
– List of Trustees: Details of the trustees.
– Property Documents: Documents related to trust property, if any.

Requirements:
– Minimum Two Trustees: Requires at least two trustees to register an NGO trust.
– Charitable Purpose: Must be formed for a charitable purpose.

Ideal for:
– Charitable Organizations: Suitable for organizations promoting social welfare, education, healthcare, or other charitable activities.
– Philanthropic Activities: Ideal for individuals or organizations engaged in philanthropic activities.

Compliance:
– Annual Filing: Must file annual reports and audited accounts.
– FCRA Registration: May require FCRA registration for receiving foreign funds.

NGO trust registration provides a framework for non-profit organizations to operate, offering credibility, tax exemptions, and funding opportunities while promoting social welfare and charitable activities.

Section 8 Company

NGO-Society

NGO-Trust

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