- About Us
- Start A Business
- Mera Munim
- Contact Us
Area 8 Company is named Section 8 of the Companies Act, 2013, which relates to a set up ‘for advancing trade, workmanship, science, sports, instruction, look into, social welfare, religion, philanthropy, assurance of condition or any such other question’, gave the benefits, assuming any, or other wage is connected for advancing just the objects of the organization and no profit is paid to its individuals. In this way, Section 8 Company or Section 25 Company is an organization enlisted under the Companies Act, 2013 for beneficent or not-revenue driven purposes.
A Section 8 Company is like a Trust or Society; expect, a segment 8 Company is enrolled under the Central Government’s Ministry of Corporate Affairs. Trusts and Societies are enrolled under State Government directions. An area 8 organization has different favorable circumstances when contrasted with Trust or Society like enhanced acknowledgment and better lawful standing. Area 8 organization additionally has higher believability among contributors, Government offices and different partners.