Non Profit Organisation (NPO) REGISTRATION

NON PROFIT COMPANY (Section 8 Company)

As per Section 8(1a, 1b, 1c) of the new Companies Act, 2013, a Section 8 company can be established for “promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object”, provided it “intends to apply its profits, if any, or other income in promoting its objects” and “intends to prohibit the payment of any dividend to its members.”
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As per Companies Act, 1956 the section 8 company is known as section 25 company.