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Non-Profit Organization

Company Incorporation » Non-Profit Organization

Non-Profit Organization
Sec (8) – The main motive of such company to promote non-profit objectives, a non-profit organization can be registered under the Registrar of societies or as a Non-profit company under the Section 8 Company of the Company Act,2013.
  • The main activities such company to promote in the fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives.
  • These companies also apply their profits towards the furtherance of their cause and
  • These companies do not pay any dividend to their members.
  • Name of the company need not to end with the words "Private Limited" or "Limited"
  • Suffix that can be used for incorporation: The name shall include the words" Foundation, Forum, Association, Federation, Chambers, Confederation, council, Electoral trust and the like etc


Document Required for Company Registartion

Requirements:

  • Minimum 2 or more persons to act as Subscriber to the Memorandum for its set up.
  • Minimum 2 Directors {the above members may act as a director}
  • Minimum Capital Requirement (No minimum capital requirement) But incorporation with 5 Lacs or 10 Lacs capital save cost of applicant.
  • Company restricts the right to transfer it shares.
  • Except in one person Company, limits the number of members to 200.

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