Section 8 Company Registration: A Guide to Trust and Society Registration
What is Section 8 Company Registration? Section 8 Company registration refers to the incorporation of a company with the primary goal of promoting social welfare, charity, education, or any other public interest activity. These companies do not operate for profit and must reinvest their earnings into their objectives. If you are looking to start a non-profit organization in India, a Section 8 Company is an ideal option for you. The process involves compliance with the rules specified under the Companies Act, 2013. Trust Registration: A Step Toward Social Impact Trust registration is another effective way to establish a non-profit entity. It is usually governed by the Indian Trusts Act, 1882. A trust can be formed for various purposes such as religious, charitable, or educational. The primary difference between a trust and a Section 8 Company is that a trust is managed by trustees, while a Section 8 company registration has a board of directors. The registration process for trust...