Section 8 company registration in Trivandrum
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Secure your Section 8 Company registration in Trivandrum through Shoplegal. A Section 8 Company isn't designed for gaining profits, falling under the NGO classification as per the Companies Act 2013, Trust Act 1882, or Society Act 1860. The company can generate income, yet its promoters can't benefit from the profits. Donors supporting Section 8 Companies can claim tax exemptions on their donations.
Online Section 8 Company registration in Trivandrum doesn't require stamp duty and is treated as a distinct legal entity, offering higher reliability. At least two persons serve as shareholders or Directors. Section 25 company registration focuses on charitable initiatives without seeking profits, operating under limited liability as mandated by the central government. This non-profit company status underlines its eligibility for tax exemptions.