Know the Cost to trademark a name and all the fees required
23 Apr, 2024
Section 8 Company is a legal entity that promotes commerce, art, science, sports, education, research, social welfare, religion, charity, environmental protection, and the likes of it.
A Section 8 Company is almost identical to a Society or a Trust. It is registered with the Central Ministry of Corporate Affairs but Society and Trust are registered with the State Government.
Section 8 company registration online has quite a lot of advantages like better legal standing; improved recognition and the donors, as well as stakeholders, consider it much more reliable as compared to a Trust or a Society.
80G of the Income Tax Act, 1961 and the Section 8 Companies Act 2013 provides many benefits to Companies under Section 8 registration as compared to an NGO or trust. The stamp duty for companies registered as Sec 8 is less and it doesn’t require much share capital. Therefore funding and donation to companies registered under Section 8 are easier than to an NGO or trust. Above all, tax benefits on donation to the companies registered under Sec 8 are much higher as compared to other organizations involved in social services.
Following are the list of Benefits or Advantages for Companies Registered under Section 8:
Online Legal India™ expert team of highly qualified CA/CS and 10+ years of experienced lawyers who would assist you to Register your Section 8 Company. We have budgeted services for those who are willing to venture into a company, business or any other kind of organization.
After you register your business with MCA (Ministry of Corporate Affairs), you need to do trademark registration which is essential for all businesses.
If section 8 companies want to start export business inter-state or international, they must have an import-export code which is being validated by DGFT (Directorate General of Foreign Trade).
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