A Section 8 Company in India represents a unique blend of a charitable organization and a corporation. It is specifically designed for entities committed to social objectives such as education, poverty alleviation, environmental conservation, and other philanthropic ventures. Unlike traditional companies, Section 8 Companies reinvest their profits back into their core mission, rather than distributing them as dividends. This structure makes them ideal for entrepreneurs and philanthropists who are driven more by social goals than by profit.
DOCUMENTS REQUIRED
1: Proof of Identity and Address: For all Directors and Promoters, including PAN, Aadhar, Passport, Driver's License, and recent utility bills.
2: Registered Office Proof: Lease agreement, sale deed, or a recent utility bill along with a NOC from the property owner.
3: Articles and Memorandum of Association: Drafted to reflect the company's mission and operational framework.
4: Declaration of Compliance: By a practicing Chartered Accountant or Company Secretary.
5: Income and Revenue Details: If applicable, to demonstrate the financial viability of the proposed activities.
