Whether Section 8 Company is Private or Public?

Whether Section 8 Company is Private or Public?

All companies in India are not operating for profit purposes. Many companies primarily operate for charitable and non-profit objectives. The company registered under Section 8 of the Companies Act 2013 is known as Section 8 Company.

Section 8 companies can only be registered as Private or Public Limited. It cannot be registered as a one-person Company (OPC).

According to Section 8 of the companies Act, 2013, such companies are established to promote commerce, art, science, sports, social welfare, charity, protection of any environment or any other such charitable objects. As per rule 8(7) of the companies Incorporation Rules, 2014 for the companies under Section 8 of the Act, all the section 8 companies are named and registered as an Association, Foundation, Society, Club, Organization etc. These companies are registered under the Ministry of Corporate Affairs, Government of India.

 

 

Created & Posted by Pooja

Income Tax Expert at TAXAJ

 

TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you with a One-Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/Business, Trademark & Brand Registration, Digital Marketing, E-Stamp Paper Online, Closure of Business, Legal Services, Payroll Services, etc. For any further queries related to this or anything else, visit TAXAJ

 

Watch all the Informational Videos here: YouTube Channel

 

TAXAJ Corporate Services LLP

Address: 1/11, 1st Floor, Sulahkul Vihar, Old Palam Road, Dwarka, Delhi-110078

Contact: 8961228919 ; 8802812345 | E-Mail: connect@taxaj.com

 


    • Related Articles

    • Compare Private & Public Limited Company

      Private Limited Company vs Public Limited Company There are many types of companies, the most popular form are; private limited and public limited company. Both have its own advantages and disadvantages. Therefore, an entrepreneur will have to choose ...

    • Incorporation of Private Limited Company

      Requirements for Incorporation of a Private Limited Company  Every business type has its own set of requirements before it is incorporated. The requirements for Incorporation of Private Limited Company are as stated below:  Members and directors: As ...

    • Compliances for Private Limited Company

      Compliances for Private Limited Company The term compliance describes the ability to comply with orders, set of rules, or requests. A private limited company that has been incorporated in India must ensure the compliances concerning the Companies ...

    • Is Section 8 Company A Private Company

      In India, Non-Profit organizations can register themselves either under the Trust Act, 1882 or the Societies Registration Act, 1860 or can be registered as company under the Section 8 of the Companies Act, 2013 (previously under Section 25 of the ...

    • Procedure for Registration of Public Limited Company

      Public Limited Company Registration What is a Public Limited Company? A Public Limited Company registration in India is the best suitable business structure for entrepreneurs who are planning for large-scale business operations. To register a Public ...