Section 8 Company Compliance

The purpose of starting Section 8 Company is to encourage, promote, and sustain activities related to art, science, commerce, sports, charitable activities, and so on. Annual Compliance for Section 8 Company can be fall under a Non-Governmental Organization. According to Companies Act, 2013, it is mandatory to all the Section 8 Company Companies to file the Section 8 Compliance with the MCA or Ministry of Corporate Affairs.

The main aim to start Section 8 Company is to encourage, promote, and nourish the activities related to science, art, sports, charitable activities, commerce, and so on. Section 8 Companies fall under the Non-Governmental Organization category. These companies enjoy being treated as ‘Limited Company’, via, word ‘Limited’ but it is not added at the end of the name of the company. In short, Section 8 companies work with the objective to promote the needy sectors and communities in India. These Companies are not applicable to provide income or dividend to its partners or members.

List of mandatory Section 8 company compliances

• Appointment Of Auditor
• Conduct Board Meeting
• Income Tax Return Filing
• Filing Of Financial Return With RoC
• Conduct An Annual General Meeting
• Filing Of Annual Return With RoC