Online Chartered can help you form a producers company in most convenient way.
Any individual or an organization who wants to run charitable activities on a larger scale can do so by forming a trust, society or section 08 company. Section 08 Company Registration is a legal way of doing charitable or recreational activities under the format of company which is governed by Section 08 of the companies act 2013 (section 25 of companies act 1956). This company type must strictly adhere to the charitable objectives stated in the Act, as any deviation can result in closure.
Directors PAN Card or Passport for Foreign Nationals and NRIs Directors Voter’s ID, Passport, or Driver’s License
Directors Latest Bank Statement, Telephone/Mobile Bill, Electricity, or Gas Bill
Passport-size Photograph of Directors Digital Signature of Directors Notarized Rental Agreement (for registered office) with supporting utility bills
Section 8 companies generally do not pay taxes as they work for public welfare. However, they must obtain certifications like Section 12A and 80G from the Income Tax Authorities to claim tax exemptions. Without these, they are liable to pay taxes like any other legal entity.
Non-profit organizations operating as Section 8 companies ensure transparency, encouraging public contributions and charitable donations. Mismanagement can lead to donor and government mistrust, making this structured format ideal for credibility.
Section 8 companies create a positive public impression through their organized and transparent operations, attracting more donor contributions to achieve charitable goals. Many of these institutions have gained global recognition.
Well-managed Section 8 companies can receive government grants and subsidies, streamlining their charitable activities and ensuring smooth operations.
