Similar to other corporate structures, members of a Section 8 Company enjoy limited liability, where their personal assets are protected from the company's debts and liabilities.
A Section 8 Company enjoys perpetual succession, meaning it continues to exist irrespective of changes in its membership, such as the death or retirement of its members. This ensures continuity in pursuing its charitable objectives.
Section 8 Companies are eligible for various tax exemptions under the Income Tax Act, such as exemption from income tax on surplus income applied for promoting its objectives, exemption from capital gains tax, and exemption from dividend distribution tax.
A Section 8 Company is established for promoting charitable activities, art, science, education, sports, or other socially beneficial objectives. It operates on a non-profit basis, meaning its primary goal is social welfare rather than profit generation.
Directors and Shareholders PAN Card Details.
Directors and Shareholders Aadhaar Card Details.
The most recent property tax bill or utility bill (electricity, phone, gas, and water) for the registered office address.
The most recent passport-size photos of each director and shareholder.
Directors and Shareholders Mobile Numbers.
Directors and Shareholders Email Address.
* Note : Documents may change as per the requirements.
