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At Startup Tiger, we understand the powerful impact social enterprises can make on society. That’s why we offer specialized services for entrepreneurs and organizations looking to establish a Section 8 Company in India. This unique corporate structure is designed for entities that aim to promote arts, commerce, science, research, education, sports, charity, social welfare, religion, or any other similar objective. The essence of a Section 8 Company lies in its objective to apply its profits (if any) or other income towards the promotion of these causes, rather than distributing dividends to its members.
Recognition and Credibility: Operating as a Section 8 Company adds a layer of credibility to your enterprise, as it is recognized by the Government of India under the Companies Act, 2013. This can enhance trust among donors, members, and the public.
Tax Benefits: Section 8 Companies are eligible for various tax exemptions, making them an attractive option for non-profit operations. These benefits are crucial for maximizing the impact of your work on your chosen cause.
No Minimum Capital Requirement: Unlike other company formats, there is no minimum capital requirement for starting a Section 8 Company. This feature makes it accessible for entrepreneurs of all scales to initiate their ventures without financial barriers.
Limited Liability: The structure provides the benefit of limited liability to its members, which means that the personal assets of the directors are protected in case the company faces financial loss or legal challenges.
A Section 8 Company is more than just a legal entity; it’s a vehicle for change. With Startup Tiger’s expert guidance and support, you can launch your social enterprise with confidence, knowing that every aspect of your company’s registration and compliance is taken care of. Let’s work together to create a lasting impact on society.
