SECTION 8 COMPLIANCE

The purpose of forming Section 8 Company is to promote, encourage, and nourish activities related to art, science, sports, commerce, charitable activities, etc. Section 8 Company can be categorized as a Non-Governmental Organization. These companies enjoy the liberty of being treated as ‘Limited Company’, though, word ‘Limited’ is not added at the end of their names. Concisely, Section 8 companies work in the direction of promoting needy communities and sectors in India. These Companies are not liable to give income or dividend to its members.

• Appointment of Auditor

• Maintaining Registers

• Maintenance of Financial Statements

• Preparing Director’s Report

• Income Tax Return Filing

• Conduct Board Meeting

• Conduct Annual General Meeting

• Filing Of Financial Return with ROC