A Company is the most acknowledged and accepted form of Business Structure worldwide. Not only it attracts investors but also encourages the entrepreneurs to represent their business in a form which is common and familiar to all. Further, it provides other benefits too such as that of having a perpetual succession and limited liability. Since a company has a separate legal identity from that of its promoters, it is capable of holding funds and properties and to sue and be sued in its own name. It is also eligible to borrow funds in different forms such as loans, debentures, etc.
Companies with charitable objects are registered under section 8 of the Companies Act, 2013. A person or an association of persons can be registered under this section if:
One of the distinct features of Section 8 Company limited by guarantee is that it can start the business without infusing any capital at the time of incorporation.
15 to 20 working days subject to ROC processing time
₹12,499 (inclusive of GST)