Register Non Profit Company

WHAT IS NON-PROFIT COMPANY

A non-profit company is a company incorporated for public benefit or other object relating to one or more cultural or social activities, or communal or group interest.

Not for profit organizations are those organizations which are established for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object.

SECTIONS/ REGULATIONS/ RULES/ SCHEDULE APPLICABLE TO NON-PROFIT COMPANY NON-PROFIT COMPANYUNDER COMPANIES ACT, 2013

As per SECTION 8 of Companies Act 2013 ; Where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be registered under this Act as a limited company

the Central Government may, by licence issued in such manner as may be prescribed, and on such conditions as it deems fit, allow that person or association of persons to be registered as a limited company under this section without the addition to its name of the word “Limited”, or as the case may be, the words “Private Limited” , and thereupon the Registrar shall, on application, in the prescribed form, register such person or association of persons as a company under this section.

 

ADVANTAGES OF NON-PROFIT COMPANY

Some of the Advantages of Non-Profit Company are :

KEY CONDITIONS

UTILIZATION OF PROFIT