Charitable trusts can be established in three ways:
- Registering a trust under the Indian Trusts Act (register with the Sub-Registrar’s Office)
- Registering as a society under the State Co-operative Societies Act
- Incorporating a company under the Companies Act, 2013, commonly known as a ‘Section 8’ company.
A Section 8 Company can be registered if it fulfills the following conditions:
- The company’s objective is to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any other similar purpose.
- The company intends to apply its profits, if any, or other income solely for promoting its stated objectives.
- The company intends to prohibit the payment of any dividend to its members.
At KBPS Associates, we provide following services:
- Consultation & Guidance: We offer expert consultation to determine if a Section 8 company suits your requirements.
- End-to-End Registration Process: We assist with name approval, documentation, filing with MCA, and other regulatory compliance.
- Ongoing Support: We offer post-incorporation services such as maintaining compliance, tax filings, and governance guidance.
Get in touch with us today to set up your Section 8 company and begin your charitable mission with the right legal foundation!
