Section 8 Company Compliance
A Section 8 company in India is a non-profit organization that promotes social welfare under the Companies Act, 2013. Section 8 companies, much like other companies, are subject to compliance requirements. Despite their non-profit nature and dedication to social causes, these organizations must adhere to specific regulatory obligations. This article delves into Section 8 Company Compliance, providing a clear and concise overview of the essential legal responsibilities. Bookmycompliance simplifies Section 8 Company Compliance. Talk to our experts today!
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Section 8 Company Compliance
What is Section 8 Company?
- Event-Based Compliances: These are triggered by specific events or occurrences within the company.
- Time-Based Compliance: These are regular compliances that must be completed periodically, such as annually, half-yearly, or quarterly.
- Specific Criteria-Based Compliance: Certain compliances are required based on specific criteria like the company’s paid-up share capital, turnover, or other conditions.
- Form ADT-1, Appointment of Auditor, must be submitted
- Maintaining account books
- Keeping Statutory Registers
- Financial statement preparation
- Filing income tax returns
Related Business Registrations
In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.
