What is a Non-Profit Organization / Non Government Organization?

• A Non-Profit Organization means a trust, company or other association of persons, that is established and incorporated for a public purpose.
• The income and property of such organization are distributive neither to its members nor to office bearers except as reasonable compensation for services rendered.
• In India, NGO includes all kinds of Non Profit Organization i.e. Trust, Society and Section 8 Company.  
•  In a Charitable Trust at least two people are required, there is no limit of maximum members.
• In society, a minimum of seven members are required to be members.
• A non-profit Company can also be registered under section 8 of the Companies Act with the Registrar of Companies.
• Other names for such not-for-profit organizations are “Sangathan”, “Sangh”, “Sangam”. Income tax exemption is available for all non-profit NGOs.

Annual Compliance of NPO / NGO / Section 8 Company

Section 8 Company is registered under the Companies Act, 2013. Hence the Section 8 Company has to comply with the Compliance mentioned in the said act for the companies. It is necessary for the Section 8 Company to follow the compliances prescribed by the Ministry of Corporate Affairs.

Advantages of Section 8 Company Annual Compliance

• Regular Compliance fulfillment provides the Section 8 Company with the better credibility or trustworthiness.
• It also helps Company to raise funds for the causes that the Section 8 Company.
• Also, the regular Annual Return Filing ensures the continuous existence of the organization.
• Being Compliant and adhering to the Annual Compliance needs may protect the company from getting in to all types of legal trouble.
• Also, it helps the Section 8 Company in protecting itself from penalties and punishments.
• The main objective of Section 8 Company is to form trust among its customers, being regular in filing annual return helps the company achieve this objective.

Why Thinkbiz Filings as Service Provider for Your Section 8 Company Annual Filing?

Entire team of Thinkbiz Filings consists of Highly qualified CA, CS, and business administrators. Thinkbiz Filings would be a one stop destination for Company Compliance / ROC Compliance and filing and entire gamut of Professional and advisory services in India. Thinkbiz Filings has also come up with E-Retainer Concept, which is more than just Virtual CFO Services. Our Retainership Packages will absolve you of all worries of taking care of book-keeping, returns filing, advisory, HR, Payroll, Vendor Management and many other legal compliances. You may get in touch with our compliance manager on 09704561215or email info@Thinkbizfilings.com  for for free consultation.