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Aiming for promoting objectives like sports, education, research activities? Section 8 Company is for you. Prices Start at INR 13,999/- only.
CA/CS Assisted | 4.8/5 Rating
Aiming for promoting objectives like sports, education, research activities? Section 8 Company is for you. Prices Start at INR 13,999/- only.
CA/CS Assisted | 4.8/5 Rating
An NPO/NGO can be formed for the promotion of any useful object like sports, education, research activities etc. The term No Profit does not mean that the Company cannot generate profit or income, but it essentially means applying the income for further promotion of the object and not for distributing it to the promoters.
A Non-Profit Organization means a trust, company, or other association of persons
Suggested Read: Difference Between NGO and NPO
It means that the Company can earn profits but the promoters cannot be benefited out of those profits.
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