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NGO (Non-Government Organisation) is an organization that works for non-profit/ charitable purposes. The main purpose of establishing a company as a Section 8 company is to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare, sports, research, etc. The profits/incomes of the company if any are applied towards promoting the objectives of the company and are not distributed as dividends to its shareholders.
A minimum of two directors is required if the Section 8 company is to be incorporated as a private limited company, and a minimum of three directors in case of incorporation as a public limited company. The maximum number of members is 200 in case of a private limited company, whereas for a public limited company, there is no such limit.
Also, there is no requirement of minimum paid-up capital in case of a Section 8 company.
NGOs can be registered in India under any of the following laws:
