Can I register a Section 8 non-profit company in Cuttack and what are the conditions?
AS Asked by Ashok Yadav from India
Quick Answer
A Section 8 company is registered under the Companies Act, 2013 for charitable objects, with profits applied only to its objects and no dividend to members.
Detailed Legal Analysis
A Section 8 company is registered under the Companies Act, 2013 for charitable objects, with profits applied only to its objects and no dividend to members. You must file Form INC-12 with the RoC in Cuttack after obtaining a license under Section 8(1).
Disputes can be referred to the NCLT with appeals to the Orissa High Court under Section 422. Such entities in Odisha also need to register under Odisha Rent Control Act 1962 if they operate commercial premises governed by the Odisha Shops and Establishments Act.
Tax exemptions under Sections 12A and 80G of the Income Tax Act must be obtained separately. The license can be revoked if objects are violated, so compliance is critical.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.