Usually preferred for new age NGO’s
Privacy is low but more credibility.
Usually, Enterprises formed with objectives such as, welfare, charity etc intending to utilize the profits for promoting similar objectives are registered as Section 8 Company.
Registered under the Companies Act, 2013.
Registering Authority: Registrar of Companies (ROC) or Regional Director.
Minimum 2 directors and shareholders required.
Reasonable.
FRCA (Foreign Contribution Regulation Act) registration and transparency in working details highly preferred.