Section 8 Company
Trust Registration
What is a Section 8 Company ?
When a business is registered as a non-profit organization (NPO), meaning that it exists to further the arts, commerce, education, charitable causes, sports, science, research, social welfare, and religion, it is referred to as a “Section 8” firm.
Who is eligible for Section 8 company?
When a business is registered as a non-profit organization (NPO), meaning that it exists to further the arts, commerce, education, charitable causes, sports, science, research, social welfare, and religion, it is referred to as a “Section 8” firm.
Is Section 8 company public or private?
Many businesses run primarily for non-profit and charity purposes. Section 8 Company is the name of the company that was registered under Section 8 of the Companies Act of 2013. Only Private or Public Limited corporations may be registered as Section 8 entities. It is not eligible for one-person company (OPC) registration.
Trust Registration
What is the meaning of trust registration?
A trust may be formally registered in accordance with the Trusts Act of 1882 by registering it. By taking this legal action, the trust is guaranteed recognition and compliance with the law. A trust’s existence as a distinct legal entity is established and granted legal status through registration.
What are the types of trust registration?
They can also be categorized as Private, Public, or Hybrid depending on the ownership and money management of the Trust. Public trusts are established for the welfare of the general public, whereas private trusts are made for the management of personal property.
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