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NIDHI LIMITED COMPANY

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NON FOR PROFIT COMPANY

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FEATURES

  • SEPARATE LEGAL ENTITY

  • NO DIVIDEND

  • PERPETUAL ENTITY

  • NO MINIMUM CAPITAL

  • SPECIAL LICENCE

  • NO SUFFIX IN NAME

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Description

A Non For Profit Company is also known as a Section 8. The objective of the Section 8 Company is the promotion of arts, commerce, charity, education, protection of environment, science, social welfare, sports, research, religion and intends to apply its profits, if any, or other income in promoting its objects. A section 8 Company is a Public Limited Company by nature and is bound by all the rights and obligations that come with such a company. A Section 8 Company cannot distribute dividends to its members and is intended to use its profits solely for the promotion of its objectives. A Section 8 Company is similar to a Trust or Society; expect, a section 8 Company is registered with the Registrar of Companies, Ministry of Corporate Affairs. Whereas, Trusts and Societies are registered under State Government regulations.

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