An NPO/NGO can be formed for the promotion of any useful object like sports, education, research activities etc.
An NPO/NGO can be formed for the promotion of any useful object like sports, education, research activities etc. The term No Profit does not mean that the Company cannot generate profit or income, but it essentially means applying the income for further promotion of the object and not for distributing it to the promoters.
It means that the Company can earn profits but the promoters cannot be benefited out of those profits.
Carefortax.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Incorporating a Section 8 Company (Non-Profit Organisation) is easy, seamless, cheapest and quickest with Carefortax.com! Apart from an NPO, Carefortax.com also helps entrepreneurs with Private Limited Company Registration, Public Limited Company Registration, LLP Registration, HUF, One Person Company and Proprietorship Firm Registration easily. You may get in touch with our compliance manager on 09643203209 or email info@carefortax.com for free consultation.