Existing Company to Section 8 Company Conversion
- ✔ Transforms a profit-making entity into a non-profit vehicle while retaining the existing corporate history and brand name.
- ✔ Enables the company to apply for tax exemptions under Sections 12AB and 80G of the Income Tax Act for charitable activities.
- ✔ Improves eligibility for Corporate Social Responsibility (CSR) funds and government grants designated for non-profit organizations.
- ✔ Provides a higher level of trust and legal recognition among international donors and institutional funding agencies.
- ✔ Exempts the company from using the suffix "Limited" or "Private Limited" in its name, allowing for titles like "Foundation" or "Council."
- ✔ Streamlines governance by allowing the company to focus entirely on its social or charitable objects rather than shareholder dividends.
- ✔ Enhances the organization's ability to participate in policy-making and sector-specific advocacy at a national and global level.
- ✔ Retains the limited liability protection for directors and members, ensuring personal assets remain shielded from organizational debts.
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