Trust / Society to Section 8 Company Conversion
- ✔ Grants a nationally recognized corporate identity under the Ministry of Corporate Affairs (MCA), significantly improving the organization's professional standing.
- ✔ Ensures a more robust and transparent governance framework, which is highly preferred by institutional donors, CSR wings, and international funding agencies.
- ✔ Provides limited liability protection to the promoters and directors, shielding their personal assets from the organization’s debts and legal liabilities.
- ✔ Allows for easier management of property and contracts, as the Section 8 Company holds all assets in its own corporate name with perpetual succession.
- ✔ Enhances eligibility for government grants, subsidies, and participation in large-scale social welfare projects due to stringent regulatory oversight.
- ✔ Facilitates more efficient ownership or management transitions compared to the restrictive trustee-resignation processes in traditional trusts.
- ✔ Offers specialized tax exemptions under Sections 12A and 80G of the Income Tax Act, similar to trusts but within a more formal legal structure.
- ✔ Provides a higher degree of flexibility in defining the roles and responsibilities of the governing board through customized Articles of Association (AoA).
We Are Recognised On
We Are Recognised On
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