Existing Section 8 Company to Private Limited Company Conversion
- ✔ Allows the company to distribute profits and dividends to its shareholders, which is strictly prohibited under a Section 8 structure.
- ✔ Provides the flexibility to diversify business activities into commercial and profit-making ventures beyond charitable objects.
- ✔ Facilitates easier equity funding and capital infusion from investors who seek financial returns and exit strategies.
- ✔ Enables the company to participate in commercial contracts and joint ventures that are not aligned with non-profit mandates.
- ✔ Removes the stringent regulatory oversight of the Regional Director and the specific restrictive conditions of the Section 8 license.
- ✔ Simplifies the process of winding up or dissolving the entity compared to the rigorous asset-distribution rules of a Section 8 company.
- ✔ Allows directors and key managerial personnel to receive market-standard remuneration and performance-based incentives.
- ✔ Grants the freedom to dispose of assets or reinvest capital in high-growth commercial opportunities without prior government approval.
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