How to Name a Section 8 Company- Format & Name Suggestions
Giving a name to your Section 8 company makes it easy to be recognised by others. It is very important to give a name to your company whether it is a section 8, Private limited or a public limited company.
The main purpose of starting a Section 8 company is to promote the welfare of others and uplift weaker sections in the society for the betterment of the nation. All the major section 8 companies operate in the domains like education, health and sanitation, research, science, commerce, art & culture, and improving the status of all the sections in the society.
Table of Content
- How to Name a Section 8 company
- Name a section 8 company
- Reserve a name for Section 8 company
- Section 8 Company Naming conventions
- Conclusion
- FAQs
How to Name a Section 8 Company
These companies usually work for social development with the help of its founding members and volunteers from across the nation and from the diversity of culture.
In this article, we will see how to name a Section 8 company by following all the important rules and conventions laid down by the naming conventions which we will be discussing further.
Section 8 Company Name
A Non-Profitable Organisation(NGO) comes under Section 8 of the Companies Act, 2013 and all the rules and regulations that are mentioned in this part are governed and administered by the Ministry of Corporate Affairs(MCA).
The ministry of Corporate has mentioned some of the naming conventions which the members of the company must keep in mind while naming a Section 8 Company. You can find all the naming conventions in the later part of this article.
A Section 8 company can have terms like Foundation, forum, association,council etc.
Reserve Name for a Section 8 Company
It is very important to keep in mind all the naming rules and conventions led down by the ministry while naming a Section 8 company. You can use various keywords and words as described by the Ministry of corporate Affairs in naming a Section 8 Company.
A Section 8 Company is governed by the Ministry of Corporate Affairs, GOI, so all the naming conventions and name reservation method and procedure is given by the ministry under the Company Act, 2013. You can call us to reserve a name for your Section 8 Company and we will do a comprehensive research and will let you know about the name reservation for your Section 8 Company.
Note: While naming a Section 8 Company, you must keep in mind that the name must not resemble that of any other company and it should also be given as per the naming conventions and standards as set by the Ministry of Corporate Affairs, Government of India. You can use our simple name search tool to check for the availability of the name of your Section 8 Company.
Section 8 Company Naming Conventions
It is very important to adhere to the rules and regulations as led by the Ministry of Corporate Affairs about the naming of a Section 8 Company in India. There are some of the keywords that the company can use as prefix or suffix while naming their company whereas some of the keywords are restricted to be used while naming a Section 8 Company which is shared below.
A Section 8 Company name can have terms like:
- Foundation
- Forum
- Association
- Federation
- Council
- Confederation
- Chamber etc.
A Section 8 Company cannot include terms like:
- Private limited( Pvt Ltd)
- Public Limited
- Limited
Conclusion
A Section 8 Company is registered for the welfare purposes and for the upliftment of different sections of society, so they also enjoy immunity from various annual compliances and taxes. If you need any help feel free to contact our Team for the same and we will help you register a name for your Section 8 Company.
FAQs on Naming a Section 8 Company
Q1. What names can be used for Section 8 companies?
A Section 8 Company shall include words like Foundation, forum, association, federation, chamber, confederation, Council, electoral trust etc.
Q2. Can a Section 8 company make profit?
Yes, a Section 8 company can make profits just like any other company, but their main objective is to work for the welfare of the society at large.
Q3. Is a Section 8 Company liable to pay taxes?
Yes, if a Section 8 company is making profits then it is liable to pay taxes as per the prevailing tax bracket. However if the company is registered under Section 12AA of the Income Tax Act, then it is not liable to pay any tax on the profits.
Q4. How to reserve a name for Section 8 companies?. The name for the Section 8 companies can be reserved on the RUN portal by the Ministry of Corporate Affairs or you can take help from the experts of Professional Utilities to do the name reservation for you.