Top 10 Section 8 Companies in India - Updated List

There are different types of companies in India which are categorised as Section 8 Company, Private Limited company, Limited Liability company, Public Limited company, and so on. In this article we will discuss the List of Top 10 Section 8 Companies in India 2023.

The main purpose of all the companies is profit making and business expansion, but there are some types of companies like a Section 8 company which can be registered as an NGO. The main objective of section 8 companies in India is not to generate profits but to help and promote the welfare of others in different sectors like education, science, technology, art, culture, etc. There are many section 8 companies in India which are working for the welfare of the Nation by uplifting the underdeveloped portion of the society. We will be sharing a list of top 10 section 8 companies in India 2023 later in this article.

Table Of Content

Definition of Section 8 Company

A section 8 company in India comes under the jurisdiction of the Ministry of Corporate Affairs through the Companies Act, 2013, which states that a Section 8 company is registered in India with the aim of providing benefits to the society by engaging in the promotional activities in the fields of Research, education, human resource development, nutritional benefits, etc.

These companies should not aim at generating profits through any means, but if they are into some manufacturing industry and making some profits then those profits must be utilised in the business only, it can not be shared among the members or the shareholder of a section 8 company.

List of Top 10 Section 8 Companies in India

The list of Top 10 Section 8 Companies in India are:

Bill and Melinda Gates Foundation, India:

Bill and Melinda Gates Foundation India is the Indian wing of the global Gates Foundation founded by Bill Gates and his wife Melinda Gates. It takes up the cause of performing those works which are enhancing health globally, poverty reduction, increasing educational setup, improvement of maternal and child health, productivity enhancement in agriculture, sanitation, and hygiene programs.

Oxfam India:

Oxfam India is a non-profit organization fighting poverty and inequality in India. It works on economic inequality, gender justice, and humanitarian help. Oxfam India also advocates for sustainable development and pressures policy changes.

Smile Foundation:

Smile Foundation is a non-profit organization that works for underprivileged children and youth by providing education, health, and livelihood opportunities. It also works on disaster response and relief in every part of India.

Oxfam India:

Oxfam India is a nonprofit organization that fights poverty and inequality in India. It works on economic inequality, gender justice, and humanitarian help. Oxfam India also promotes sustainable development and pushes for policy changes.

Smile Foundation:

Child Rights and You (CRY):

CRY is a nonprofit organization that works for the rights of underprivileged children in India. It addresses several issues related to child labor, child marriage, and child abuse. CRY supports community-based development initiatives for creating and ensuring a child-friendly environment.

Aga Khan Foundation India:

Aga Khan Foundation India is a non-profit organization working towards bringing improvement in the lives of the poor and the underprivileged in India. Its areas of operation include education, health, livelihood, and heritage conservation; even disaster response and recovery fall within its ambit.

GiveIndia Foundation:

GiveIndia Foundation is an NPO, or non-profit organization, that practices philanthropy and helps Indians donate to authentic NGOs for education, healthcare, livelihood, and more.

Pratham Education Foundation:

Pratham Education Foundation is an NPO working to uplift the educational standards of children in India. It achieves this by concentrating on assisting children from government schools to learn reading, writing, and elementary arithmetic. Additionally, it provides support for vocational training to help the youth get employment.

HelpAge India:

HelpAge India is a non-profit organization working towards the betterment of the lives of senior citizens of India. They aim at healthcare, livelihood, and social protection along with policy advocacy for senior citizens.

Features of a Section 8 Company

Key characteristics of a Section 8 company:

Non-Profit Motive

A Section 8 company is formed without the concept of earning profits. If Section 8 companies earn profits, then the profits should not be distributed among members.

Minimum share capital Requirement

A Section 8 company is formed without any requirement for share capital.

Limited Liability

A The liability of the members is limited, meaning that the members are not liable in the event of losses suffered by the company.

Exemptions

Because of their non-profit activities, Section 8 companies have many exemptions with the government.

Section 8 company Registration Online

The online process of registering Section 8 companies is done through the upload of documents on the MCA portal, which is followed by approval. This process requires scrutiny at the level of the ministry and normally takes about 7-10 days. The incorporation charges are about Rs. 4,999, which includes government and professional fees.

Our team at Professional Utilities is here to assist you in registering your Section 8 business in just one application.

Conclusion

We have shared the list of the top 10 Section 8 Companies in India (2023). If you also want to form your own Section 8 company in India, you can contact our team at Professional Utilities. We will assist you in registering your Section 8 company at a minimal cost and will also process all the required paperwork for you.

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