Section 8 company

Good question! Here’s a quick rundown about Section 8 companies and NITI Aayog’s NGO Darpan portalregistration:

What is Section 8 Company?

• Section 8 companies are not-for-profit companies registered under the Companies Act, 2013.

• They are formed for promoting commerce, arts, science, charity, or other socially beneficial objectives without profit motives.

Is a Section 8 company run by Central Government?

• Usually, Section 8 companies are independent legal entities, even if set up by government or government bodies.

• However, if it’s a company directly owned and controlled by the Central Government, it may be treated differently.

NITI Aayog NGO Darpan Registration:

• NGO Darpan portal is mainly for NGOs, trusts, societies, and Section 8 companies to register to avail government grants and for transparency.

• The portal registration is mandatory for NGOs receiving government grants and highly recommended for transparency and networking.

• It covers NGOs, societies, trusts, and Section 8 companies irrespective of whether they are government-run or not.

For Section 8 Company run by Central Government:

• If the company is directly owned or controlled by Central Government, it may not be required to register on NGO Darpan since it’s a government entity already under government oversight.

• But if the Section 8 company operates like an NGO or receives grants/funds from government or public and is not a direct government department, registration on NGO Darpan is advisable or required.

• Many government-aided or government-promoted Section 8 companies do register to get access to various government schemes and grants.

Summary:

Suggestion:
Check if your Section 8 company receives grants or participates in government schemes. If yes, better to register on NGO Darpan to avoid any compliance issues.

Yes, even if a Section 8 company is run by the central government, it is generally required to register on NITI Aayog’s DARPAN portal if it intends to access government grants, schemes, or CSR funding.

Key Points:

1. DARPAN Registration is primarily for NGOs, Section 8 companies, and charitable trusts to standardize and track funding.

2. Government-run Section 8 companies may still need registration to receive central grants or CSR contributions.

3. Registration involves providing basic company details, PAN, bank account info, and relevant documents on the DARPAN portal.

Conclusion:
Even centrally managed Section 8 companies benefit from DARPAN registration for transparency, fund tracking, and ease of participation in government programs.