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.