A Non-profit making Company is a Company which has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object and intends to apply its profits, if any, or other income in promoting its objects. Therefore, Section 8 Company (Non-Profit Making Company) is a company registered for charitable or not-for-profit purposes.
Privileges and exemptions under Companies Act, 2013.
Exemption of Stamp Duty on registration.
Tax deductions to the donors of the Company u/s 80G of the Income Tax Act.