How to Name your Section 8 Company - Rules and Format

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How to Name your Section 8 Company- Rules and Format

Naming your Section 8 company is crucial for establishing recognition among others. Whether it’s a Section 8, Private Limited, or Public Limited company, assigning a name is fundamental.

The primary objective of initiating a Section 8 company is to advance the well-being of others and empower disadvantaged sections of society to contribute to the nation’s improvement.

Major Section 8 companies typically engage in areas such as education, health, sanitation, research, science, commerce, art, culture, and overall societal development.

How to Name a Section 8 Company

How to Name a Section 8 Company

These companies usually work for social development with the help of their founding members and volunteers from across the nation and from a diversity of cultures.

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

Section 8 Company Name

A non-profit organization (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 that 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

Reserve Name for a Section 8 Company

Adhering to the naming rules and guidelines established by the Ministry is crucial when naming a Section 8 company. The Ministry of Corporate Affairs, Government of India, dictates the naming conventions for Section 8 companies under the Companies Act of 2013. Utilizing keywords and terms specified by the Ministry, you can create a name for your Section 8 Company.

As a Section 8 Company falls under the governance of the Ministry of Corporate Affairs, all naming procedures and conventions are outlined by the Ministry. Feel free to contact us for assistance in reserving a name for your Section 8 Company. We will conduct thorough research and provide information on the name reservation process.

Please note that when naming a Section 8 Company, it is essential to ensure that the proposed name does not resemble that of any other company. Additionally, it should align with the naming conventions and standards established by the Ministry of Corporate Affairs, Government of India. Utilize our user-friendly name search tool to verify the availability of your chosen name for the Section 8 Company.

Section 8 Company Naming Conventions

Section 8 Company Naming Conventions

It is very important to adhere to the rules and regulations as led by the Ministry of Corporate Affairs regarding the naming of a Section 8 Company in India. There are some of the keywords that the company can use as prefixes or suffixes 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.

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 a profit?

Yes, a Section 8 company can make profits just like any other company, but its main objective is to work for the welfare of 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 get help from the experts of Auriga Accounting to do the name reservation for you.

 
 
 
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