Not for profit
At PROBIC, we understand the unique challenges and opportunities that not-for-profit organizations face in their pursuit of positive social change. Our business consultancy services are tailored to provide strategic guidance to entities operating as Section 8 Companies, Societies, and Trusts.
1. Section 8 Company:
- Overview: Section 8 company is a company established for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object, provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. Section 8 Companies are registered under the Companies Act, 2013. A non-profit for charity without profit intentions.
- Advantages: Eligible for foreign contribution, Minimum or no share capital and tax benefits.
- Disadvantages: Profits distribution are not permissible and strict rules for fraud under section 8.
2. Trust:
- Overview: A trusts are legal entities commonly used for various purposes, including charitable, religious, or private trusts. A trust may be created for any lawful purpose.
- Advantages: Asset protection, tax benefits and continuity.
- Disadvantages: Legal Liquidity, Legal formalities and public scrutiny.
Why Choose PROBIC for Your Not-for-Profit Consultancy:
- Expertise in Section 8 Company regulations, cooperative society dynamics, and trust management.
- Tailored solutions to address the specific needs and goals of your not-for-profit organization.
- Proven record of empowering entities to achieve their social objectives with strategic guidance.
Connect with Us:
Ready to enhance the impact of your not-for-profit organization? Our team at PROBIC is here to guide you through the complexities and empower your mission. Let’s collaborate to bring your vision to life. Call us or reach out through our contact to schedule a free consultation. Together, let’s amplify your not-for-profit’s influence and contribute to a better world.