Company Registration Process Prime Minister Narendra Modi has initiated to make India a leading manufacturing hub and for fostering economic growth by the creation of million jobs by developing several programs such as make in India, Digital India, and Skill India. Currently registering any business structure in India is comparatively easier, including company registration as the government has simplified the online registration process through MCA. Software Company can be registered through MCA just like any other form of company provided the entrepreneur has decided which type of company it wishes to register such as private, public, or OPC. The decision relating to the selection of the category of a company depends upon the nature of control, level of compliance, directors and shareholders availability, etc. that vary as per the company. If you are planning to register its Software Company in India, this article has got useful information for you. Legal Requirement t...

An organization incorporated for the promotion of art, science, commerce, research, sports, education, charity, religion, protection of the environment, social welfare, or any similar objective refers to as Section 8 Company . The members of Section 8 Company do not get any dividend or income instead all its profits, or other earnings apply in promoting these objects. These are the limited companies registered under the Companies Act, 2013.  Conditions on obtaining Section 8 Company License  The Government grants an exclusive license to such companies under Section 8 Companies Act. As per the act, the companies must comply with three main conditions which are as follows: The purpose of forming a Section 8 Company must always be a charitable one. Hence, no personal motive can inculcate. The income and profits must be used towards the promotion of the objects. Lastly, the Company must not pay any dividend to its members. Provisio...