“Starting a nonprofit organization in India can be a rewarding endeavor, but it requires careful planning and adherence to legal requirements. Under Indian law, a nonprofit organization is known as a Section 8 company, which is regulated by the Companies Act, 2013. In this article, we will explore the legal requirements and quantitative terms involved in the process of incorporating a Section 8 company in India. We will provide a step-by-step guide to the incorporation process and discuss the minimum members, minimum directors, minimum capital, and tax benefits associated with a Section 8 company. By the end of this article, you will have a comprehensive understanding of the legal requirements and quantitative terms involved in starting a nonprofit organization in India.” … Continue readingUnderstanding the legal requirements for starting a nonprofit organization