Section 8 Companies to Submit Project-wise Financial Statements In a landmark regulatory development, the Ministry of Corporate Affairs (MCA) has directed all eligible Section 8 companies to submit project-wise financial statements as part of their annual compliance...

Quarterly Reporting Mandatory for High-Value Section 8 Companies In a move to tighten financial oversight and ensure continuous transparency, the Ministry of Corporate Affairs (MCA) has mandated quarterly reporting for high-value Section 8 companies. This new...

One Person Can No Longer Incorporate Section 8 Alone In a significant regulatory update, the Ministry of Corporate Affairs (MCA) has clarified that the incorporation of a Section 8 company can no longer be undertaken by a single individual. The new directive mandates...

Government Expands Scope of Section 8 Activities under CSR In a progressive move to boost corporate engagement in nation-building, the Government of India has officially expanded the scope of permissible activities for Section 8 companies under the Corporate Social...

GST Helpdesks Open for Section 8 Registrants In a bid to simplify tax compliance for the non-profit sector, the Government of India has launched dedicated GST helpdesks exclusively for Section 8 companies. These helpdesks aim to provide targeted assistance on Goods...

Section 8 License Cancellation Policy Made Stricter In a move to tighten regulatory control over the non-profit sector, the Ministry of Corporate Affairs (MCA) has revised and significantly toughened the policy governing the cancellation of Section 8 company licenses....

RoC to Publish List of Defaulting Section 8 Companies In a decisive step to promote transparency and compliance, the Registrar of Companies (RoC), under the Ministry of Corporate Affairs (MCA), has announced plans to publicly release a comprehensive list of Section 8...

 In a significant technological upgrade aimed at enhancing transparency and efficiency, the Ministry of Corporate Affairs (MCA) has integrated the CSR portal with the registration status of Section 8 companies. This move allows companies and the public to verify,...

Government Urges Section 8 Entities to Update Beneficiary Data In a renewed push for accountability and data-driven governance, the Government of India has urged all Section 8 companies to regularly update and disclose their beneficiary data through the official...

New Audit Norms Introduced for Section 8 Companies In a move to strengthen financial governance and ensure greater accountability, the Ministry of Corporate Affairs (MCA) has introduced new audit norms specifically for Section 8 companies. These changes aim to enhance...