Q. What are the disadvantages (cons/demerits) for Section 8 Company?
by Paras Mehra 1.55K
Section 8 company is one of the best forms to register in case you planning to register a NGO. However, it has certain disadvantages which are as follows:
- Section 8 company is difficult to start because it requires Central Government Approval.
- Section 8 compliance cost is high as compared to any other NGO/NPO form.
- Penalty provisions are little harsh under section 8 company.
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