
Company registered u/s 8 of the Companies Act, 2013 is a not-for profit organization working for social welfare. Trusts receive funds by way of donations from general public and spend the money on social welfare issues like relief to poor, education, health care, sports, etc.
It is similar to the trust but it is not required to get registered with charity commissioner & also not required to file annual accounts with charity commissioner. It can directly apply for registartions u/s 12A & 80G of Income Tax Act immeditely after its formation.
Initial costs of formation of section 8 company is higher than that for a trust but it saves time & costs for registration and compliance with charity commissioner.
Section 8 company has to file it annual audited financials with Registrar of Companies (ROC)

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