Unlike the other business structures, Section 8 companies in UP are exempt from stamp duty on their Memorandum of Association (MoA) and Articles of Association (AoA) at the time of registration.
The UP government prioritises Section 8 companies for various state-funded welfare schemes, such as Mission Shakti, the UP Skill Development Mission, and Smart City Projects.
UP is an industrial powerhouse with major hubs in Noida, Greater Noida, Kanpur, and Lucknow.
Under the Uttar Pradesh Startup Policy 2020, social enterprises registered as Section 8 companies can qualify for Sustenance Allowance, Regional Bonus and Seed Capital.
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