Section 8 Company
Registration
Section 8 company helps you setup an NGO/NPO to help people. It aims to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object, provided the profits if any or other income is applied.
Get registered with us Online. Price starting from INR 22499/- only.
REQUEST A CALL BACK
[wpforms id=”419″]
What is Section 8 Company ?
All you need to know about Section 8 Company
An NGO/NPO can be registered as a Section 8 company under the Companies Act 2013 or as a trust under the Trust Act 1882 or as a society under the Societies Act 1860.Section 8 Company Registration is the process of incorporation of an NGO/NPO under the Companies Act 2013.
A section 8 Company can be registered for promoting Art, Science, Commerce, Technology, Sports, Education, Social Research, Social Welfare, Religion, Charity and Protection of Environment etc. A Section 8 Company can work anywhere in India after successful completion of the registration process.
It means that the Company can earn profits but the promoters cannot be benefited out of those profits.The income of the Company must be used to promote only charitable objects and cannot pay any dividend to the members of the company.
Section 8 company is a non profit organisation that is why they are exempted from some provisions of the income tax. They avail the benefits under section 80 G of the Income Tax Act, 1961. They are also required to pay less stamp duty as compared to other organizations.
Flexible plans with no surprises
STARTER
₹ 22499/-
(All Inclusive)
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- Company Name Reservation
- Corporate Identification Number (CIN)
- Section 8 License
- MOA & AOA
- PAN & TAN
PREMIUM
₹ 31499/-
(All Inclusive)
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- Company Name Reservation
- Corporate Identification Number (CIN)
- Section 8 License
- MOA & AOA
- PAN & TAN
- GST Registration
- Trademark Application (1 application 1 class) (start ups, proprietorship & small business)
- Bank Account Opening Kit
Add to Cart
Popular
ADVANCED
₹ 44499/-
(All Inclusive)
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- Company Name Reservation
- Corporate Identification Number (CIN)
- Section 8 License
- MOA & AOA
- PAN & TAN
- GST Registration
- Trademark Application (1 application 1 class) (start ups, proprietorship & small business)
- Bank Account Opening Kit
- 2 Share Certficate
- 1st Income Tax filing upto turnover of Rs. 1 Crore
- 1st Annual filing upto turnover of Rs. 1 Crore
- Company Seal
- 100 Letterhead
- 100 visiting card for 2 Director
Benefits of Registering a Section 8 Company
No Minimum Capital
There is no minimum capital requirement for a Section 8 Company Registration in India.
Benefit of Tax
There are numerous tax benefits under the Section 8 Company Registration in India.
No Stamp Duty
No stamp duty is imposed on the incorporation of Section 8 Company in India as it is against the provision of the payment of stamp duty on the MoA and AoA of the private limited company.
Separate Legal Identity
Section 8 Company registration has a separate legal entity. It acquires a distinct legal identity from its members.
Credibility
Section 8 Company has more credibility than any other form of a charitable organisation. It is under the strict provision of the Companies Act which requires a mandatory audit every year.
Exemption to Donators
Under Section 80G, the exemption is granted to the donators if the section 8 company is registered under section 80G.
Documents Required For Section 8 Company
In case of Indian national Director or Member (Self-attested)
♦ Photograph of all the Directors
♦ PAN Card of all the Directors
♦ ID Proof of all the Directors (Driving License/Passport/Voter ID/Aadhar Card)
♦ Electricity Bill, or any other utility bill for the address proof of the Registered Office
♦ Copy of bank statement
♦ Email ID and mobile number
♦ Rent agreement on the name of the company (No Objection Letter (NOC) from the landlord with his/her consent to use the office as a registered office of a company must be submitted)
In case the applicant is a foreign national (Self-attested)
♦ Passport (Apostille and Notarized)
♦ Residential proof (Apostille and Notarized)
♦ Email ID and mobile number
♦ Attested copy of VISA (If the applicant is out of the native country).
♦ Attested copy of Resident Permit certificate (If the applicant is in India)
♦ Rent agreement on the name of the company (No Objection Letter (NOC) from the landlord with his/her consent to use the office as a registered office of a company must be submitted)
Fill Simple Checklist
A Compliance Manager will get in touch with you to obtain your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for processing. Our expert team will verify documents and proceed with registration formalities. All throughout the process, your dedicated Compliance Manager will keep you updated on the progress of Company Registration.
Name Approval
Once you submit your documents along with Checklist, we will proceed with the application of your Digital Signature and subsequently name approval. You may give up to three names of your choice. Names should be unique and suggestive of Company’s business. We will proceed with name approval through a form called “RUN” as prescribed by MCA. Name approval is received usually 1-2 days.
Company Registration
Once a name is approved, we will draft MOA (Memorandum of association) and AOA (Articles of association). We will file incorporation documents with MCA through a form called “SPICe” along with subscription statement. Usually, MCA approves the forms within 2-3 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.
FAQs On Section 8 Company
What is the the purpose of the Section 8 Company Registration in India?
Following are the purpose of the Section 8 Company Registration in India
1. Education
2. Poverty
3. Disease
4. Blood bank
5. Environment protection
6. Other objects for general public utility.
Central Government permission is required to register Section 8 company or not?
Yes, we have to take the permission or approval for section 8 company registration in India from the central government. Central Government approval is necessary before section 8 company registration.
What is the meaning of Non-profit making Company?
A Non-profit making Company is a Company which: (a) has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object; (b) intends to apply its profits, if any, or other income in promoting its objects; and (c) intends to prohibit the payment of any dividend to its members.
Is there a license for existing companies under Section 8?
There is also a provision for conversion of existing Companies into a Non-profit making company under section 8 read with Rule 20 of Companies (Incorporation) Rules, 2014. Likewise a Non-profit making company can also be converted into any other Company by following the procedure given in Rule 21 and 22 of Companies (Incorporation) Rules, 2014. We shall discuss these procedures in some other article.
What is Revocation of Licence by Central Government?
As per section 8(6), the Central Government may, by order, after giving the company a reasonable opportunity of being heard, revoke the licence granted to a company registered under this section if the company contravenes any of the requirements of this section or any of the conditions subject to which a licence is issued or the affairs of the company are conducted fraudulently or in a manner violative of the objects of the company or prejudicial to public interest,and direct the company to convert its status and change its name to add the word “Limited” or the words “Private Limited”, as the case may be, to its name and thereupon the Registrar shall, without prejudice to any action that may
What is the penalty for violation of Section 8?
If a company makes any default in complying with any of the requirements laid down in section 8, the company shall, without prejudice to any other action under the provisions of this section, be punishable with fine which shall not be less than ten lakh (10,00,000) rupees but which may extend to one crore (1,00,00,000) rupees and the directors and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to three years or with fine which shall not be less than twenty-five (25,000) thousand rupees but which may extend to twenty-five (25,00,000) lakh rupees, or with both
Is it mandatory to have charitable object to register a Section 8 company?
Yes, it is necessary to have a non-profit motive to incorporate a Section 8 company.
How to appoint an auditor in Section 8 Company?
In Section 8 Company, the auditor is appointed within 3o days of Section 8 company registration by the board of Director and no Central Government approval is required.
What are the requirement for Section 8 company to claim tax exemption?
1. Section 12AA under Income tax act
2. Section 80G for Donators of the
3. FCRA Registration