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Section 8 Company Registration

Ideal for companies having charitable & non-profit objectives
Starting at Rs. 14,990/- Rs. 19,990/- onwards
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About Us

Section 8 Company Registration

Many companies have charitable & non-profit objectives unlike making profits through trade & commerce. Such companies are referred to as Section 8 companies and are registered under Section 8 of the Companies Act, 2013.Section 8 companies areregistered with an objective ofpromoting research, social welfare, religion, charity, commerce, art, science, sports, education, and the protection of the environment or any such other object. It is important to note that the profits, if any, or the other income of such companies is applied only for promoting the objects of the company and no dividend is paid to its members.

Few examples of Section 8 companies registered are Federation of Indian Chambers of Commerce and Industry (FICCI) and Confederation of Indian Industries (CII). The objective of these companies is to promote growth of trade and commerce in India.

Process

Process of Section 8 Company Registration

Obtain DIN & DSC

Obtain DIN & DSC

The first step is to obtain DSC & DIN of all the directors. Form DIR-3 needs to be filed to obtain DIN.

Name Approval

Name Approval

Application for name availability must be made in “Reserve Unique Name” or Run facility. The name of Section 8 Company shall include the words Foundation, Forum, Association, Federation, Chambers, Confederation, Council or Electoral Trust. Maximum two names can be proposed initially and one resubmission is allowed in RUN facility.

Application for License & COI

Application for License & COI

Application for License will be made along with MOA which must be in form INC-13 while there is no format prescribed for AOA. After that Certificate of incorporation (COI) has to be applied for.

Filing of SPICe Form

Filing of SPICe Form

After receiving Central Government approval i.e approval of form INC-12, we go ahead with filing of form SPICe 32 with the RD-1 license and the name approval certificate & after that section 8 company becomes operative.

Benefits

Advantages of Section 8 company registration

Tax Exemption

Tax Exemption

The donors who are contributing to Section 8 Companies, they can claim the Tax exemption against the donation under section 12AA and 80G of the Income Tax Act.

No Minimum Capital

No Minimum Capital

There is a prescribed limit over section 8 companies for the minimum capital requirement unlike other entities such as public limited.

Credibility

Credibility

A Section 8 Company has more credibility as compared to any other Non-profit organization structure like Trust or Society.

Flexible & Organised

Flexible & Organised

Forming a section 8 company is an easy and organised process. There is no physical presence required at any stage.

Documents

Documents required for Section 8 Company Registration

  • PAN Card of all the proposed directors.
  • Aadhaar Card of all the proposed directors.
  • Address Proof (Bank Statement, Electricity bill, telephone Bill). In case of foreign director, Passport is mandatory.
  • Passport size Photographs of all the proposed directors.
  • Business Address Proof
    • In case the office is an owned place –Electricity Bill/ Water Bill/ Registry Copy 

      In case the office is in a rented property –Rent agreement & NOC

Note - in case of NRI or Foreign National, Documents of director(S) must be notarized or apostilled.
Requirements

Pre requirements for Section 8 Company Registration

  • Minimum Directors -- 2 (Atleast 1 director shall be resident in India)
  • Minimum Shareholders -- 2
Packages

Packages

Basic

Basic

Rs.19,990
Rs.14,990
18% GST will be charged extra

What's included

  • Section 8 Company Registration
  • Digital Signature Certificate (2 Nos.)
  • Certificate of Incorporation
  • AOA/MOA
  • PAN/TAN
  • Expert Consultancy

Frequently asked questions

It takes around 25-30 days to register a Section 8 company with license.

There is no minimum capital requirement for incorporating a Section 8 Company in India. But whatever capital you choose, you must invest the same into company within 2 months.

No, only registration of section 8 company does not result into income tax exemption. As per section 12AA, an application is to be filed to the Income Tax Commissioner along with the necessary documents. If he is satisfied, the tax exemption can be granted to the company.

 

Yes, you can convert it into a private limited by seeking approval from ROC.

No, a promoter of a section 8 company can’t become its paid employee.

It can open any number of branches as there is no specific restriction; however it is advised to open in limited numbers.

Yes, it can form a subsidiary company.