Section 8 Company Registration
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Overview
As per the Companies Act, 2013, Section 8 Company refers to a corporation that aims to incentivize arts, sciences, sports, education, environment preservation, social welfare, charity, or other similar objectives.
The ultimate objection of registering Section 8 Company is to incentivize non-profit goals such as trade, arts, commerce, education, charity, environment protection, sports research, social welfare, etc. To register a Section 8 entity, at least two directors are required. Also, there is no compulsion of securing minimum paid-up capital to set up such a company.
How it works
Register
Fill all the required information requested in the registration form.
Expect a call from us
Once we receive quote request, our experts will get in touch with you immediately.
Service Delivery
After the discussion and submission of required documents, service will delivered. Time of delivery may differ based on the service.
Benefits
Tax Exemption
No minimum capital requirement
No need for paying stamp duty
Separate Legal entity
Increased Credibility
No title required
Documents Required
PAN card and aadhar copy of all the Directors and Shareholders.
Proof of registered office, Updated gas or electricity bill or Property tax receipt
Passport copy or Bank statementof the Directors and Shareholders of the Company
Copy of rental agreement and no objection certificate from the owner of the property
Specimen signature or impression
Photo ID proof of directors, Voter ID or Passport or License
Passport size photograph
Objectives of the company
Assets Liability Statement and the projection for next five years
Minimum Criteria to be met
Minimum 2 Shareholders required for Private Limited NGO
Minimum 7 Shareholders required for Public Limited NGO
Director Identification number (DIN) for all the directors
Minimum 2 Directors
Digital Signature Certificate (DSC) for the promoters
What you will get
DIN for 2 Directors
AOA and MOA
Bank Account opening support
Payment Gateway Integration Support
Incorporation Certificate
ESI and PF Registration
Company PAN Card
Company TAN/TDS Number
GST Registration* (Auto Approval from ROC)
Frequently Asked Questions
In Feb 2020, MCA, i.e. Ministry of Corporate Affairs, came up with an e-form, vizSPICeform, that aims to simplify the incorporation process significantly. This Form has overcome the intricacy of the erstwhile incorporation process that also entails massive paperwork.
Section 2 (85) proviso (B) clearly states that the Section-8 company cannot be treated as a small company.
Companies Act, 2013 allows the LLP or a Partnership firm to be a member of a Section 8 Company
An NGO intending to serve a charitable purpose in India could be registered under society, trust, and section 8 company. A charitable purpose is defined u/s 2 (15) of the IT Act
The cost factor involved in trusts is considerably minimal when contrasted with entity u/s 8 of the company Act. Section 8 companies have limited access to government-driven subsidies
The tax obligations addressed by the section 8 company is more or less similar to the other registered organization (except NGOs). The profit is subjected to the tax slab rate of 30 %. If section 8 company is registered u/s 12AA of the IT Act, then its profits shall remain isolated from taxes
Companies Act, 2013 mandates section 8 companies to produce director reports and share them with assigned authority
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