GET YOUR SECTION 8 COMPANY REGISTERED IN 7 DAYS
THE SERVICE INCLUDES
- MCA Name Approval
- Digital Signature of all the directors
- DIN of all the directors
- Company Incorporation
- PAN & TAN of the Company
- Assistance in Bank Account Opening
- Application for GSTIN (Goods and services tax Identification number)
- Employees state Insurance corporation registration
- Employees provident fund organisation registration
- Shops and Establishment Registration
What is Section 8 Company
A Section 8 Company is a type of company registered under Section 8 of the Companies Act, 2013 (previously Section 25 of the Companies Act, 1956). It is formed for promoting charitable objectives and not for profit.
Key Features of a Section 8 Company
- Purpose:
Promotes commerce, art, science, sports, education, research, social welfare, religion, charity, environmental protection, or similar objectives.
No profit motive; profits (if any) must be reinvested into the company’s activities. - License:
Requires a license from the Central Government (through MCA) to be incorporated. - Use of Profits:
Profits cannot be distributed as dividends to members or shareholders. - Name Suffix:
It does not use the words “Private Limited” or “Limited” in its name even though it is registered as a private or public company. - Limited Liability:
Liability of members is limited, like in other companies.
Advantages of a Section 8 Company
- Tax Benefits: May be eligible for income tax exemptions (under Sections 12A, 80G, etc. of the Income Tax Act).
- No Minimum Capital Requirement.
- Exemptions and Privileges under the Companies Act (e.g., less compliance burden).
- Credibility: More credible than other forms of NGOs like Trusts or Societies due to regulatory oversight.
SUITABLE FOR
- Non-Governmental Organizations (NGOs)
- Foundations
- Non-profits engaged in education, healthcare, charity, etc.
- Societies that want a corporate structure and better regulatory credibility
Documents/Details Required for Registration of Section 8 Company
- Unique name for the proposed Company
- Self-attested Aadhar Card of all the Directors
- Self-attested PAN Card of all the Directors
- Latest Photograph of all the Directors
- Self-attested Bank Statement of all the Directors (not older than three months)
- Email Id of all the Directors
- Mobile No. of all the Directors
- Occupation of all the Directors
- Official Email Id of the proposed Company
- Contact No. of the proposed Company
- Utility bill (Telephone Bill / Electricity Bill/ Gas Bill /Water bill/ Mobile Bill not older than Two months) of the registered office address to be signed by the owner of the premises.
- NOC signed by the owner of the property (Format will be shared by us)