Section 8 Company
Register your Section 8 Company @ Rs. 20000 (Professional Fees)
- Free Consultancy
- Name Search
- Name Reservation
- DSC for 2 Directors/Shareholders
- DIN for 2 Directors
- Drafting of MOA and AOA
- License from RD
- Certification of Incorporation
- PAN and TAN of the company
- Employee State Insurance Code(ESIC)
- Share Certificate
- Printed Copy of MOA and AOA
- TIME: 4 – 12 Days
- Time: 100% Online Process
CONTACT US
SECTION 8 COMPANY
A Section 8 Company is a Non Profit Organization. A company is referred to as Section 8 Company when it registered as a Non-Profit Organization (NPO) i.e. when it has motive of promoting arts, commerce, education, charity, protection of environment, sports, science, research, social welfare, religion and intends to use its profits (if any) or other income for promoting the objectives of the company and not distributed as dividends to its shareholders.
A Section 8 Company is the same as the Section 25 Company under the old Companies Act, 1956. As per the new Companies Act of 2013, Section 25 has now become Section 8.
ADVANTAGES
No Minimum Capital Requirement
Section 8 Companies do not require a minimum paid-up share capital like other companies. Members of the company are only allotted a limited liability. Protection of personal assets in case of any discrepancy by the law is an advantage.
Tax Exemption
Since Section 8 companies are a non-profit organization, so they leverage the exemption from the provision of income tax. The companies also get various other tax benefits and deductions. They employ many perks under section 80G of the Income Tax Act.
No Stamp Duty
A Section 8 company do not have to pay stamp duty on the AoA and MoA of the private or public limited company which other companies surely pays.
Separate Legal Entity
Section 8 company has a distinct legal entity which means the company’s existence is different from its members. The company has a perpetual existence along with greater flexibility.
PROCEDURE
STEP 1
Receive and review documents from client
STEP 5
Submission of documents to the concerned Registrar of Companies
STEP 2
Name selection and name reservation for Proposed Company
STEP 6
Certificate of Incorporation, PAN TAN and ESIC
STEP 3
Apply for digital signature
STEP 7
Printing of MOA and AOA, Share Certificate
STEP 4
Drafting Main Objects of proposed Company along with projected financials of the company.
STEP 8
File commencement of business within 180 days of incorporation
REQUIREMENTS
Individual Identity Proof
Any one of Adhaar Card/Voter Card/Passport/Driving License and
PAN Card(Compulsory of Resident Indian), required for all Directors and Promoters
Individual Address Proof
Any one of the Latest Utility Bill Eg. Electricity Bill/Bank Statement/Mobile Bill/Telephone Bill (Bank Statement address page along with latest entry page or Utility Bill not older than 45 days)
Registered Office Proof
Any one Latest Utility Bill Eg Electricity Bill/Gas Bill/Mobile Bill/Telephone Bill ( Utility Bill should not be older than 45 days)
Passport Size photographs
Your Latest Passport Size Photograph is required
PRICE
BASIC
Rs.20000
Section 8 Company Registration with up to 2 Directors
(Excluding Govt Fees and GST)
₹20,000.00Add to cart
STANDARD
Rs.22000
Section 8 Company Registration with up to 2 Directors +GST Registration
(Excluding Govt Fees and GST)
₹22,000.00Add to cart
PREMIUM
Rs.23000
Section 8 Company Registration with up to 2 Directors +GST Registration + MSME Registration
(Excluding Govt Fees and GST)
₹23,000.00Add to cart
FAQs
1. Who can apply for registration of a Section 8 company?
Any person or Number of associated persons intending to register a limited liability company for objects specified below can opt to apply for Company Registration or Company Formation under Section 8. The following have to be proved to the satisfaction of the Central Government that:
(a) Promotion of commerce, art, science, sports, education, research, and social issues like social welfare, religion, charity, protection of the environment, or any other object is also included.
(b) The company after incorporation intends to apply its profits, if any, or other income in promoting such objects only;
(c) Payment of Dividend to the members should be prohibited by the company.
2. Is it mandatory that the name of Section 8 company shall include words like Foundation, Forum, Association, Federation, etc.?
Yes. As per rule 8(7) of the Companies (Incorporation) Rules, 2014, for the Companies under Section 8 of the Act, the name shall include the foundation of the word, Forum, Association, Federation, and the like, etc.
3. Whether a Foreign Company can be registered under Section 8 company in India?
. Under Section 2(42) of the Companies Act, 2013 the term “Foreign Company” is defined as any company or body corporate incorporated outside India which–
- Has a place in India where the business is conducted, whether bought by itself or through an agent, through physically or through online.
- Is conducting any business activity in India.
4. Can a partnership firm or an Limited Liability Partnership become a member of Section 8 Company?
Yes, under the Companies Act, 2013, a Partnership firm or an LLP can become the member of Section 8 Company. The provisions of respective Acts need to be complied with by the partnership firm or LLP as the case may be.
5. Can a Trust become member of a Section 8 Company?
There is no restriction in the provisions of the Companies Act, 2013 for a registered Trust to become a member of Section 8 Company. In case of unregistered trusts, provisions of section 89 would be applicable.
