Sector 8 Company Register

REGISTER A SECTION 8 COMPANY

in just 8,000/- Keynotes on Section 8 Company Registration

  • It takes 10 to 15 days for Section 8 Company Registration
  • Completely online service - No physical presence required.
  • No Minimum Share Capital required
 
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Online Registration

Section 8 Company

A Section 8 company is a non-profit organization which is similar to a trust or society in India. It is a unique legal entity incorporated under the Companies Act, 2013. The primary objective of company is to promote activities in areas of social welfare, education, art, science, charity, religion and other similar purposes. It is contribute significantly to the development and betterment of society. This type of companies is formed by such entrepreneurs who do not have any profit motive.

Section 8 Company Registration (NGO/NPO)

Section 8 company has the authority to work anywhere in the India and it is registered with Ministry of corporate affairs for NGO or charitable purpose. One Click Business Solutions helps to register a section 8 company in short time with different business set-up. We register all types of companies like private limited, public limited, section 8 etc. We have a team of well-trained professionals to address legal requirements of different businesses. They know how to register section 8 company and help young entrepreneurs to set-up their business. You can get in touch with us to fast procedure of company formation with the help of highly experienced professionals consultants. You may contact us to know more about online section 8 company registration fees and process.

Your Heading

a Section 8 Company?

How to start your section 8 company today at affordable price? Now One Click Business Solutions provide best legal and accounting services. It will take few working days for complete registration and know the all the requirements of it.

  • Reservation of Company Name
  • DSC
  • Central Govt. License
  • AoA & MoA
  • All India Validity
  • NGO Identification Number
  • ROC Fees as per MCA (Ministry of Corporate Affairs)

Alternatively under the Trust Act 1882, an NGO can be registered as a trust or it can also be registered as a society under the Societies Act 1860. Once registration procedure is completed successfully, a Section 8 company can do its operations anywhere in India.

Procedure of

Section 8 Company Registration

It is a non-profit organization involved in the social work for the development of the society and country. Let us know the steps of Section 8 company registration process :

Obtain DSC (Digital Signature Certificate)

The first step is to get DSC for all the proposed directors in a company. DSC is needed to sign the documents electronically. It is offered by the certifying authority. All the forms are submitted must be self-attested.

Required details :

Email ID and Mobile number PAN and Aadhaar

Section 8 companies should include phrases like society, foundation, council, association, club, academy, charities, federation, organization, chamber of commerce, institute, development and others.

After digital signature and name approval, we will draft all the directors’ and shareholders’ declarations sheets for their acceptance, articles of association, memorandum of association and subscription sheet.

Once name approval process is completed, an application should be done to get license from Regional director. Plans and objectives will be reviewed by regional director and a permit will be granted for registration. Generally 15 days is needed by Regional Director for issuing a license to start the operation of a Section 8 company.

Once approval is obtained from the regional director, filing the application of section 8 registrations should be made before ROC with the necessary documents. As soon as all clarifications are offered to ROC, a certificate of incorporation should be issued with a Company Identification Number (CIN).

Once license is obtained, it is suggested to draft the Articles of Association (AoA) and Memorandum of Association (MoA) for filing applications of Section 8 company registration. The purpose of the company will be given in detail in the MoA and the rules. By-laws will be stated in the AoA.

It is suggested to prepare PAN, TAN and Bank Account while opting for registration

Key Points to

Start Section 8 Company

Under the Companies Act 2013, there are a number of considerable benefits to register a NGO or NPO under Section 8. Let us follow them :

Under the Section 8 Company in India, a number of tax advantages are there.

There is no need of any minimum capital for the company registration

This type of company includes a separate legal unit. It reserves an identical legal characterises from the members.

Stamp duty is not imposed on the incorporation of Section 8 Company because it violates the provision of the payment of stamp duty on the AoA and MoA of the private limited company.

If the Section 8 Company is registered under section 80G, the donators get exemption under its provisions.

It includes enhanced credibility compared to any other type of a charitable organization. It follows strict provision of the Companies Act that needs a compulsory audit each year.

Eligibility Condition for

Start Section 8 Company

Following are the eligibility criteria for registration of section 8 company :

  • Two or more individual who will operate as a director or shareholder of the company need to satisfy each and every needs and compliances of the registration.
  • A person or limited company or HUF is suitable to commence a company registration.
  • The objective includes promoting social welfare, sports, education, advancement of art and science and financial help to lower income people.
  • Minimum one of the directors should be a resident of India. Under this section, an organization may be a member of the registered companies.
  • Members, founders and directors of the organization cannot get any salary in the form of cash or other kind.
  • The main goal of the Section 8 Company should be achieved by using the surplus created.
  • The company must have project plan and clear objectives for upcoming 3 years.
  • Profit cannot be disbursed among the director and members of the organization directly or indirectly.

Advantages of

Section 8 Company

  • There is no need of minimum capital
  • Separate legal unit
  • Exemption of tax
  • Best to start NGO or NPO
  • Easy transfer of title or ownership
  • Donations can be taken
  • Stamp duty is exempted
  • Highly credible
  • Use of title