Section-8 Company Registration
Packages Start @ ₹ 7,999/-
In India, a non-profit organization can be registered under the Registrar of societies or as a Non-profit company under the Section 8 Company of the Company Act, 2013. NGO Registration as a Section 8 Company is easy, online and fast. Our packages include DIN, DSC, Name Approval, MOA, AOA and Section 8 Company Registration Certificate with PAN and TAN Numbers.
Register Your section 8 Company @ ₹ 7,999 + Govt Fee
Basic
$ 299
- Two Digital Signature
- DIN For Two Directors
- Name Approval of Company
- Memroandum ofAssociation
- Professional Certification
- Filing of Spice + Form
- Certificateof Incorporation
- Company e-PAN & TAN
Silver
$ 299
- Two Digital Signature
- DIN For Two Directors
- Name Approval of Company
- Memroandum ofAssociation
- Professional Certification
- Filing of Spice + Form
- Certificateof Incorporation
- Company e-PAN & TAN
Gold
$ 299
- Two Digital Signature
- DIN For Two Directors
- Name Approval of Company
- Memroandum ofAssociation
- Professional Certification
- Filing of Spice + Form
- Certificateof Incorporation
- Company e-PAN & TAN
Section 8 Company: An Overview
The primary purpose of registering a company as a Section 8 Company is to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare, sports research, etc. To incorporate a Section 8 Company, a minimum of two directors are required. Also, there is no requirement of minimum paid-up capital in the case of Section 8 Company.
The profits of this company, if there are any, are applied towards 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.
Checklist for section 8 Company Registration in India
Minimum Requirement
A Section 8 Company is a company to be incorporated by the Ministry of Corporate Affairs. Minimum two directors and two members are required to incorporate it. No minimum share capital is required for section 8 company registration.
Charitable object
Section 8 companies are required to be incorporated with non-profit objectives. Any profit earned through a section 8 company will not be distributed among its members. It will either be reinvested in the business or utilized with an objective of furtherance of its main objects, i.e. charitable purpose.
Management Team
Unlike other Trusts which are managed by the Trustees as per a Trust Deed, section 8 Companies are governed by the Board of the Director as per the MoA and AoA of the Section 8 Company.
Regulated Under Companies Act, 2013
Section 8 company also needs to follow the rules and regulation that are prescribed under the Companies Act, 2013. Maintaining Book of accounts, filing of returns as and when required.
Income tax
A company has to follow the provisions of Income Tax Act.
GST Registration
Every person or company who is indulged into providing goods and services whose aggregate turnover crosses Rs.40 lakhs in a year requires GST Registration.
Section 8 Company Registration Procedure
Prepare DSC and file Name Approval
The very first step for Section 8 company registration is to prepare DSC. Apply for Digital Signature Certificate (DSC) as soon as possible. Section 8 companies should contain words like Foundation, Society, Association, Council, Club, charities, Academy, organization, Federation, Institute, Chamber of Commerce, Development and many more.
Apply for Section 8 Company registration license from Regional Director, MCA (INC-12)
After Name approval, we will apply for Section 8 company registration license from Regional director. The regional director will review the objectives, plans and will grant a permit for Section 8 Company registration. RD usually takes 15 days to issue a license to operate as a section 8 company.
Filing of Section 8 Incorporation Forms on MCA Portal
After getting approval from the regional director, we will proceed to file the section 8 company registration application with the requisite documents before ROC. Once all clarifications are provided to ROC, the ROC shall issue a Certificate of Incorporation along with a Company Identification Number (CIN).
MOA and AOA file submission
Once you get the License, you need to draft the Memorandum of Association (MOA) and Article of Association (AOA) to file section 8 company registration applications. The Object of the company will be detailed in the MOA and the rules, and the by-laws will be mentioned in the AOA.
PAN, TAN and Bank Account
You must have your PAN, TAN and bank account ready while going for Section- 8 Company registration in India.
Documents required for Incorporation of Section 8 Company
Documentation plays the most significant part of Section 8 company registration. An inadequacy or incorrectness found in the documents might result in a complete rejection of the application for company registered under section 8. The documents that are required to be attached with the application for registration can be categorized into the documents of the directors and shareholders, the documents of the principal place of business, the documents of the company and the legal drafts. The list of documents required for section 8 company registration includes the following:
Following documents are required for Section 8 Company registration:
- PAN Card of the Directors and Shareholders
- Aadhaar Card
- Latest Bank Statement
- Telephone Bill or Electricity Bill
- Voter ID or Passport or Driving license
- Passport size photograph of all the directors and shareholders
- Copy of the Rental agreement, in case the property is on rent for the registered office