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Section 8 Company

Apply for Section 8 Company Online & Get Approved By Central Govt. Of India

Launch Your Section 8 foundation by our Company Registration Experts at Legal Vidur. With the best CAs/CSs Panel to handhold you through the entire process, the Drafting till Completion – all documentation of a Section 8 Incorporation is on us.

Apply for Section 8 company

    Note: Once you are Ready to Setup your Section 8 Firm, you’ll receive Rs 499 adjustment from your selected package from us

    What is Section 8 company?

    Popularly known as Section 8 company is a company registered with charitable objects such as the promotion of Arts, commerce, science, education, sports, protection of the environment, religion, charity, etc. By promoting it as a not-for-profit organization, the Act does not bar the company from profit creation but rather prohibits distributing profit among members. This says that all the income or profit from any activity of the company must be utilized towards charitable purpose for which it is registered.

    The charitable company is registered under Section 8 of the Companies Act, 2013, which provides it special status due to its objects. Compared to other types of companies, Section 8 company enjoys various exemptions and relaxations.

    * Once you are Ready to Setup your Dream Company, you’ll receive Rs 399 adjustment from your selected package from us

    Package

    Basic Plan

    Rs. 8999
    • Register your Section 8 company at Ministry of Corporate Affairs
    • Drafting & Filing by CA/CS
    • Expert advice by CA/CS
    • MCA processing and CIN
    • RD license
    • Company PAN & TAN
    • MOA
    • AOA
    • Allotment of 2 DIN
    • Estimated Income & Expenditure Account for the next 3years (mandatory for Sec-8 company registration)
    Pay Now

    Smart Plan

    Rs. 19999
    • Register your Section 8 company at Ministry of Corporate Affairs
    • Drafting & Filing by CA/CS
    • Expert advice by CA/CS
    • MCA processing and CIN
    • RD license
    • Company PAN & TAN
    • MOA
    • AOA
    • Allotment of 2 DIN
    • Estimated Income & Expenditure Account for the next 3years (mandatory for Sec-8 company registration)
    • Financial statements preparation
    • MCA annual return filing and DIR-3 Director KYC
    Pay Now

    Mega Plan

    Rs. 29999
    • Register your Section 8 company at Ministry of Corporate Affairs
    • Drafting & Filing by CA/CS
    • Expert advice by CA/CS
    • MCA processing and CIN
    • RD license
    • Company PAN & TAN
    • MOA
    • AOA
    • Allotment of 2 DIN
    • Estimated Income & Expenditure Account for the next 3years (mandatory for Sec-8 company registration)
    • Financial statements preparation
    • MCA annual return filing and income tax return filing and DIR-3 Director KYC
    Pay Now

    Benefits of incorporation of Section 8 company

    Tax and compliance exemptions

    With its registration under Section 8 of Companies Act, it obtains a special status – distinct from other entities. Not only the company enjoys tax exemptions, but also the donors can claim an exemption for the donation made (under Income Tax). Apart from tax exemption, the company is also exempted from the applicability of many compliance-related provisions.

    Separate legal identity

    Being registered as a company, it obtains a separate identity apart from its members. Therefore, it can own and hold the assets and liabilities in its own name irrespective of the connection with the members. The change in members or the directors neither affects its existence or the assets & liabilities or rights & obligations.

    Limited Liability

    A company registered under Section 8 ensures limited liability to its members. The liability of the members is limited only to the extent of the capital subscribed and unpaid. The losses and obligations do not create a charge over the personal properties of members or directors. This helps the promoters to freely run the non-profit organisations.

    No corporate title

    Although the company enjoys the benefit of the corporate entity, it is not labelled as the corporate entity. The company does not need to add the suffix “Private Limited” or “Limited” after its name. This exemption is provided so that third parties offer their attention to the company’s purpose and not its status assuming it is profit making organisation.

    Documents required for Section 8 Company

    • Photograph
      Latest Passport size photograph of Shareholders and Directors
    • Identity Proof
      Voter ID/ Passport/ Driving License of Shareholders and Directors
    • Business Address Proof
      Electricity Bill/ Telephone Bill of the registered office address in India
    • Rent Agreement
      Rent Agreement of the registered office should be provided, if any
    • PAN Card
      PAN Card of shareholders and Directors.
      Foreign nationals must provide a valid passport.
    • Address Proof
      Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors
    • NOC from owner
      No Objection Certificate to be obtained from the owner(s) of registered office
    • Statement of Income & Expenditure
      Estimated Statement of Income & Expenditure for next three years

    STILL CONFUSED?

    TAKE FREE ADVISOR CONSULTATION

      How we work?

      1

      Fill our Registration Form & Make the Payment

      2

      Share the required Documents after CAs Consultation

      3

      Our Experts will start Drafting the Requirements

      4

      Once DIN & DSC is registered we proceed for Business Name Approval Process

      5

      Once Approved, your Section-8 Company is Registered.

      Formulation of Section 8 Company Name

      Unique Name

      Mainly it builds the company brand and preferably be a coined word

      Business Object

      Second part of name should suggest the business activity of the company

      Suffix

      Its name must include suffix like Foundation, Forum, Federation, Chambers, Association, Council, etc.

      Constitution Type

      The name does not require to add any suffix like “Private Limited” or “Limited”

      Register a company in 3 easy steps

      •   Fill in our questionnaires that take less than 10 minutes
      •   Provide basic details & documents required for registration
      •   Make payment through secured payment gateways

      •   Assigned Relationship Manager
      •   Procurement of Digital Signatures (DSC)
      •   Application for Name Reservation
      •   Documents drafting including MOA and  AOA
      •   Application to grant license u/s 8
      •   Certificate of Incorporation

      • All it takes is 25 working days*

      Section 8 company registration procedure

      1

      Day 1

      • Application for Digital Signature Certificate

      2

      Day 2 - 4

      • Checking Name availability
      • Application for Name Reservation under “RUN“
      • Reservation of Name

      3

      Day 5 - 8

      • Drafting of MoA, AoA & other required documents
      • Payment of Stamp Duty
      • Notarization of required documents

      4

      Day 9 - 13

      • Application to grant a license in form INC-12
      • Government processing time for approval
      • License under section 8 in form INC-16

      5

      Day 14 - 16

      • Filing application for company registration
      • Application for DIN Allotment
      • Application for PAN and TAN of company

      6

      Day 17 - 19

      • Government processing time
      • Certificate of Incorporation

      Frequently Asked Questions (FAQs)

      What are the minimum requirements to register a charitable company in India?
      To register such company, the promoters have to ensure the following:
      1) The main object of the company must be to operate for a charitable purpose and among those prescribed in law
      2) Minimum 2 members of the company, who shall subscribe to capital on incorporations
      3) Minimum 2 directors in the company, one of which must be Indian citizen and resident
      4) The registered office of the company must be situated in India
      What is the minimum capital required?
      There is no minimum amount of capital prescribed for the charitable company. The promoters may introduce the amount sufficient to start and run business.
      How to reserve the name of company?
      The name of the company should be formulated as per the naming guidelines. The application for reservation of name is made in web-form called “RUN” with a maximum of 2 unique names. The registrar may ask to re-submit the application with a different name if the names do not fulfill the requirements.
      How to obtain approval of Central Government for non-profit company registration?
      The promoters shall apply in e-form INC-12 for said approval from Central Government. The form is accompanied with MoA – AoA of the company, declarations from promoters, estimated statement of income & expenditure for next three years, etc. If the application is approved, the approval letter is issued in form INC-16.
      Whether physical presence of the promoters is required while registration?
      No. The registration process is completely online, the physical presence of the promoters is not required. All the documents and details can be transmitted through the mail or uploaded on our portal.
      Can NRIs/Foreign Nationals be a Director in a Section 8 company?
      Yes, an NRI or Foreign National can be a Director in a Section 8 Company after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be an Indian citizen and a resident.
      Whether Section 8 company and NGO registrations are same?
      The Section 8 company is popularly known as NGO. However, NGOs can be registered as other business structure like trust, society, etc.
      Can section 8 or Charitable company declare dividends?
      A Section 8 or Charitable Company shall not pay any dividend to its members, but apply the surplus of receipts over payments for the promotion of its objectives.
      What is the validity of the registration of Section 8 company?
      Once the company is incorporated, it is in existence and active as long as the annual compliances are met with regularly or it is wound-up voluntarily.
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