website maker

SECTION 8 COMPANY REGISTRATION

OFFER PRICE

Rs 8200 /- All Taxes Included

Timeline - 10 to 15 Working days

WHAT IS A SECTION 8 COMPANY ?

In India, a non – profit organization often known as NGO can be registered as a Company under Section 8 of the Companies Act, 2013 (erstwhile Section 25 of the Companies Act, 1956) and can also be registered as Trust and as a Society registered under the provisions of Society Registration Act, 1860. Section 8 Company form of a NGO is most popular form of NGO in India. It is easy to register, run or manage a Section 8 Company in comparison of a Trust and a Society.

According to Section 8(1a, 1b, 1c) of the Companies Act, 2013, a Section 8 company can be established for ‘promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object’, provided it ‘intends to apply its profits, if any, or other income in promoting its objects’ and ‘intends to prohibit the payment of any dividend to its members.

ADVANTAGES

Advantages of Sector 8 Company

  • Numerous Tax exemptions are provided to Section 8 Companies, specifically to the donors who are contributing to Section 8 Companies, they can claim the Tax exemption against the donation they made to a Section 8 company.
  • There is no prescribed limit over section 8 companies for the minimum capital requirement unlike other entities such as public limited.
  • A company enjoys perpetual existence unlike other forms of business i.e.,the company continues to exist irrespective of the status of the owner.
  • A Section 8 company is a legal entity and a juristic person established under the Act. TA Section 8 Company also has a perpetual existence.
  • A Section 8 Company has more credibility as compared to any other Non-profit organization structure be it a Trust or Society. As it is a licensed by the central government. It has more stringent regulations such as no change in MOA and AOA can be done at any stage or situation in a Section 8 Company.

DOCUMENTS

What are the Documents required for Formation of Section 8 Company?

  • PAN card and Residence Proof of directors of the company
  • Copy of Rental Agreement / EB Card Copy of Registerd Office
  • Copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • Passport-size photograph
  • Specimen signature (blank document with signature - directors only)
  • Copy of Passport (In case of Foreign Director)

INCLUSIONS  

WHATS INCLUDED IN THIS PACKAGE ?

  • Verification of Documents
  • DSC and DIN for 2 Directors
  • Name approval and ROC fees
  • Drafting MOA & AOA
  • Following until Certificate is allotted
  • Applying PAN & TAN

PROCEDURES

What is the process for Section 8 Company Registration?

Applying DIN&DSC

DSC and DIN for all directors are required.

Name Approval

4-6 proposed names should be provided that should be unique and suggestive of company business.

MOA,AOA&AFFIDAVIT

Memorandum and Articles of Assocication should be drafted. Affidavit and declaration by first subscribers and Directors should be prepared

Company Registered

Once the application is duly filed and accepted by ROC, certificate of incorporation is issued and the company is all set to start it’s operations.

Apply for PAN, TAN and Bank accounts

Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.

FAQ's

ID proof and residence proof of all the proposed directors, PAN card is mandatory for Indian nationals. No objection certificate from the owner of registered office or lease agreement must be produced.

Any person above 18 years can become a director. Non-residents can also become director of Indian companies.

Digital signature is process to authenticate and validate records electronically. DSC is required for every director of the company as the Ministry of Corporate Affairs (MCA) mandates digital signature of directors on some documents.

Authorized capital of a Company is the amount of shares a company can issue to its shareholders. Companies have to pay authorized capital fee to the government so as to be able to issue shares. Companies have to pay authorized capital fee for a minimum of Rs.1 lakh.

Yes, a foreign national can become director of a private limited company. Atleast one director in a company should be resident Indian.

Yes, NRIs / Foreign Nationals / Foreign Companies can hold shares of a Private Limited Company subject to Foreign Direct Investment (FDI) Guidelines.

Yes, a partnership firm can be converted into private limited company by following the procedure laid down in Companies Act 2013.

A private limited company must have a minimum of 2 directors while the maximum no. of directors can be upto 15.

Company’s proposed name should be unique i.e., it should not be identical to any existing name. Names that infringe others’ rights, trademarks or patents are likely to be rejected by ROC

DIN is a unique identification number which is allotted to all the directors existing or proposed. DIN can be obtained by filing e-form DIN1 in MCA portal.

Every private limited company must hold a board meeting atleast once in every three months and an Annual general meeting (AGM) every year.

Yes, Companies Act 2013 provides rules for converting a private limited company into a public limited company.

WHY CHOOSE TPACT.IN ?

Mobirise

10 PLUS YEARS OF EXPERIENCE

Mobirise

BEST OFFERS IN THE INDUSTRY

Mobirise

LOW COST & MORE EFFECIENCY

Mobirise

WE WORK ACROSS THE GLOBE

Mobirise

LESS TURNAROUND TIME

Mobirise

PROFESSIONAL SUPPORT

OFFER PRICE

Rs 8200 /- All Taxes Included

Timeline - 10 to 15 Working days

SIGN UP FOR NEWS UPDATES