Section 8 Company Registration

  • Business Setup
  • Registration Services
  • Section 8 Company Registration

Section 8 Company Process

Step 1
Prepare documentation
Step 2
Fill the application form
Step 3
Submit the
application form
Step 4
Wait for processing
Step 5
Process complete

Categories

Section 8 company registration details in India

Section 8 companies are those non-profit companies in India that are incorporated under Section 8 of the Companies Act 2013. These types of companies are incorporated mainly to promote commerce, the arts, science, sports, education, research, etc. These types of companies are incorporated with the objectives of charity and social welfare. The common examples of Section 8 companies are NGOs, trusts, cooperative societies, and microfinance companies.

Section 8 company registration process:

  • For incorporating any section 8 company, one needs to apply for a Director Identification Number (DIN) and a Digital Signature Certificate (DSC). First, one needs to apply for the DSC. Any MCA-registered office can provide this service.
  • The second step is to propose two names for their Section 8 company. If one is rejected, another resubmission is allowed in a different time frame.
  • The third step is to get a MOA and an AOA. After filling out the forms INC-12 and INC-13, respectively, CA or CS sends INC-14 along with the declaration of directors in the form INC-15. After that, one can get the Certificate of Incorporation.
  • After that, one can apply for the PAN and TAN of the company by submitting INC-7, 8, 9, 10, 22, DIR-2, and 12 along with the relevant documents.

If you feel these processes are hectic and full of trouble, no need to worry; we are here to do all those tough processes on your behalf. Let's talk about what documents are needed to register any Section 8 company. For any Section 8 registration process, the following documents are required :

1. Director's Aadhar Card, PAN Card
2. director's address proof, like their electricity bill, telephone bill, etc.
3. Two passport-size photocopies of directors
4. For registered office address proof, one needs to present a house rent bill, gas bill, electricity bill, etc. If the place is owned by the director himself, in that case, house tax must be submitted. If the place is rented, one must submit the NOC from the owner.

There are lots of benefits to incorporating any Section 8 company. This type of company doesn't need to pay any stamp duty, unlike the other private limited companies. Also, as these are non-profitable companies, these kinds of companies are exempt from paying income tax if they are also registered under sections 12A and 80G of the Income Tax Act 1961. Also, section 8 company registration process needs a minimum amount of capital to register.

This is one of the few benefits of opening a Section 8 company. If you are someone who is planning on opening your own Section 8 company but is puzzled about how to register it as the process is quite complicated and you don't have any references for getting a CA or CS, just give us a call. We will do everything on your behalf with an affordable Sec. 8 company registration fee.

Benefits of section 8 NGO registration :

1. The company will get a tax benefit under Section 80G as per the Income Tax Act of 1961.
2. These types of companies are free from stamp duties.
3. There is no minimum limit on capital to run any Section 8 company.
4. These types of companies are eligible to collect foreign contributions.
5. Section 8 companies are separate legal entities. It has a completely separate structure and a perpetual existence.
6. It doesn't need any suffixes like "private limited"," public limited," or "limited" company.
7. A section 8 company is more credible than any other non-profit organisation, like society or trust. Due to strict compliance, its function is also very reliable.

Why will you choose Webstar Services as your registration partner?

We make your desires come true.

  • From making use of to getting all the ultimate documents, we will do all the integral work on your behalf.
  • We have a crew of certified and expert CAs and CSs who are usually there for you.
  • We will now not solely register your business enterprise but additionally furnish the offering of filling out compliances.
  • We also furnish respective websites, software, and cellular apps to set up your business. In short, you will get all the offerings you need to set up your enterprise under the same roof.
  • Affordable charges
  • Easy price options
  • 24x7 consumer support

FAQ

  • 01. Whether a society or a trust can be a member of a Section 8 company

    Yes, a society or a trust can be a member of a Section 8 company. The Company Act of 2013 doesn't place any restrictions on this matter.

  • 02. Are Section 8 companies allowed to raise funds from outside of India?

    Yes, Section 8 companies are allowed to take donations from outside of India, but there are certain restrictions. All donations must be made according to the Foreign Contribution and Regulation Act 2010.

  • 03. Can a company that is incorporated as a Section 8 company be converted to any other type of company?

    As per Section 8(4)(ii) with Rules 21 and 22, any Section 8 company can be converted into any other company. But there are some restrictions, according to the Income Tax Act of 1961.

  • 04. Can a Section 8 company extend its objectives beyond the state where it is registered?

    Yes, as per clause 4 of the INC Form 13 under rule 19(2) of the company's incorporation rule 2014, any section 8 company can change their state.

  • 05. Can a Section 8 company take a loan from its members and then pay interest on that?

    Yes, it is allowed, but there are certain restrictions on that. One needs to keep in mind Chapter V of the Companies Act before taking this kind of loan.

Our Major Service Locations :