A Section 8 Company is a type of non-profit organization registered under the Companies Act, 2013 in India. These companies are established for promoting social welfare, charitable activities, education, arts, science, sports, and other similar objectives. They do not distribute profits to their members but reinvest them into their business. Our comprehensive service ensures your company is set up efficiently, with all the essentials covered.
Submit to get Section 8 Company Registration (NGO)
There is no minimum capital requirement for section 8 company.
Various exemptions are available under income tax for sec 8 company
They had to allocate all its profit toward the objective only.
No ditribution of dividend if done it violates the law.
Section 8 Company Registration (ngo) Service Details
Company Registration Process: -
Registration of the company includes several steps
Acquire a Digital Signature Certificate (DSC)
Director Identification Number (DIN)
Name Reservation of the Company i.e., Spice+ Part A
Submission of Company details i.e., Spice+ Part B
Preparation and submission of Incorporation forms (INC-33 MOA, INC 34 AOA, INC 35 Agile Pros, INC-9)
After all the process we will get the Certificate of Incorporation (COI) and other ancillary documents.
Post-incorporation compliances.
Now Let’s discuss in detail what is included in every step and how we proceed with that
First, we have to check whether every director have DSC or not if yes then we have to collect the same if not then we have to make Digital Signature first, because every work is electronically so every director is requiring to sign every form electronically through DSC. Documents required for Individual DSC making is Aadhar card, PAN card, Bank statement, photograph of director. For DSC you can refer our DSC service tab for more information.
Secondly, we have to know whether the Director has an existing DIN or not, if yes then we have to collect the required information of the director in which company he has an interest and how much he holds shares in the company.
Then after all that we are going to reserve the name of company by filing the form Spice+ Part A and it took 3 days for getting the name reserve and after that we have 21 days to incorporate a company.
Meanwhile, in between the 3 days of name approval we will make other necessary documents like DIR-2, Noc for registered office etc.
After the name approval we will file details in Spice+ Part B form which include details of shares, subscribers, directors, registered office, PAN TAN codes, etc and submit the form after signing of all the forms by every director and shareholders.
After submitting the form, we have to prepare INC 33 i.e., Memorandum of Association, INC 34 Article of Association, INC 9 details of Subscribers and Directors, INC 35 Agile PROS.
And then we have to submit all the forms and wait for the approval by the Registrar of Companies.
After getting the approval, we have to do post-incorporation compliances likeADT-1, INC-22, INC-20A, GST registration, etc.
Documents Deliverables are: -
Certificate of Incorporation (COI)
Memorandum of Association i.e., INC 33
Articles of Association i.e., INC 34
Agile PROS i.e., INC 35
Details of Subscribers and Directors i.e., INC 9
PAN Card of the company will be shared over mail by MCA Department
ESI/PF credentials will be shared over mail by MCA Department
TAN Card of the company will be shared over mail by MCA Department
Time Taken to incorporating a company is 8-10 days
Why Choose HireYourCA?
Why Choose HireYourCA?
There are several reasons why HireYourCA stands out as your go-to partner for business registrations and compliance:
Experienced and Qualified Team: Our CAs possess extensive knowledge and expertise.
Seamless Service: We handle the entire process, keeping you informed at every step.
Cost-Effective Solutions: Competitive pricing ensures value for your money.
Client-Centric Approach: We prioritize your needs and offer personalized guidance.
Technology-Driven Platform: Our user-friendly online platform enables easy tracking and access to documents.
Transparency and Trust: We maintain complete transparency and adhere to the highest ethical standards.
Eligibility
First condition is to incorporating a Section 8 company in India is you require at least 2 members and 2 directors and both the directors and shareholder can be the same.
Maximum number of members in a Section 8 company can't exceed is 200 members.
15 directors as per the companies act, 2013 but which can be increased later by passing a resolution.
At least One director must be resident of India among two.
Director must be major and not of unsound mind and incapacity to do the task as per the law.
Company must have a registered office situated in India.
There is no minimum capital requirement for incorporating a company in India.
Private limited company cannot invite shares through issuing share in public.
Private limited must have to comply with all the regulatory and legal compliances with ROC.
Company must have a legitimate purpose to run the business.
Company should involve in obective of promoting arts, science,etc.
It has word like trust, charity, foundation in suffix of the name of section 8 company.
Documents Required for Section 8 Company Registration (NGO)
Now let’s Discuss about the documents need for registering a Section 8 company in India.
First of all, documents required related to the director/ shareholders of company are
1. Educational qualification that they had completed till now or pursuing.
2. KYC Documents i.e., Aadhar Card, Pan Card, Photograph of all the Directors, Mail I’d & Mobile Number of all the directors, Bank statement of all the directors, DIN if having with any director.
3. Digital signatures certificate of all the directors.
4. Declaration by the Director under form number DIR-2 about the consent of becoming director and enclosing the Directorship or holding of any interest in any company
Now secondly, we need documents related to the company i.e.,
4 proposed names of the company going to incorporate. Why we are asking for 4 names because if any resubmission or issue arise alike that then we can use 2 other alternate names for the company incorporation.
Share capital of the company clearly stating the share of every shareholder in the said capital.
Now lastly, we need the documents related to the registered office of the company i.e.,
No objection certificate for the registered office from the owner of property stating clearly of having no issue for taking registration at that place.
Rent Agreement required if the property is not on the name of company going to incorporate.
Latest electricity bill or any other utility bill is required for the proof of address office of company but it can’t be older than 2 months.
Note: - For Foreign Nationals Notarized documents, passport-sized photograph, passport and address proof.
Benefits Of Getting Section 8 Company Registration (ngo)
Limited liability: - Section 8 company enjoys the benefit of limited liability which means shareholder are liable only extent to their capital contribution.
Distinct legal identity: - A Section 8 company posses and independent legal entity distinct from its directors and shareholders. It has the capacity to sell, buy anything on the name of company
Perpetual Legal Entity: - It has the feature of perpetual legal entity which means Director and shareholder may come and go but the company is going to run forever.
Tax benefits: - A Section 8 company enjoys various benefits under tax regime like sec 80g/ 12A.
Objective: - Section 8 company has pre determined objective and they will work for that objective and allocate all the profits towards the objective.
Section 8 Company Registration (ngo) Sample Document
Download Section 8 Company Registration (ngo) Sample
A Section 8 Company is a type of non-profit organization registered under the Companies Act, 2013 in India. These companies are established for promoting social welfare, charitable activities, education, arts, science, sports, and other similar objectives. They do not distribute profits to their members but reinvest them into their business.
No, a Sec 8 Co. cannot distribute it's profit as a dividend as it violates the law as per companies act, 2013.
No, a Section 8 company is not required to add limited or private limited as suffix in it's name. They use suffix like charity, fiundation, trust etc.
Yes, Section 8 Co. can convert into Private or Public Limited company by following procedures mentioned in the law as per Companies Act, 2013.
No, Section 8 company cannot be converted into OPC as per Companies Act, 2013
