Overview

Section 8 Company or a Non-Profit organisation (NPO) is a Company established for promoting commerce, art, science, religion, sports, education, research activities, charity or any other useful social object, provided the profits and donations is applied for promoting only the objects of the company and no dividend is paid to its members or owners.

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. 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.

Get Started to incorporate your Section 8 Company

Benefits of Section 8 Company

Here are the main benefits of Section 8 company:

• Many privileges and exemptions are available to section 8 company under Company Law
• Exemption from requirement of Minimum Paid-up capital
• Exemption of Stamp duty for registration
• Non-application of Companies Auditor's Report Order (CARO)
• Registered partnership firm can be a member in its own capacity
• Tax deductions to the donors of the Company u/s. 80G of the Income Tax

Checklist for Section 8 Company Registration

• Simultaneous to the Digital signature application processing, an application for name approval can be initiated for the Section 8 Company to the MCA.
• The name of a Section 8 Company must end with the words like Foundation, forum, association, federation, chambers, council, electoral trust, etc.
• The Name approval process can be completed within 24-72 hours.
• MOA (Memorandum of Association) and AOA (Articles of Association)
• They are drafted after obtaining the name approval and other documents included in INC12 filed with the ROC.
• It is necessary to sign and mention his name, description, address, and occupation in the MOA and AOA subscription.
• It is necessary to have one witness present who will attest the signature.

Documents Required For Section 8 Company Registration

Listed below are the documents required for Section 8 company registration process.

• Memorandum of Association
• Articles of Association
• Passport size Photographs of Members
• Members Id Proof such as Aadhar Card, PAN Card, Passport, Voter ID
• Details of Director
• Address Proof of Director

How to Register Section 8 company in India

Following are the steps-by-step points on Section 8 Company registration.

• Step 1: In the first step, we obtain the DSC for the proposed Directors of the Section 8 Company. After obtaining the DSC, file form DIR 3 with the ROC for getting a Director Identification Numbers.
• Step 2: After the DIR 3 is approved, the ROC will allot the Director Identification Number to the proposed Director.
• Step 3: To apply for a company name, it is necessary to file Form INC 1 with ROC.
• Step 4: After the approval to apply for a license for the Section 8 Company, it is necessary to File Form INC 12
• Step 5: After the approval, a license under section 8 will be issued in Form INC 16.
• Step 6: File SPICe Form 32 with the ROC for incorporation along with the affidavits, declarations, KYC, consent letter, draft MOA, and AOA after he obtains the license

What you get after Section 8 company incorporation

Our Section 8 company registration package includes:

• DIN for Directors
• Digital Signature for Directors & Members
• Company Name Approval
• MOA + AOA
• Incorporation Certificate
• Company PAN Card
• Company TAN
• License under Section 8
• Bank account opening assistance
• Free website for business
• Free legal and business consultant with professionals
• Flat 10% off on professional fee forever

Why Filemydoc.com for Section 8 Company Registration

• For your Section 8 company formation, we will incorporate your company and get it business-ready
• Our experts are up to date with the laws and have helped businesses like you register their company
• You can register your Section 8 Company through our simple online form and track job progress through our easy-to-use dashboard
• We will allocate a dedicated manager who will keep you informed about the status of your Section 8 company Registration. Our support team is available to answer any questions you may have

FAQs on Section 8 Company Formation

Popular Services from Filemydoc.com