Register Section 8 Company in India within 3 days with Filemydoc.com at just ₹ 5999/- (Exclusive Govt. Fees). Get free Business Website & GST Registration for your business. Choose us for all your hassle-free startup legalities.
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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.
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Here are the main benefits of Section 8 company:
Listed below are the documents required for Section 8 company registration process.
Following are the steps-by-step points on Section 8 Company registration.
Our Section 8 company registration package includes:
You need to arrange very simple documents of director like photograph, Pan card and one address proof.
No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company. This office address can be changed at any time after incorporation of the company. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office.
Profit or Income of Non Profit Company can only be used for promotion of the charity work in which it is involved. Even declaration of dividend or distribution of profit to its promoters is not allowed.
No, Filemydoc.com provides complete online Incorporation process. All legal documentation and visits are done by us.
A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Section 8 Company.
No, Promoters of Non profit company cannot be employed as paid employee of the company.
Yes, Section 8 company be converted into private limited company after taking the approval from ROC.
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