Section 8 Company Registration

Section 8 Companies are those companies through which we work as a charitable organization or Non-Profit Organisation (NPO). The motives of such are social welfare rather than making profits.

In other words, Section 8 Companies works as a charitable trust under the recognition of the Ministry of Corporate Affairs. These companies are registered under the Companies Act 2013.

Advantages of a Sec 8 Company

• No minimum capital requirement
• Donations to a Sec 8 company are easily rebated under 80 G
• Exemptions under company law like Companies auditor is not applicable. Stamp duty registrations are also exempted.
• A Sec 8 Company can convert to a standard Pvt Ltd Company through a process defined in the Act.

Minimum two Directors are required in case you are registering a Private Limited type of Sec 8 company. If you are registering a Limited company type for Sec 8 Company, then a minimum of three Directors are required.

The money earned by a section 8 company can be utilized in charitable projects only. None of the money earned can be moved toward paying the partners of a section 8 company.

Requirements for forming a Sec 8 Company

• Digital Signature of Directors
• DIN ( Director Identification Number )
• Name Availability Check and Application for Name Reservation/Approval
• Office Address Proof of the company is needed
• If the applicant is NRI, then the documents must be notarized, and the passport is compulsory
• Make Application to the focal government for the award of License under section 8 and get the License
• Record Incorporation application for getting Registration Certificate
• The administrative expense of Section 8 Company Registration is INR 6,000/ -

Package Inclusions

• NGO MOA & AOA
• RD Approval
• NPO CIN
• PAN & TAN
• Bank Account with a Naionliased bank