NGO/Section 8 Company

Under the Companies Act of 2013, a company primarily has charitable and non-profit aims is a section 8 company. These companies promote arts, commerce, science, research, education, sports, religion, social welfare, and similar goals. Non-profit organizations' revenue cannot be used to pay out dividends to their shareholders; instead, it must promote charitable causes.

Who is eligible to establish a Section 8 Company?

• If an individual or group of individuals has the particular aims, they can file for Section 8 Company Registration. The goals must be confirmed to the satisfaction of the government at large.

• If the company aims to increase science, commerce, education, arts, games, research, charities, welfare programs, environmental protection, or other things, they can file for Section 8 Company Registration.

• Those who do not want to profit from this business can form a Section 8 Company. Rather, they wish to focus their work on strengthening a particular aspect of the social structure.

Instructions for founding a Section 8 corporation, step-by-step

1.

Get the DSC and DIN for the Section 8 Company's proposed first Directors is the first step.

2.

An application for a name reservation can be filed with the Registrar of Companies (ROC)

3.

After receiving the ROC's approval, file the Section 8 company's incorporation application in the prescribed format.

4.

If the registrar is pleased with the Section 8 company's application for incorporation, the Certificate of Incorporation is issued.

Documents necessary to form a Section 8 company

  • Passport Size Photograph.
  • PAN Card.
  • ID Proof (any one).
  • Aadhar Card/Voter ID /Driving License /Passport/ Address Proof.

Documents for Registered Office Address

If Property Owned by Directors /Shareholder

  • Sale Deed of Property
  • NOC from the Owner (format given by our company)

If Rented Property

  • Rent Agreement
  • NOC from the Owner (format given by our company)

Any one Document Require from Below

  • Electricity Bill / Telephone Bill / Mobile Bill

Advantages

No stamp duty is payable

A section 8 company is not liable to pay stamp duty charges on MOA and AOA.

Credibility

These businesses are trustworthy because of the standards that govern how they manage their profits and losses. Section 8 Company have a higher level of trustworthiness than all other types of charitable organizations. The Companies Act governs them, and they are highly controlled.

No minimum capital requirement

Section 8 company have no set capital requirement. However, the capital structure can be changed at any time as needed for the company's growth.

Separate Legal entity:

A Section 8 Company, has its own identity and legal status independent from its members.

Name

The suffix "Public Limited or Private Limited" is not necessary after a Section 8 company's legal name. "Association, Society, Council, Club, Charities, Foundation, Academy, Institute, Organization, and Federation" are examples of names that can be registered.

Here are some extra benefits

• Unlike other corporations, Section 8 corporations do not require at least paid-up share capital.

• There are numerous tax exemptions available.

• During the registration process, there is no stamp duty.

What You Will Receive from Us

• Incorporation Certificate.

• MOA & AOA.

• Company PAN Card.

• Company TAN/TDS Number

• PF & ESIC Registration

• Master File of Incorporation

• DIN Number of Directors

• DSC

TaxDraw can help you with all aspects of company formation. Allow our professional staff to manage the complicated process of filling out paperwork, determining the availability of a name, developing a logo or trademark, registering a trademark, and so on. At the same time, you may focus on the aspects of your business that require your attention. We'll be there for you at every single step along the way during the incorporation process. You can consult with our experts if you have any questions about topics.

Plans

Rs. 14999 All inclusive price

Starter

  • 2 DSC (2 Years Vailidity)
  • 2 DPIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • Expert Support
Rs. 15499 All inclusive price

Plus

  • 2 DSC (2 Years Vailidity)
  • 2 DPIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • GST Registration
  • Expert Support
Rs. 23999 All inclusive price

Pro

  • 2 DSC (2 Years Vailidity)
  • 2 DPIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • GST Registration
  • After Registeration Annual Compliances
  • A. Busniess Comencement Form Submission
  • B. Auditor Appointment
  • C. Director Kyc
  • D. Annual Compliances
  • E. Company Itr Filing
  • Expert Support

FAQ's

Many social causes can lead to the formation of a Section 8 company, including:

Education

Poverty

Disease

Blood banks

Environmental protection

Goals of general public value

How many people are needed to form a section 8 corporate entity?

  Section 8 corporation must be registered with a minimum of two people.

Yes, a section 8 corporation can promote another corporation and serve as its holding company.

The rights of the Central government to issue licenses to Section 8 Companies have been assigned to the Registrars of Companies of separate jurisdictions.

As far as the annual compliance requirements are met on a regular basis, a corporation will stay active and in operation. If annual compliances are not met, the business will go dormant and may be struck off the register after a period of time. A corporation that has been taken off the register can be reactivated for a period of up to 20 years.

Section 8 Company can be formed as a limited-by-shares or limited-by-guarantee corporation (with or without share capital).

No, per Rule 3(6) of the Companies (Incorporation) Rules, 2014, a one-person company is prohibited from investing in the securities of any other corporate body.

Yes, a Partnership company or an LLP can join a Section 8 Company under the Companies Act, 2013. As the situation, the partnership firm or LLP shall abide by the provisions of the relevant Acts.

The Companies Act of 2013 makes it possible for a registered trust to join a Section 8 Company with no restrictions. The provisions of section 89 would apply in the case of unregistered trusts.

Before a Section 8 Company can receive any contributions or gifts from non-residents overseas/outside India, it must first comply with the Foreign Contribution and Regulation Act, 2010. The stated Act's provisions are in addition to the Companies Act's provisions.