Section 8 Company Registration
Are you looking for Section 8 Company Registration? Avail consultancy services for Section 8 Non-Profit Company formation across India. We are the best service provider for the incorporation of Section 8 Companies. Our expert formation team, consisting of Company Secretaries (CS) and Chartered Accountants (CA), will guide you in detail about Section 8 Non-Profit Company, compliance rules, the registration process, document requirements, etc. Get your Section 8 Company registration done in 3 days with our package priced at Rs. 15,000/-.
Interested in Section 8 Non-Profit Company Registration?
Rules & Incorporation of Section 8 Company
In India, a Corporate Entity with the characteristics of a Non-profit (Non-governmental) Organization is called a Section 8 Company. The Companies Act, 2013 governs the Section 8 Company (previously known as Section 25 Company in the Old Companies Act, 1956). The main object of Section 8 Companies is to promote charitable activities, art, science, education, commerce, environment, research, social welfare, sports, etc. The main focus of the company is not to earn a profit but rather to promote the areas and culture where the whole society benefits.
The formation of a Section 8 Company is quick and easy. Incorporation can be done by a minimum of two members and two directors, out of which one must be an Indian citizen. Name of the Section 8 Company Must include charitable or social welfare word like Foundation, Association, Federation, Chamber, Forum, Council, Electoral Trust etc. NGO registrations are increasing day by day as the economy grows, leading to parallel growth in charitable and promotional activities. A Section 8 Company is a form where the utilization of funds is done for the welfare of society, and any surplus will be reallocated for social welfare only. From a taxation point of view, the profit of a Section 8 company is exempted from tax on the utilized amount for charitable purposes under Section 12AA of The Income Tax Act.
Hence, if you are planning to create a new entity with the objective of promotion of education, sports, research, religious, or charitable motives, Section 8 Company Incorporation is the best suitable format for your NGO.
Section 8 Company Registration Consultant
If you are in search of Section 8 Company Registration Consultant, Check Our Section 8 Company Registration Package of Rs. 15,000/- Inclusive of All, no hidden Fees and no advance payment. Our Combo Includes
- Section 8 Co. Registration
- MoA and AoA of Section 8 Company
- Government Fees
- Permanent Account Number (PAN)
- Tax Account Number (TAN)
- PF and ESIC Certificate
- Director Identification Numbers
- Digital Signatures
- Bank Account Opening
- INC-20A Commencement of Activity
- ADT-1 Auditor Appointment
What are the Documents Required for Section 8 Company Registration?
Following Documents are mandatory for Section 8 Company Formation:
- Aadhar Card or Voter ID Card or Passport or Driving License (of Two Directors)
- PAN Card (of Two Directors/Member)
- Photo (of Two Director/Member)
- Personal Saving Bank Account Statement/Passbook of Member & Director
- Mobile Number and Email Id
- Proposed Section 8 Company Office Address – Latest Utility Bill (Light Bill/Telephone Bill)
Minimum Requirement to be fulfilled for Sec 8 Company NGO Registration
To incorporate a Section 8 Company, the following prerequisites must be fulfilled:
- A minimum of two Person (members/shareholders) is required.
- Two directors required for Section 8 Company.
- At least one director of the Section 8 Company must be an Indian Citizen.
- Name of the Section 8 Company Must include word represent charitable nature Eg. Association, Foundation, Federation, Chamber, Electoral Trust, Council, Forum, etc.
- Members or directors cannot draw any remuneration. Also, the distribution of profit to members is prohibited.
- It is mandatory to do statutory Audit, ROC Filing, Book Keeping etc.
Key Benefits of Section 8 Company Registration
If your entity registration motive is to promote and uplift society, religion, sports, or education, then a Section 8 Company is the best suitable form for NGO registration. Let’s analyze the advantages of a Section 8 non-profit company:
- Tax exemption on the utilization of profit for the social welfare purposes of the Section 8 company.
- Separate legal entity with its own credibility.
- No minimum capital requirement and no stamp duty. Thus, incorporation is cheap and easy.
Process of Section 8 Company Incorporation
The Vakil Adda Team will provide you with a brief about Section 8 Company, its purpose, rules, documentation, compliance, benefits, and limitations. Thus, you can opt for the process of formation of a Section 8 Company for your charitable and non-profit organization.
After That, You need to provide us Document as per checklist of Section 8 Company, Proposed Name of Organization, and Object of NGO/Section8. On receiving of document we will initiate Section 8 Company formation process.
Within 3 Day We will complete the Registration Process. You will Receive Section 8 Company Registration Certificate with its PAN, TAN, DIN etc. We will handover all the documents of Company Registration. Our expert will guide you further routine and annual compliance to follow.
What are the compliance required after Section 8 Company Registration?
After registering a Section 8 Company, the following compliance requirements must be completed:
- Appointment of Auditor (ADT-1)
- Activity Commencement Filing (INC-20A)
- Statutory Audit is Compulsory Required.
- Registrar of Corporation (ROC) Annual Filings
- Income Tax Return Filing.
- Any Other Law Compliance – If Registration is obtained by Section 8 Company. Eg. GST, PF, ESIC etc.
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Frequently Asked Questions on Section 8 Co. and Its Formation
Our Combine Section 8 Company Incorporation Package is Priced at Rs. 15000/- Including all. and Registration of Section 8 Co. Takes around three days.
Section 8 Company Name must be unique and shall include Council, Foundation, Forum, Association, Federation, Electoral Trust, etc.
Yes, We provide Section 8 Company Consultancy Service Across India in all cities. We are also available with 24×7 Online Support Service. Our Section 8 Company Clients situated in Ahmedabad, Mumbai, Delhi, Bengaluru (Bangalore), Chennai, Kolkata, Hyderabad, Pune, Surat, Jaipur, Lucknow, Kochi, Indore, Visakhapatnam, and Coimbatore. We provide service in State of Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Uttarakhand, Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Bihar, Jharkhand, West Bengal, Odisha, Sikkim, Assam, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, and Kerala etc.
