Section 8 company
Benefits of Section 8 Company
- 1. High Credibility: Section 8 Companies are highly trusted by government authorities, donors, and funding agencies.
- 2. Limited Liability Protection: Members are not personally liable for the debts of the company.
- 3. Separate Legal Entity: The company can own property, open bank accounts, and enter agreements in its own name.
- 4. Tax Benefits and Exemptions: Section 8 Companies can apply for tax exemptions and benefits under Income Tax laws.
- 5. No Minimum Capital Requirement: There is no minimum capital required to start a Section 8 Company.
About Section 8 Company Registration
Section 8 Company registration is the legal process of forming a non-profit organization under Indian corporate law for promoting charitable or social objectives. The company must be established for purposes such as education, social welfare, environment protection, art, science, religion, research, or charity. Any income earned by the company must be used only for its objectives and cannot be distributed as profit to members or directors.
Unlike other companies, a Section 8 Company requires a special license from the Central Government before incorporation. After obtaining the license, the company is registered with the Registrar of Companies and receives a Certificate of Incorporation. The company has a separate legal identity, perpetual succession, and limited liability for its members.
A minimum of two directors is required for a private Section 8 Company and three directors for a public Section 8 Company. The registration process includes obtaining Digital Signature Certificates, Director Identification Numbers, name approval, license application, and filing incorporation forms with MCA.
With professional support from ICP Legal, Section 8 Company registration becomes simple, fast, and fully compliant with legal requirements, allowing organizations to focus on their social and charitable activities.
Why Section 8 Company Registration is Important/Why Choose ICP Legal
- Best structure for NGOs and non-profit organizations
- Provides legal recognition and credibility
- Required for government grants and funding
- Allows tax benefits and exemptions
- Separate legal identity
- Limited liability for members
- Suitable for charitable and social work
Why Choose ICP Legal
- Experienced corporate legal professionals
- Complete end-to-end incorporation support
- Accurate and compliant documentation
- Fast processing and approval assistance
- Transparent pricing structure
- Dedicated client support team
- Guidance on post-incorporation compliance
- Startup-focused advisory approach
Documents Required for Section 8 Company
- A copy of Articles of Association and Memorandum of Association.
- Statement by the first director(s) and subscriber(s) (an affirmation isn't needed).
- Evidence of office address, for example, a duplicate of service bills like power, water, or gas bill.
- Duplicate of the certificate of incorporation of an abroad corporate body (if any)
- MOA & AOA
- Nomiee’s consent
- Address proof
- Candidate's personality and private confirmation
- Advanced Mark Authentication or Digital Signature Certificate
- Statement of unregistered organizations.
Procedure for Section 8 Company Registration
Free Consultation
E-Mail Documents
Make Payment Online
Get Your Certificate
Frequently asked question
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1. What do you understand by Section 8 Company?
It is a kind of not-for-benefit organization set up to uplift craftsmanship, science, business, a noble cause, sports, instruction, research, or some other helpful action. These organizations help in shaping particular local areas or regions. They prohibit the arrangements of the Companies Act 2013.
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2. Can Section 8 companies generate revenue?
Indeed, Section 8 Companies can create a gain. Section 8 Companies are organizations that get sponsorship from the public authority to offer assistance to low-pay individuals. They can likewise utilize various ways of acquiring pay, for example, - Venture, Gifts, Financing, etc. They can also use different ways to gain income like - Investment, Donations, Funding, etc.
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3. What documents are needed for enrollment?
Address and Identity proof are essential for every one of the proposed Heads of the Section 8 Company. A PAN Card is compulsory for Indian Nationals. Moreover, the property manager of the enrolled office premises should give a No Objection Certificate to having the enlisted office on their premises.
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4. What amount of time it will require to integrate an Organization?
We can set up a Section 8 Company for 20-30 days. The time taken for enrollment will rely upon the accommodation of pertinent archives by the client and the speed of Government Endorsements. Please select a distinctive company name and ensure you have all the required documents before beginning the registration process to speed up the process.
