Section 8 company

Section 8 Company Registration in India is the most suitable legal structure for non-profit organizations that are formed for charitable, social, educational, religious, or environmental purposes. A Section 8 Company is registered under the Companies Act, 2013 and regulated by the Ministry of Corporate Affairs (MCA). This type of company is formed to promote social welfare and cannot distribute profits to its members.

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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.
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Frequently asked question

  • 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.

  • 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.

  • 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.

  • 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.

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