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REGISTER A SECTION 8 COMPANY
APPLY HERE
REGISTER A SECTION 8 COMPANY
in just 20,500/- ( Inclusive of All Taxes )
Keynotes on Section 8 Company Registration
It takes 10 to 15 days for Section 8 Company Registration.
Completely online service - No physical presence required.
No Minimum Share Capital required.
Section 8 Company Registration
Do you want section 8 company registration or NGO registration services? One Click Business Solutions Private Limited helps its clients with different business set-ups, registrations, tax-fillings etc. We have a team of well-trained professionals to address legal requirements of different businesses. They know how to register section 8 company and help young entrepreneurs to set-up their business.
Do you want section 8 company registration or NGO registration services? One Click Business Solutions Private Limited helps its clients with different business set-ups, registrations, tax-fillings etc. We have a team of well-trained professionals to address legal requirements of different businesses. They know how to register section 8 company and help young entrepreneurs to set-up their business.
We have experts to provide you with important assistance to register a company. You can get in touch with us to know more about our efficient section 8 company registration consultants. Our experts help entrepreneurs to enrol their business by completing section 8 company registration online procedures.
How To Register a Section 8 Company Online
How to start your section 8 company today at affordable price? One Click Business Solutions provide a fast process for section 8 company registration as a Non-Profit Organization at cost-effective fees and get best consultant services. It will take few working days for online section 8 company registration and know the all the requirements of registration.
Reservation of Company Name
DSC
Central Govt. License
AoA & MoA
All India Validity
NGO Identification Number
ROC Fees as per MCA (Ministry of Corporate Affairs)
Under the Company Act 2013, a NGO can be registered as a Section 8 Company. Alternatively under the Trust Act 1882, an NGO can be registered as a trust or it can also be registered as a society under the Societies Act 1860. Under the Companies Act 2013, registration of Section 8 Company is known as the procedure of incorporation of an NGO.
Registration of a Section 8 Company is done to promote science, commerce, art, sports, technology, education, social welfare, social research, charity, religion, protection of environment and others. Once registration procedure is completed successfully, a Section 8 company can do its operations anywhere in India.
Procedure of Section 8 Company Registration
Section 8 Company is a non-profit organization involved in the social work for the development of the society and country. Let us know the steps of Section 8 company registration process :
Obtain DSC (Digital Signature Certificate)
The first step is to get DSC for all the proposed directors in a company. DSC is needed to sign
the documents electronically. It is offered by the certifying authority. All the forms are
submitted must be self-attested.
Required details :
Email ID and Mobile number
PAN and Aadhaar
File Name Approval –
Section 8 companies should include phrases like society, foundation, council, association,
club, academy, charities, federation, organization, chamber of commerce, institute,
development and others.
Documentation
After digital signature and name approval, we will draft all the directors' and shareholders'
declarations sheets for their acceptance, articles of association, memorandum of association
and subscription sheet.
Application for license of Section 8 Company
registration from Regional Director, MCA (INC-12) –
Once name approval process is completed, an application should be done to get Section 8
company registration license from Regional director.
Plans and objectives will be reviewed by regional director and a permit will be
granted for registration of Section 8 Company. Generally 15 days is needed by Regional
Director for issuing a license to start the operation of a Section 8 company.
Section 8 Incorporation Forms should be filed on
the Portal of MCA –
Once approval is obtained from the regional director, filing the application of section 8
registrations should be made before ROC with the necessary documents.
As soon as all
clarifications are offered to ROC, a certificate of incorporation should be issued with
a Company Identification Number (CIN).
Drafting of AoA and MoA to file applications –
Once license is obtained, it is suggested to draft the Articles of Association (AoA) and Memorandum
of Association (MoA) for filing applications of Section 8 company registration. The purpose of the
company will be given in detail in the MoA and the rules. By-laws will be stated in the AoA.
PAN, TAN and Bank Account –
It is suggested to prepare PAN, TAN and Bank Account while opting for registration of Section 8 Company.
Documents Required for Section 8 Company Registration
Address Proof
( COMPULSORY )
Bank Statement
Electricity / Mobile bill / Electricity bill / Gas bill
ID Proof
( COMPULSORY )
PAN Card
Any of the following :
Votar ID
Passport ID
Driving License
Passport Size Photo
( COMPULSORY )
Passport Size Photo
Passport Size Photo
( COMPULSORY )
No Objection Certificate from the owner
Utility Bills
Any of the following :
Receipt of House Tax
Rent Agreement
Proof of Registry
Plus Points of Section 8 Company Registration in India
Under the Companies Act 2013, there are a number of considerable benefits to register a NGO or NPO under Section 8. Let us follow them :
Tax Benefits –
Under the Section 8 Company Registration in India, a number of tax advantages are there.
There is no minimum capital –
There is no need of any minimum capital for the registration of a Section 8 Company in India.
Distinct Legal Identity –
Section 8 Company registration includes a separate legal unit. It reserves an identical legal
characterises from the members.
There is not any Stamp Duty –
Stamp duty is not imposed on the incorporation of Section 8 Company in India because it violates
the provision of the payment of stamp duty on the AoA and MoA of the private limited company.
Donators are exempted –
If the Section 8 Company is registered under section 80G, the donators get exemption under
its provisions.
Credibility –
Section 8 Company includes enhanced credibility compared to any other type of a charitable
organization. It follows strict provision of the Companies Act that needs a compulsory
audit each year.
Eligibility Condition for Section 8 Company Registration in India
Following are the eligibility criteria for Section 8 Company Registration :
Two or more individual who will operate as a director or shareholder of the company need to satisfy each and every needs and compliances of the Section 8 Company registration.
A person or limited company or HUF is suitable to commence a Section 8 company registration in India.
The objective includes promoting social welfare, sports, education, advancement of art and science and financial help to lower income people.
Minimum one of the directors should be a resident of India. Under this section, an organization may be a member of the registered companies.
Members, founders and directors of the organization cannot get any salary in the form of cash or other kind.
The main goal of the Section 8 Company should be achieved by using the surplus created.
The company must have project plan and clear objectives for upcoming 3 years.
Profit cannot be disbursed among the director and members of the organization directly or indirectly.
Advantages of Section 8 Company Registration
There is no need of minimum capital
Separate legal unit
Exemption of tax
Best to start NGO or NPO
Easy transfer of title or ownership
Donations can be taken
Stamp duty is exempted
Highly credible
Use of title
Disadvantages of Section 8 Company Registration
Strict compliances
Foreign funding is restricted
Compliance is costly
Profits cannot be taken out of company
Penalty under Section 8
As par the provisions of sub-section (11) of Section 8 of the Companies Act, 2013, if terms and regulations of Section 8 are not followed by the company, then the company will be charged for fraudulent actions and considered punishable. Besides the company needs to pay :
A fine of Rs 10 lakhs that can exceed to maximum Rs 1 crore
Every director of the organization will be punished. They would meet imprisonment for three years with a minimum fine of Rs 25000. Though, this can exceed up to Rs 25 lakh.
Or the responsible person will experience both.
Frequently Asked Questions
Section 8 Company can be registered for a number of social factors such as :
Poverty
Education
Blood Bank
Disease
Protection of Environment
Other objects for common public interest
Yes, Central Govt. Approval is essential for section 8 company registration in India. It is needed before company registration.
Yes, Central Govt. Approval is essential for section 8 company registration in India. It is needed before company registration.
Ques: Is there any need of minimum capital for Section 8 Company?
There is not any need of minimum capital for section 8 company in India.
Ques: What will be the period to appoint an auditor?
An auditor should be appointed by board of directors within 30 days of incorporation.
Ques: What is the difference between trust, societies and Section 8 Company?
| TRUST | SOCIETIES | SECTION 8 |
|---|---|---|
| Trust is a simple registered NGO and does not include any definite power | Societies are registered according to Societies Registration Act and therefore authentic | Section 8 Company is the most authentic NGO or NPO that is registered under Companies Act, 2013 |
| Lack of faith | Little faith because membership is a crucial factor | Enhanced faith |
| Trust deed is the most essential document | Society deed is the most crucial paper | Memorandum of Association is the most crucial deed |
| No compliances | Compliances according to deed | Different compliances that include audit |
Ques: Is there any need of minimum number of members in Section 8 company?
No, there is no need of minimum number of members for Section 8 Company.
Ques: Which documents are essential for producer company registration?
Following documents are necessary for registering producer companies :
Address proof of directors
Identity proof of directors
Passport size photograph
Digital signature
Office address proof
Ques: What advantages are involved with a Producer Company?
Following benefits are offered by a producer company :
Hassle-free management
Distinct legal unit
Limited liability
Enhanced credibility
Ques: What are the disadvantages of Producer Company?
Following disadvantages are involved with a Producer Company :
Low cash flow
High input prices
No economies of scale
Ques: What are the goals of Producer Company?
The producer company includes certain goals, they are:
Handling
Production
Grading
Procurement
Pooling
Selling
Marketing
Import of products or services for the benefit of the members
Export of primary products of the members
Ques: What if a member ceases to become the primary producer?
If a producer company stops to be the primary producer, the shares shall be surrendered by board of directors when the criteria are satisfied.
Ques: What are the benefits of Producer Company?
Under the income tax Act, the tax is exempted based on the type of agricultural actions.
Ques: What is minimum number of directors needed to make a producer company?
Minimum 5 and maximum 15 directors are required to make a producer company. It can have more than 15 directors under the special circumstance of inter-state cooperative society registered as a producer company.
Ques: How many members are needed to make a Producer Company?
Minimum 5 directors and 10 members must be there. Minimum paid-up capital of Rs. 5 Lakhs is needed to make the company. As there is no maximum limit of the members, company can possess as many as members they want.
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