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Start Your Section 8 Company /NGO in
just 25 Days
@ Just Rs. 12000/-

(consultancy Fees)

What you will get-
DIN of 2 Director + DSC of 2 Director + Approved name of your Company + Registered MOA/AOA of your Company + PAN and TAN of Company + Supporting documents in opening bank account of Company + Incorporation Kit

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Section 8 Company

Section 8 Company is named after the Section 8 of the Companies Act, 2013, which relates to incorporation of a company ‘for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object’, in which the profits of the company, if any, or other income is invested for promoting only the assets of the company and no dividend is paid to its members. Therefore, Section 8 Company is a company registered for charitable or not-for-profit purposes.

A Section 8 Company works as a Trust or Society. Trusts and Societies are registered under State Government regulations. A section 8 company which is registered and governed under central government has various advantages when compared to Trust or Society like better recognition and trustful legal standing. Section 8 company also has higher trust points amongst donors, Government departments and other stakeholders.

Procedure

Name Reservation
Obtaining DSC
Application for Section 8 License
Documents creation and submission
Obtaining Certificate of Incorporation

Benefits Of Section 8 Company

Exemptions and Privilages in Company Law
Non application of CARO
Fulfilling Charitable Purpose
A Firm can also be a member of Section 8 Company

Required Documents

Copy of PAN and Adhaar card of Director and Nominee
Copy of Voter's ID/Driving License/Passport/Bank statement /telephone bill of Director and Nominee
Proof of Registered office in India
Passport Size photograph of directors.

Minimum Requirements

  • Minimum 2 Shareholders for Section 8 Private Company and Minimum 7 Shareholders for Section 8 Public Company

  • Minimum 2 Directors for Section 8 Private Company and Minimum 3 Shareholders for Section 8 Public Company(Directors and Shareholders can be same)

  • One of the Directors must be Indian Resident

FAQs

Q. What are key features of a section 8 company?

A. The key characteristics of an NGO section 8 company are:

Object: *It operates for common welfare of masses at large, for promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object.

Profit Earning: *The objective is not to earn profit. If any profit is earned during course of its operation, the same is not to be shared among owners/members rather utilised for attaining the objects for which NGO was formed.

Utilisation of funds and earnings: *The profits, if any, or other income is used towards promoting of specific objects of NGO. Further there is restriction on declaration of profits as dividend to members.

Q. Payment of prescribed fee Looks like too much effort?

A. The whole process will be carried out online. You just need to upload the required documents on our encrypted Document vault and our experts will take care of all formalities for you.

Q. Is it necessary to have 2 directors for Section 8 Company Registration?

A. Yes, you need a minimum of two directors for a section 8 company registration.

Q. For incorporation of Section 8 Company, do I have to be present in person?

A. The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to uploaded on document vault and our experts will carry out all registration formalities for you.

Q. I wish to start my NGO. The objective is to impart quality education and upliftment of unprivileged children. Should i form a trust, society or register as a section 8 company?

A. In India, NGOs can be registered as Section 8 Company, trust or society. While, Trusts and Societies are registered under State Government regulations, section 8 companies are registered under Ministry of Corporate Affairs.

Forming a section 8 company is prefered due to following reasons: Improved recognition Better legal standing. Higher credibility amongst donors, Government departments and other stakeholders. Relaxation from a number of companies act regulations

Q. Is Digital Signature mandatory for carrying out registration formalities?

A. Digital Signature is the only secure and authentic way that a document can be submitted electronically. All filings of e-forms on MCA Portal are required to be filed with the use of Digital Signatures by the person authorised to sign the documents.

Under the plan you can obtain 2 class II digital signatures along with E-token, having a validity of 2 years.

 

In case, you already have a DSC, our experts will offer you some concession accordingly on the above package

Q. Who can become a member in Section 8 Company?

A. Any individual/organization can become the member of Section 8 Company including foreigners/NRI’s.

Q. What are the additional requirements for section 8 company registration?

A. Multiple forms need to be filed to apply for license. The most important form is eForm INC 12 (for issuance of license under section 8 of the Companies Act, 2013). This application shall be accompanied by:

  • Memorandum & Articles of Association of the proposed company;
  • A declaration confirming the application by a Company Secretary in Practice on the Non – Judicial stamp paper of prescribed value;
  • List of names, descriptions, addresses & occupation of the promoters as well as Board Members of the proposed company;
  • A statement showing details of assets and liabilities of the company as on date with the application;
  • An estimate of future annual income and expenditure of the proposed company, specifying the source of income and object of expenditure;
  • A statement giving brief description of work, if any, already done by the association;
  • A statement specifying briefly the grounds on which the application is made;
  • A declaration in prescribed form on non – judicial stamp paper by each person making an application;
  • A letter of authority;

Q. Will there be a need for any other special registration required?

A. In addition to registration, a non-profit engaged in certain activities might also require special license/permission. Some of these include (but are not limited to):

 

A place of work in a restricted area (like a tribal area or a border area requires a special permit – the Inner Line Permit – usually issues either by the Ministry of Home Affairs or by the relevant local authority.

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