Section 8 company registration

Section 8 company is most appropriate for non-profit/NGO related objectives such as promotion of commerce, art, science, sports, education, research, social, welfare, religion, charity, protection of the environment, etc.. The process of registration of section 8 company is just like normal company registration in India with an additional requirement of a license from the central government under section 8 of the Companies Act, 2013.

Minimum Requirement for Section-8 Company registration:

•   A minimum number of two Directors who are adults
•   One of the Directors of a section 8 company has to be an Indian Citizen and Indian Resident.
•   The other director(s) can be a Foreign National.
•   It is also required to have two shareholders of a company
•   The shareholders can be natural persons or an artificial legal entity.
•    Mandatory to have charitable object.

Advantages of Section-8 Company Registration:

• Separate Legal Entity
• No Minimum Capital Requirement
• Suffix in Name
• Tax Advantages:
• Exemption to the donors.

Documents required for incorporation of Section 8 Company:

1. Documents from Directors and Shareholders

A. Identity Proof

1) Permanent Account Number (PAN) Card

2) Aadhaar Card / Passport / Driving License / Voter Identity Card

B. Address Proof

1) Telephone Bill / Mobile Bill*

2) Electricity Bill / Water Bill*

3) Bank Statement /Bank Passbook with latest transaction* 

*(Any one of the Document not older than 2 months)

C. Passport size Photographs

Notes:

• All the Copies of documents must be Self-Attested by the applicant.
• Telephone Bill / Mobile Bill/Electricity Bill / Bank Account Statement must be in the name of applicant and should not be older than 2 months.
• In case of NRI or Foreign National, documents of director (s) must be apostilled.

2.  Registered Office – Address

a) No-Objection letter from the Owner of Address to use the address of the registered office of the Company.

b) Address Proof – In the name of the Owner

• Electricity Bill, Telephone Bill (Fixed Line Only), Gas Bill or Water Bill (Not older than 2 months);- To be signed by the of the Owner of Premises

c) Rent Agreement (if rented)

Steps of Incorporation of a Company:

• Preliminary Requirements

1. Select a suitable package.
2. Provide basic details & documents required for Incorporation.
3. Make Payment through Secured Payment Gateway 

• Registration

1. Application for DSC
2. Application for Name approval
3. Drafting of documents (MOA, AOA, DIR-2,etc)

• Registered on MCA*

1. Issuance of COI, PAN, TAN by MCA.

*Company will be registered with 10-12 working days subject to the MCA processing and approval.