Section 8 company

To incorporate section 8 companies minimum two directors are required and there is no minimum requirement of Paid-up capital.
The objective behind Registering section 8 company is to promote Non-profit for and objection such as education, charity, Art, sports, environment, social welfare etc.

 

Section 8 company under companies Act 2013 or section 25 under companies Act 1956 is registered with objective or education, charity, Art, sports, environment, social welfare etc. And Non-profit organization firm can be registered under Registrar of societies or as a non-profit organizing under section 8 company of the companies Act 2013.

Documents Checklist

Documents required for incorporation of Section 8 companies.

1. Documents required for Incorporating Section 8 Company is as follow:

  • PAN card self-Attested copy
  • Aadhar card self-Attested copy
  • Photograph of the proposed director

2. ID proof of proposed Directors and members (anyone):

  • Passport self-Attested copy
  • Voter’s ID self-Attested copy
  • Driving License self-Attested copy

3. Address proof of proposed members and directors (anyone):

  • Telephone bill
  • Mobile Bill
  • Bank statement
  • Electricity bill

4. Address proof for the principal place of business of the proposed company (anyone)

  • Utility bill like telephone bill, electricity bill, gas bill, water bill
  • Rent agreement with rent slip
  • Proof of ownership.

Procedure for Incorporation of Section 8 company

  • Fill the application and Submit to our executive with proper Documents and Make payment.
  • Company Name Approval within 3 working days.
  • Making Digital Signature certificate for director 1 working days.
  • Documents preparing for incorporation within 2 days.
  • Applying for company incorporation 8 days.
  • Congratulation your Section 8 company has been incorporated.

Benefits

Documents required for incorporation of Section 8 companies.

There are various benefits for Section 8 some important benefits are mentioned below.

A. Distinct identity.

A distinct identity means something that has a true existence, an object with distinct identity. Company is legal entity and it established under companies act 2013,

B. Limited Liability.

Limited Liability means the company itself responsible for debt of to its limited sum. Whereas like in proprietor and partnership the members are responsible for the debt of company liability. The simple terms the members are responsible to extent of value of their share that has been taken by them in company.

C. No Minimum capital required.

Incorporation of section 8 company does not require the any kind of minimum capital. Section 8 company can be incorporated at very nominal cost with setupfilings. As per companies Act 2013 there can be zero paid-up capital in section 8 company.

D. No suffix.

Section 8 company does not require using suffix like private limited company or public limited it’s optional for them.

E. Less Stamp Duty.

The government gives privileges for incorporating section 8 companies hence they charges less stamp duty on section 8 company. So while incorporating section 8 companies there are very less minimum stamp duty.

F. Tax Benefits.

Section 8 companies usually get the tax benefits if it get registered under 80G And 12AA of it Act.
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Packages

Choose your package & proceed to pay

BASICSTANDARDPREMIUM
1 DSC 2 Years validity 1 DSC 2 Years validity1 DSC 2 Years validity
2 DIN Number for Director2 DIN Number for Director2 DIN Number for Director
Name Approval for companyName Approval for companyName Approval for company
Authorized capital of 10 LakhAuthorized capital of 10 LakhAuthorized capital of 10 Lakh
Incorporation feesIncorporation feesIncorporation fees
PAN And TAN of CompanyPAN And TAN of CompanyPAN And TAN of Company
Incorporation KITIncorporation KITIncorporation KIT
Goods And Service Tax (GST)Goods And Service Tax (GST)
Udyam RegistrationUdyam Registration
Import Export code (IEC)
ISO Certification 3 Years Validity
Rs. 8999Rs. 10999Rs. 14999

Process

Get the process done in 5 Easy Steps

1. Choose the package and fill the form.

2. Make Payment

3. Our Executive will get in touch with you and verify the details.

4. Filing the Application to concern department

5. Congratulations your Work is complete

FAQ's

1. How many people are needed to register a section 8 company in India?

Answer: A minimum of 2 people is needed to register a section 8 company in India.

2. What are the conditions to be a Director?

Answer: The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or occupancy. Thus, even foreign citizens can be Directors in an Indian Section 8 Company.

3. Is an office needed for starting a Section 8 Company?

Answer: An address in India where the registered office of the Company will be registered is needed. The registered office can be Residential/commercial/ Industrial where communication from the MCA will be done.

4. Do I have to be present in-person to registration a Section 8 Company?

Answer: No, you won’t have to be present at our SetupFilings office or appear at any office for the Registration of a Section 8 Company. All the documents can be submitted by Email or you can also currier us the documents.

5. What are the documents needed for Registration?

Answer: Identity and address proof are compulsory for all the proposed Directors of the Section 8 Company. Pan Card is mandatory for Citizen from India. In addition, the landlord of the registered office premises must give a No Objection Certificate for having the registered office in his/ her premises and must submit his/ her identity proof and address proof.

6. How long it'll take to incorporate a Company?

Answer: SetupFilings.com can incorporate a Section 8 Company for in 20- 30 days. The time taken for registration will depend on the submission of applicable documents by the customer and the speed of Government approval. To insure speedy Registration, please choose a unique name for your Company and insure you have all the needed documents before starting the Registration process of section 8 company.

7. How long is the registration of the section 8 Company Valid?

Answer: Once a section 8 Company is incorporated, it’ll be active and in actuality as long as Annual compliance of section 8 company ROC are met with regularly. In case, annual compliance aren’t complied with, the Company will come a Dormant Company and may be struck off from the register after a period of time. A struck- off Company can be revived for a period of over to 20 times.

8. What's a Digital signature Certificate?

Answer: A Digital Signature Certificate the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs ( MCA) authorizations that the Directors subscribe some of the operation documents using their Digital hand. Hence, a Digital hand is needed for all Directors of a proposed Section 8 Company.

9. What's the Director Identification Number?

Director Identification Number is a unique identification number assigned to all being and proposed Directors of a Company. It’s obligatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number no way expires and a person can have only one Director Identification Number.

10. Can NRIs Foreign Citizens be a Director in a Section 8 Company?

Answer: Yes, a NRI or Foreign Citizen can be a Director in a Section 8 Company after carrying Director Identification Number. Still, at least one Director on the Board of Directors must be a Citizen of India.

11. What is AOA?

Answer: AOA in Section 8 Company stands for Article of Association. The AOA in Section 8 Company defines by law, rules and regulations within internal constitution of the said company.

12. What is MOA?

Answer: MOA in Section 8 Company stands for Memorandum of Association. The MOA in Section 8 Company shows the mission, vision and objectives of the company.

13. What is CIN Number in Section 8 Company?

Answer: A CIN Number is a 21 Digit Unique Number Issued to Section 8 Company By Registrar of companies.

14. Can we Change our registered office after Section 8 Company?

Answer: Yes, we can change or Registered office address after Registration.

15. What is Validity of Certificate of Incorporation?

Answer: A Certificate of Incorporation issued by Registrar of company and its valid till lifetime.
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Still have questions? Ask an expert for help

Call us at+91-7738877316

Email us support@setupfilings.com

Call us at+91-7738877316

Email us support@setupfilings.com