Setupfilings

Section 8 company

Section 8 company

To incorporate section 8 company 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.

Benefits of Section 8 Company

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,

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.

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.

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

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.

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

Documents required for incorporation of Section 8 companies

Documents required for Incorporating Section 8 Company is as follow:

ID proof of proposed Directors and members (anyone):

Address proof of proposed members and directors (anyone):

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

Procedure for Incorporation of Section 8 company

  1. Fill the application and Submit to our executive with proper Documents and Make payment.
  2. Company Name Approval within 3 working days.
  3. Making Digital Signature certificate for director 1 working days.
  4. Documents preparing for incorporation within 2 days.
  5. Applying for company incorporation 8 days.
writing, pen, man

basic

1 DSC 2 Years validity

2 DIN Number for Director

Name Approval for company

Authorized capital of 10 Lakh

Incorporation fees

PAN And TAN of Company

Incorporation KIT

Standard

1 DSC 2 Years validity

2 DIN Number for Director

Name Approval for company

Authorized capital of 10 Lakh

Incorporation fees

PAN And TAN of Company

Incorporation KIT

Goods And Service Tax (GST)

Udyam Registration

Premium

1 DSC 2 Years validity

2 DIN Number for Director

Name Approval for company

Authorized capital of 10 Lakh

Incorporation fees

PAN And TAN of Company

Incorporation KIT

Goods And Service Tax (GST)

Udyam Registration

Import Export code (IEC)

ISO Certification 3 Years Validity