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Section 8 Company

The main reason for a company to register itself as a Section 8 Company is to promote non-profit objectives.

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Step 1

Obtain DSC and check the availability.

Step 2

Fill the form and upload the essential documents on mca

Step 3

Secure registration certificate.

Overview

Benefit

How To Register

Documents Required

FAQ

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Section 8 Overview

The Companies Act defines a Section 8 company as one whose objectives is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives. These companies also apply their profits towards the furtherance of their cause and do not pay any dividend to their members.

What Are The Benefits of Section 8 company?

(1) A separate legal identity. Section 8 Company is a distinct legal entity from its members.

(2) No Stamp Duty.

(3) No minimum capital requirement.

(4) Tax Benefits.

(5) Credibility.

(6) Need for CARO.

How To Register In Section 8 Company?

NGOs can be registered in India under any of the following laws

(1) Trust Under indian trusts act, 1882

(2) Society under societies registration act , 1860

(3) Section 8 company under companies act, 2013

Documents Required For Section 8 company?

(1) DSC

(2) Articles of association

(3) Memorandum Of association

(4) Passport Size photographs

(5) Details of Director

(6) Address Evidence

(7) Members id proof such as aadhar card , passport , voter id.

FAQs

(1) What is Section 8 company?

(2) Who is eligible to apply for the registration of a Section 8 company?

(3) What is the procedure to register a Section 8 company?

(4) Who authorizes the license of a Section 8 company?

(5) Is it possible to register a foreign company as a Section 8 company in India?

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