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- Bengaluru, India
Section 8 Company Incorporation
Section 8 Incorporation in Just 14 days.
The objectives of Section 8 is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, etc..
Section 8 companies apply their profits towards the furtherance of their cause and do not pay any dividend to their members.
6 Quick Steps to Register a Private Limited Company
1. Directors DSC
Digital Signature Certificate is required to verify & authenticate documents and applications.
2. DIN
Unique Directors Identification Number allotted by MCA to intending Directors.
3. Name Approval
Filing RUN form (Reserve Unique Name) with the ROC for Section 8 name approval.
4. License
Filing Form INC-12 with the ROC to apply for a licence for the Section 8 company.
5. SPICe+
A single integrated web form for multiple services. The application is uploaded on MCA.
6. Incorporation
Your Section 8 is successfully incorporated. You may open a current account with any bank.
Checklist of Documents to Get Started
For Directors/Trustees
- Director's photograph scan
- Director's PAN card & Aadhar card scan
- Passport or Voters ID or Drivers License scan
- Latest Bank Statement with transactions or latest Postpaid/Utility bill in the name of Director.
For Registered Office Address
- Rental or Lease agreement if premise is rented or leased
- Address proof - Latest tax paid receipt or sale deed if premise is owned by Director
- Latest utility bill
- No objection letter from owner of premise
What's Included in the Package?
- Certificate of Incorporation
- Company PAN Card
- TAN Certificate
- DSC Tokens
- DIN Numbers
- MoA & AoA
- Section 8 License
- Free MSME
- Free EPF
- Free ESI
Check Section 8 Name Availability For Free
When to Choose a Section 8 Company?
- When you are looking for tax exemption for an NGO
- When your objectives are charitable in nature
- When you want credibility for your non-profit
- When you want ease of transfer of ownership
- When you don’t want minimum share capital limit
Eligibility Criteria For Directors
- The Director must be a natural person
- The Director must have completed age of maturity that is 18 years of age
- There is no bar over the nationality of the director. A foreign national may be a director of a company with condition that there must be one Indian resident director.
- The Director should have active DIN and Digital Signature
Ineligibility Criteria For Directors
- Is of unsound mind by a court of competent jurisdiction and the finding is in force
- Is an undischarged insolvent
- Has applied to be adjudicated as an insolvent and his application is pending
- Has been convicted by a court of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months and a period of five years has not elapsed from the date of expiry of the sentence
- Has not paid any call in respect of shares of the company held by him/her, whether alone or jointly with others, and six months have elapsed from the last day fixed for the payment of the call
- An order disqualifying him/her for appointment as director has been passed by a court in pursuance of section 203 and is in force, unless the leave of the court has been obtained for his/her appointment in pursuance of that section
Big Advantages of Section 8 Company
- Members have limited liability.
- No minimum capital requirements.
- Enjoy several tax exemptions
- No stamp duty payable
- Perpetual existence and separate legal status.
- Exemptions from carrying out several procedural compliances.
- More credibility than compared to NGOs, societies, and trusts because they are recognized by the Central Government’s license
Important Rules of Section 8 Company
- Members of the company cannot get any dividend
- Officers and directors do not get benefits and allowances
- Can only use the profits for furthering charitable aims and objectives
- Amendment of memorandum and articles requires Central Government’s permission
- The license is revocable on several grounds
Reasons for Cancellation of Section 8 License by Goverment
- The company contravenes provisions of Section 8
- Terms of the license are violated
- When its conduct is fraudulent, or it violates its own objectives and public policy
- The Government can even order the company to be wound-up or amalgamated with another similar company under certain circumstances. The Government has to hear the company before passing such orders
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MR. REGISTRATION
established in 2016, Developing a broader, more holistic, startup-centered approach that focuses on facilitating ease of setting up business in India.
Head Office
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