SECTION 8 COMPANY REGISTRATION @ 14999 2018-05-23T12:53:25+00:00

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What is Non-profit making Company(Section 8 Company)?

A Non-profit making Company (Section 8 Company) is a Company which:
(a) has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection
of environment or any such other object;
(b) intends to apply its profits, if any, or other income in promoting its objects; and
(c) intends to prohibit the payment of any dividend to its members.

A Non-profit organisation can be registered as a Company under Section 8 of the Companies Act, 2013 corresponding to section 25 of the Companies Act, 1956. It can also be registered as Trust or a Society. Section 8 company can be incorporated for promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object, provided it intends to apply its profits, if any, or other income in promoting its objects and intends to prohibit the payment of any dividend to its members.At Registration Arena, we are continuously available to help you understand how to register a Section 8 company. Company Registration in India can be done through Registration Arena in all major cities including Hyderabad, Mumbai, and New Delhi, Chennai, Kolkata & all other Indian cities.

Advantages of Section 8 Company Registration

section 8 company

5) Credible
A Section 8 Company has more credibility as compared to any other Non-profit organization structure be it a Trust or Society. As it is a licensed by the central government. It has more stringent regulations such as no change in MOA and AOA can be done at any stage or situation in a Section 8 Company. A section 8 company due its strict compliances as regard to functioning has a more reliable image in comparison to other legal structures.

6) No title required
Unlike the names requirements of the private limited or a public limited company, a section 8 company does not require to use a suffix next to its name.

1) TaxExemption
Numerous Tax exemptions are provided to Section 8 Companies, specifically to the donors who are contributing to Section 8 Companies, they can claim the Tax exemption against the donation they made to a Section 8 company.

2) No minimum capital requirement
There is no prescribed limit over section 8 companies for the minimum capital requirement unlike other entities such as public limited, but the capital structure can be altered at any stage as the required for the growth of the company.

3) No stamp duty payable
A section 8 Company is exempted for the payment of stamp duty applicable for registration as applicable in case of other structures such as private limited or a public limited company.

4) Separate Legal entity
A Section 8 Company also holds its own identity like other companies structures, and has its own separate legal standing from its member. A Section 8 Company also has a perpetual existence.

Minimum Requirements For Section 8 Company Registration

Minimum 2 Shareholders
Minimum 2 Directors are required
Atleast one Director should be an Indian Resident
Minimum 2 Rupees Share Capital
DPIN for all the Directors

What Is Included In Our Package?

Procedure For Section 8 Company Registration

Documents Required For Company Registration

Identity and Address Proof:
Identity and the address proof will be needed for all the directors and the shareholders of the company to be incorporated. In case of an Indian national, PAN card is mandatory. For the foreign nationals, apostilled or notarised copy of the passport has to be submitted mandatorily. All documents submitted should be valid. The residence proof documents like the bank statement or the electricity bill must be less than 2 months old.

Registered Office Proof:
All companies should have a registered office in India. To prove admittance to the registered office, a recent copy of electricity bill or gas bill or water bill or telephone bill must be submitted. Along with the rental agreement, utility bill or the sale deed and a letter from the landlord with her/ his consent to use the office as a registered office of the company should be submitted.

List of documents to be submitted by the Director and the Shareholders:
Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
Scanned copy of Voter’s ID/Passport/Driver’s License
Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
Scanned passport-sized photograph
Specimen signature (blank document with signature [directors only])
Note: Any one of the directors must self-attest the first three documents. In case of foreign nationals and NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).

For the Registered Office:
Scanned copy of Latest Telephone or Electricity or Gas Bill or Water bill
Scanned copy of Notarized Rental Agreement in English
Scanned copy of No-objection Certificate from property owner
Scanned copy of Sale Deed/Property Deed in English (in case of owned property)
Note: Your registered office need not be a commercial space; it can be your residence, too.

What are factors one should consider in selecting the company name

The name of the company is very important. It is considered the first impression for the suppliers, buyers and the stakeholders. It must, therefore, be suggestive, relevant and attractive. There are various factors that one must keep in mind while naming the company.

It must be short & simple:
The name must be concise and not be too long. People should be able to say it easily and they should be able to recollect your company’s name the first time they read it or hear it.

It must be meaningful:
The name of the company should be related to the business. It must fit the company’s branding.

It must be unique:
The name of the company mustn’t be the same or identical to an already existing company or a trademark. One must preferably avoid the plural version.

Add Suffix:
The name of the company must end with the suffix “Private Ltd” in a case of a Private limited company and “LLP” in case of a limited liability partnership.

It shouldn’t be illegal / offensive:
The name of the company shouldn’t be against the law. It shouldn’t be abusive or against customs and the beliefs of any religion.

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Compare Your Options

Basic

19998*
  • Section 8 Company Registration
  • Company ROC Filing

Standard

32998*
  • Section 8 Company Registration
  • Annual Compliances for PVT LTD
  • Turnover upto 10 Lakhs

Deluxe

20997*
  • Section 8 Company Registration
  • Professional Tax Registration
  • GST Registration

Popular

22496*
  • Section 8 Company Registration
  • Professional Tax Registration
  • GST Registration
  • Trademark

Ultimate

27495*
  • Section 8 Company Registration
  • Professional Tax Registration
  • GST Registration
  • Trademark
  • ISO Certification

*Consultancy fees
(government fees will be on actual)

FAQ

The key characteristics of an NGO section 8 company are:
• Object: It operates for common welfare of masses at large, for promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object.
• Profit Earning: The objective is not to earn profit. If any profit is earned during course of its operation, the same is not to be shared among owners/members rather utilised for attaining the objects for which NGO was formed.
• Utilisation of funds and earnings: The profits, if any, or other income is used towards promoting of specific objects of NGO. Further there is restriction on declaration of profits as dividend to members

In India, NGOs can be registered as Section 8 Company, trust or society. While, Trusts and Societies are registered under State Government regulations, section 8 companies are registered under Ministry of Corporate Affairs.
Forming a section 8 company is prefered due to following reasons: Improved recognition Better legal standing. Higher credibility amongst donors, Government departments and other stakeholders. Relaxation from a number of companies act regulations

Yes, you need a minimum of two directors for a section 8 company registration.
Any individual/organization can become the member of Section 8 Company including foreigners/NRI’s.
Yes, it is necessary to have a non-profit motive to incorporate a Section 8 company.

The life span of the company is not dependent on or related to the life of any particular person(s) or individual(s). It could go on indefinitely until it accomplishes its objective, merges with another such company, or goes bankrupt.

Registration Arena provides Section 8 Company incorporation services across India in all cities. We have done Section 8 company registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities.
The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to uploaded on document vault and our experts will carry out all registration formalities for you.

What People Say About Us

“We are associated with your team for last 4 years and we had an amazing experience with your team. Every single time our work has been completed within the given time line.Also the quality of service is excellent.Thanks”

Rajendra Chaudhari • Senior Partner • Forgewell Industries

“It was wonderful experience with Registration Arena during my company registration.Queries were addressed instantly through mails, phone calls; and the follow-up was just fantastic.Within a week of time my private limited was registered.There was no requirement of follow up at all.Also got instant help for opening bank account.Great work team Registrationarena ,would be more than happy to be associated with you guys in future.”

Gaurav Waidande • Director • Koncinnity Solutions Private Limited

“Fantastic service quality team.Really impressed with the working style of your company .
I would definitely recommend your services to everyone looking for ISO Certification.
Truly satisfied!”

Akshay Gawade• Director • Loconest India Private Limited

“I am really impressed with the kind of support your company  provides.Any question ,any doubts, and you will have complete clarity .Team Registration Arena has crossed all leaps and barriers in order to gain my confidence.I would definitely recommend your services.”

Shreya Gupta • CEO & Founder • Imperial Rubber Products

Our Clients

Why Registration Arena

On Time Delivery

Just tell us a few details about your brand and we’ll process your application. In three working days, you’ll be ready to use the symbol alongside your brand name.

Transparent Pricing

We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

Tech Driven Platform

Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we’ll try to ensure that your doubts are cleared before they even arise.

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