What is Section-8 Company ?
What is Section 8 Company Registration
A Section 8 Company is an organization which is registered as a Non-Profit Organization (NPO). NPO/company has its objective of promotion of arts, commerce, charity, education, protection of environment, science, social welfare, sports, research, religion and intends to apply its profits, if any, or other income in promoting its objects. It functions exactly like a limited company including all the rights and obligations that come with such a company. However, it differs from a company in one very crucial aspect, i.e. it cannot use the words “Section 8” or “Limited” in its name.
The income of the Company must be used to promote only charitable objects and cannot pay any dividend to the members of the company. The central government provides an incorporation certificate to all such companies and also informs them about some restrictions and conditions. In case they don’t fulfil them, the central government may also order them to wind up the company. In case fraud objectives of the Company are proved, legal action will be taken against all officers of the Company.Section 8 Company Registration can be done through LegalRaasta in Delhi NCR, Mumbai, Bengaluru, Chennai and other Indian cities.
Our Section 8 Company Registration Package
Section 8 Company Registration
Ideal business structure for NGO’s and Non Profit Organizations
Starting At Rs. 25,250 SAVE 60% COST…!!! (Takes < 20 days)
Procedure for Section 8 Company Registration
Complete our Section 8 Form
Obtain DSC and DIN for Directors of Section 8 Company
Then, we shall obtain DSC and DIN for directors and apply for name approval of company. IN 3 Days
Verification and Name Approval of Section 8 Company
Apply for the license and COI of Section 8 Company
We will apply for license and also obtain certificate of incorporation for Section 8 and then apply for TAN and PAN.IN 10Days
Your Section 8 Company is now Ready
Once your Section 8 company is registered, we shall send you TAN and PAN via courier.
Concerns Related to Section 8 Company
Application of DSC & DPIN
First of all, the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used of filing and DPIN refer to Directors PIN number issued by MCA. If the directors already have DSC and DPIN, then this step can be skipped.
You to provides 3 different name options to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business.
Approval of other authorities
The Registrar of Companies may require the applicant to furnish the approval or concurrence of any department,regulatory body, appropriate authority, or Ministry of the Central or State Government(s) in relation to the work to be done.
Obtaining Section 8 Company Licence
After the company’s name is approved, one needs to apply for a Section 8 Company licence from the MCA.The Registrar will wait for 30 days for objections, if any, of any person pursuant to notice published in newspapers.The Registrar might also consult any other regulatory bodiesandnecessary authorities.
MOA & AOA submission
Once the licence is obtained, one needs to draft Memorandum of association and Articles of Associate. But the object of the company must always be a charitable object. Both MOA and AOA are filed with the MCA with the subscription statement.
Get Section 8 Company incorporation certificate
It typically takes 15- 25 days to form a Section 8 company and get the incorporation certificate. The Certificate of Incorporation is proof that a company exists. It also includes your CIN (Company Incorporation Number).The Registrar will wait for 30 days for objections, if any, of any person pursuant to notice published in newspapers.The Registrar might also consult any other regulatory bodies and necessary authorities. Thereafter, the Registrar of Companies at its discretion, may grant the licence. And such licence may contain conditions as deemed necessary by the Registrar.
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- Digital Signature Certificate (if you already have it).
- Director Identification Number (if you already have it)
- ID proof for members: (Aadhar Card, Passport, Voter ID)
- Director’s details (if Members are other Companies/LLPs)
Documents Required For Section 8 Company Registration
- Memorandum of Association
- Passport size Photographs
- Articles of Association
- Address Proof