SECTION 8 COMPANY
Why Section 8 company?
A Non-Profit Organization having charitable objects such as the promotion of Arts, commerce, science, education, sports, protection of the environment, religion, charity, in India required to registered under Companies Act 2013, as Section 8 Company. By promoting it as a not-for-profit organization, the Act does not bar the company from profit creation but rather prohibits distributing profit among members. This says that all the income or profit from any activity of the company must be utilized towards charitable purpose for which it is registered.
Section 8 Company is most popular form of NGO in India. It is easy to register, run or manage. The income of the Section 8 Company must be used to promote only charitable objects and cannot pay any dividend to the members of the company.
- The main object of the company must be to operate for a charitable purpose and among those prescribed in law.
- Minimum 2 Shareholders for Private Limited NGO and 7 Shareholders for Public Limited NGO
- Minimum 2 Directors for Private Limited Company and 3 Directors for Public Limited Company
- The registered office of the company must be situated in India.
How it's Work
- 1.Incorporation Documents
- 2.Reserve Your Company Name
- 3.MOA and AOA drafting
- 4.Application to grant a license in form INC-12
- 5.Preparing documents and uploading
- 6.Get Company’s Incorporation Certificate and PAN
Benefits of Private Limited Company
- TAX EXEMPTION: 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.
- Exemption of Stamp duty: 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.
- 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.
- CAPITAL REQUIREMENT: There is no minimum amount of capital prescribed for the charitable company. The promoters may introduce the amount sufficient to start and run business.
- No corporate title: Although the company enjoys the benefit of the corporate entity, it is not labelled as the corporate entity. The company does not need to add the suffix “Private Limited” or “Limited” after its name.
- Compliance Exemptions: The company is also exempted from the applicability of many compliance-related provisions.
Documents required for formation of Charitable Company
- PAN (Permanent Account Number) of all proposed directors / Share Holders.
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Directors / Share Holders
- Latest passport size Photographs of all directors / Share Holders.
- Registered Office Address Proof - Electricity Bill along with Rent Agreement OR Ownership proof OR NOC
- Additional Address proof all directors / promoters with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
OUR PRICE
BASIC
₹14,499
/-
PLUS TAXES
PLUS TAXES
- NAME SEARCH REPORT
- NAME Approval (Reserve Unique name)
- DSC(2no) (Extra DSC Per director RS-1000)
- Filing Spice Form
- Issue of Incorporation Certificate along with PAN and TAN
- MSME Registration
- Share Certificate(Soft Copy)
- GST Registration
- Trademark Registration
- 1 Month free GST filing
- NDA
- Guideline for start up India Registration
- Stamp and Company Seal
- Bank-Current Account Opening
- 10% Discount on Future Service
STANDARD
₹16,499
/-
PLUS TAXES
PLUS TAXES
- NAME SEARCH REPORT
- NAME Approval (Reserve Unique name)
- DSC(2no) (Extra DSC Per director RS-1000)
- Filing Spice Form
- Issue of Incorporation Certificate along with PAN and TAN
- MSME Registration
- Share Certificate(Soft Copy)
- GST Registration
- Stamp and Company Seal
- Bank-Current Account Opening
- 10% Discount on Future Service
- Trademark Registration
- 1 Month free GST filing
- NDA
- Guideline for start up India Registration
STANDARD
₹29,499
/-
PLUS TAXES
PLUS TAXES
- NAME SEARCH REPORT
- NAME Approval (Reserve Unique name)
- DSC(2no) (Extra DSC Per director RS-1000)
- Filing Spice Form
- Issue of Incorporation Certificate along with PAN and TAN
- MSME Registration
- Share Certificate(Soft Copy)
- GST Registration
- Trademark Registration
- 1 Month free GST filing
- NDA
- Guideline for start up India Registration
- Stamp and Company Seal
- Bank-Current Account Opening
- 10% Discount on Future Service