Keynotes on Section 8 Company Registration
It takes 10 to 15 days for Section 8 Company Registration.
Completely online service - No physical presence required.
No Minimum Share Capital required.
Do you want section 8 company registration or NGO registration services? Click 4 Business Solutions Pvt Ltd Private Limited helps its clients with different business setups, registrations, tax-fillings, etc. We have a team of well-trained professionals to address the legal requirements of different businesses. They know how to register section 8 companies and help young entrepreneurs set up their businesses.
A trust or society is analogous to a section 8 business. Such business owners who are not motivated by profit create Section 8 corporations or NGO companies. Section 8 companies are unable to collect money through deposits. We register various types of businesses at Click 4 Business Solutions Pvt Ltd Pvt Ltd, including section 8 and private limited corporations. To learn more about the price of section 8 company registration services, please contact us.
The Section 8 Company is registered with the Ministry of Corporate Affairs for NGO or philanthropic purposes and is permitted to operate anywhere in India. You can contact us to learn more about the section 8 company registration process with the aid of our highly qualified advisers. By completing the online section 8 company registration process, our professionals assist business owners in enrolling their enterprises.
Wondering how to begin a section 8 company in India at an affordable price? Click 4 business solutions provide a fast and easy section 8 company registration. All it takes is just some working days to get your Section 8 company registered
Reservation of the company name
DSC
License from central government
AoA and MoA
PAN India validation
Identification number of the NGO
ROC fees according to MCA
A Section 8 Company may be registered by an NGO in accordance with the Company Act of 2013. Alternatively, an NGO may be registered as a trust under the Trust Act of 1882 or as a society under the Societies Act of 1860. The process of incorporating an NGO is known as Section 8 Company Registration under the Companies Act of 2013.
A Section 8 Company is registered to further various causes, including those related to science, business, the arts, sports, technology, education, social welfare, social research, charitable giving, religion, and environmental preservation. After the registration process is successfully completed, a Section 8 company is free to conduct business anywhere in India.
A nonprofit company called Section 8 Company engages in social work for the improvement of society and the nation. Tell us about the Section 8 company registration procedure's steps:ḍ
Getting DSC (Digital Signature
Certificate)
To begin, DSC must be obtained for each proposed director of a corporation. To sign the
documents online, DSC is required. It is provided by the certifying body.
Self-attestation is required for all forms submitted.
Required information:
Email address and phone number
Aadhaar and PAN
Approval of name
Companies should use words like society, foundation, council, association, club,
academy, charities, federation, organization, chamber of commerce, institute,
development, and others when approving file names under Section 8
Documents
After digital signature and name approval, we will write the articles of association,
memorandum of association, subscription sheet, and sheets for the directors' and
shareholders' declarations for their acceptance.
Regional Director, MCA's request for a license to
register a Section 8 company (INC-12)
Once the name approval process is complete, a request for a Section 8 company
registration license from the regional director should be made.
The regional director will evaluate the goals and plans, and permission will be issued
for the registration of the Section 8 Company. The Regional Director typically needs 15
days to provide a license so that a Section 8 company can begin operations.
Forms for Section 8 Incorporations should be
submitted through the MCA Portal
Once the regional director has given his or her approval, the section 8 registration
application must be filed with all required paperwork before the ROC.
A certificate
of incorporation with a Company Identification Number ought to be issued as soon as all
clarifications are provided to ROC (CIN).
Drafting of AoA and MoA to file applications
–
Once license is obtained, it is suggested to draft the Articles of Association (AoA) and
Memorandum
of Association (MoA) for filing applications of Section 8 company registration. The
purpose of the
company will be given in detail in the MoA and the rules. By-laws will be stated in the
AoA.
PAN, TAN and Bank Account –
It is suggested to prepare PAN, TAN and Bank Account while opting for registration of
Section 8 Company.
( COMPULSORY )
Bank Statement
Electricity / Mobile bill / Electricity bill / Gas bill
( COMPULSORY )
PAN Card
Votar ID
Passport ID
Driving License
( COMPULSORY )
Passport Size Photo
( COMPULSORY )
No Objection Certificate from the owner
Utility Bills
Receipt of House Tax
Rent Agreement
Proof of Registry
There are several significant benefits to registering an NGO or NPO under Section 8 of the Companies Act of 2013 (the "Act"). Let's adhere to them :
Tax Benefits –
There are several tax advantages associated with Section 8 Company Registration in India.
There is no minimum capital –
No minimum capital is required for the registration of a Section 8 company in India, nor is
there any such need.
Unique Legal Identity –
Section 8 A unique legal entity is included in the company registration. It reserves the members
the same legal standing
There is not any Stamp Duty –
Stamp duty is not imposed on the incorporation of Section 8 Company in India because it violates
the provision of the payment of stamp duty on the AoA and MoA of the private limited company.
Donators are exempted –
If the Section 8 Company is registered under section 80G, the donators get exemption under
its provisions.
Credibility –
Section 8 Company includes enhanced credibility compared to any other type of a charitable
organization. It follows strict provision of the Companies Act that needs a compulsory
audit each year.
The following qualifications are required for Section 8 Company Registration :
Two or more people must meet all requirements and comply with all regulations of the Section 8 Company registration in order to serve as a company's director or shareholder
To start a Section 8 company registration in India, a person, limited company, or HUF is acceptable
One of the directors must be an Indian citizen. An organization is permitted to join the registered corporations under this section
The organization's founders, members, and directors are not permitted to receive a salary in cash or any kind
The surplus generated should be used to accomplish the Section 8 Company's primary objective
The business needs a project plan and specific goals for the next three years
Direct or indirect distribution of profits to the organization's director and members is not permitted
Minimum capital is not needed
Individual legal unit
Tax exemption
Commencing NPO or NGO
Easily transferable ownership
Donations are acceptable
Exemption of stamp duty
High credibility
Title usage
Strict adherences
Foreign investment is constrained
Compliance is expensive
Profits cannot be removed from the business
If the conditions and guidelines of Section 8 are not followed by the firm, as per the provisions of sub-section (11) of Section 8 of the Companies Act, 2013, the corporation would be charged with fraud and will be punished. In addition, the business must pay :
A fine of Rs. 10 lakhs, which may not exceed Rs. 1 crore
There will be repercussions for every director of the company. They would be subject to a three-year prison sentence and a minimum fine of Rs. 25,000. However, this may go over Rs 25 lakh.
Or the person in charge will go through both
Yes, in order to register a section 8 corporation in India, Central Government approval is required. Prior to company registration, it is required.
It is possible to register a Section 8 Company for a variety of social reasons, including :
Poverty
Education
Blood center
Disease
Safeguarding the environment
Additional items of general public interest
In the first thirty days following incorporation, the board of directors must appoint an auditor.
No, a Section 8 company does not require a minimum number of members.
Non-profit organizations, or section 8 companies, are those that focus on addressing social issues in society. The word "foundation" or another word of your choice may terminate the names of your Section 8 companies.