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)
What is Section 8 Company Registration ?
Section 8 Company is also known as Section 8 of the Companies Act, 2013, which concerns the establishment ‘for promoting, art, science, sports, commerce education, religion, charity, protection, research, social welfare, or environment or any such other object’, given the profits, if any, or other income is used for the promotion simply the objects of the company and no interest is given to its members. Thus, Section 8 Company or Section 25 Company is a company that is registered under the Companies Act, 2013 for not-for-profit or charitable purposes.
A Section 8 Company is related to a Trust or Society; expect, a section 8 Company is listed under the Central Government’s Ministry of Corporate Affairs. Trusts and Societies are registered under State Government regulations. A section 8 organisation has various benefits as compared to Trust or Society like enhanced recognition and better legal standing. Section 8 company also has higher reliability amongst donors, Government departments or any other stakeholders.
Donations / Funding of NGO / NPO or Section 8 Company
Section 8 company are not authorised for raising funds by way of deposits but they can receive donations from the general public. Let us have a look at the ways by which it can raise funding:
Foreign Donations : Foreign donations are authorised only when FCRA registration is taken. FCRA license can only be implemented after three years from the date of registration. However, if it is really necessary to receive foreign donations, then you can apply for permission beforehand from the commissioner.
Equity Funding : Section 8 company is also involved in raise funding by issuing new equity shares at a higher rate.
Domestic donation: There is no limitation on the domestic donations, however, a proper check must be kept in order to circumvent any money laundering cases.
Documents Required for Section 8 Company Registration
- Copy of PAN Card
- Aadhar Card
- Address Proof (Bank Statement, Mobile bill, Telephone bill)
- Passport Size Photo
For Registered Office
- Ownership Proof (Electricity Bill etc)
- Utility Bill (Gas Bill, Electricity Bill)
- NOC (Download format)
Procedure for Section 8 Company Registration
Things to Consider in Section 8 Company Name Selection
The name of your Section 8 Company is quite important. Your Section 8 Company’s name gives the first impression to your buyers, stakeholders or suppliers. It should, thus, be charming, appropriate and suggestive. There are various factors that you should keep in mind while selecting a name for your company.
Eligibility for Section 8 Company Registration
- Object must be Charitable or to promote arts, science, commerce etc
- Intends to apply all its profit in promoting the objectives
Ensures the forbidding of the payment of dividends to any of its members
Frequently Asked Questions
Yes, you need to have a minimum of two directors for a section 8 company registration.
The whole procedure is 100% online and thus you don’t need to be present at our office o for incorporation. A scanned copy of all your documents can be sent via mail.
There is certainly no other payment. We will send you an invoice that is inclusive of all prices, having no hidden charges.
Indus usually incorporates a section 8 Company in lesser than 20 days. The time is taken for incorporation also depends on proper documents given by the applicant and approvals speed from the government. To guarantee speedy registration, picking a unique name for the proposed Company is advised and make sure you have all the needed documents before starting the registration process.
Yes, it is important to have a non-profit basis for incorporating a Section 8 company
The lifetime of the company is not dependent on in any way related to the development of any particular person(s) or individual(s). It could go on endlessly until it achieves its objective, merges with another such company, or goes broke.
Unfolding tax provides Section 8 Company incorporation services across the major cities in India We have done Section 8 company registration in Kolkata, Surat, Pune, Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities.
Unfolding tax is one of the best online service portals, which helps in the registration of Section 8 Companies in India. We consist of 10 years of experience in the application of Section 8 Company registration.unfolding tax has regional offices in Delhi/NCR to expand its network in India with 2000+ customers for Section 8 Company.