Section 8 Company Registration

Section 8 of the Companies Act 2013 is a specific law provision within India for the registration of non-profit organizations. Specifically, for only such organizations that are involved in the business of art, science, sports, education, public welfare, and other charitable or public causes. Section 8 Companies, as opposed to regular companies for profits but with interest only in the welfare of society and not profits. Such registration is accompanied by a package of advantages like added credibility, tax exemption, and limited liability which have always remained the preferred option for those interested in commencing a successful and bulky non-profit business.

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We provide comprehensive Section 8 Company registration and incorporation services in India under the Companies Act 2013. Section 8 Company provides freedom to individuals and institutions to steer non-profit objectives through a well-enforced legal framework. Our service makes registration easy, ensures compliance to be strong, and enables clients to deliver maximum impact through their social interventions.

Understanding Section 8 Companies

Section 8 of the Companies Act 2013 gives a specific legal form to companies for non-for-profit or charitable purposes. These are various sectors like art, science, sports, research, education, religion, social welfare, and conservation of the environment and other non-for-profit pursuits of public utility. We help such organizations get incorporated, focusing on advantages over usual trusts and societies.

Availability of Section 8 Company form has some benefits:

Greater Trust and Trustworthiness: Entry under the Companies Act 2013 derives greater trust of the stakeholders, reflecting attainment of statutory standards prescribed.
Tax Exemption: Section 8 Companies are exempted for the purpose of tax under Income Tax Act, 1961, and that facilitates easy funds movement and assists to provide proof of funds stability.
Limited Liability: The members have limited liability, which protects personal wealth from loss by money.
No Minimum Paid-Up Share Capital: There is no minimum paid-up share capital, and incorporation is made simpler.
Perpetual Existence: Changes in membership do not impact the company's existence for continuity and stability.
Extended Reach and Influence: Structured organization ensures utmost efficiency, transparency, and accountability, thereby making stakeholders, volunteers, partners, and donors wish to be identified with it.

Our Section 8 Company Registration Services

We offer fast and convenient section 8 company registration services, which include the following most important steps:

Digital Signature Certificate (DSC) and Director Identification Number (DIN) Obtaining: We assist in obtaining directors' mandatory digital certificates.
Reservation of Name (FORM INC-1): We assist in reserving a proper and distinctive name for the company with a mention that it is a non-profit company.
License Application (FORM INC-12): We prepare and file compulsory license application, i.e., Memorandum of Association (MoA) and Articles of Association (AoA) as per section 8 companies act 2013.
Filing Incorporation Document (SPICe+): We prepare filing of MoA and AoA as per section 8 incorporation regulations.
Issue of Certificate of Incorporation: We arrange proper issue of the certificate of section 8 company registration after successful ROC authentication.

Documents Required for Registration

We help clients prepare the following documents mandatorily needed for smooth registration process:

Identification and Residence Proof: Director and members' PAN Card, Aadhaar Card, Passport, or Driving License photocopies.

DIR-2: Directors' consent form.

INC-9: Certificate of Companies Act compliance.

MoA and AoA: Memorandums of Association and Articles of Association with business objective, terms, and conditions.

Proof of Registered Office: Electricity bill, rent/lease deed, or No Objection Certificate (NOC) of landlord.

Financial Projections: Business budget for first three years of business.

Professional Expertise and Guidance

It is possible without professional assistance, but professional guidance is recommended. We offer professional guidance, and section 8 company online registration issues are play for children. We offer personalized guidance, ensuring legality and enabling clients to focus on the business.