Updated on September 07, 2024 03:27:36 PM
Section 8 company registration is the most popular form of NGO registration and has more credibility among donors, government and other stakeholders. It has more benefits than traditional charitable institutions and is registered under the Companies Act, 2013.
The main objective of Section 8 company is to promote arts, sports, commerce, science, religion, social welfare, charity and environmental protection. Section 8 company can be registered both as a private limited company or a public limited company.
At Professional Utilities, Our Team of experts will help you register your Section 8 company in a seamless manner without you being worried about the documents and registration process. We will take care of all the documents and registration requirements and do the incorporation in the most efficient way due to our years of experience in Company registration.
Section 8 Company Sample Documents
Section 8 company is an upgraded form of Society and Trust. It has many benefits over traditional forms of charitable institution registration. Section 8 company is the most popular form of NGO registration in India. It is easy to register, run and manage.
The main purpose of Section 8 company is to promote non-profit objectives such as commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment and other charitable purposes.
In effect from April 1, 2021, all NGOs need to file Form CSR-1 on MCA portal to register with Central Government. MCA has made this Form available on its website and made it mandatory for all the social organisations seeking CSR funds or CSR implementing agencies to file it. The aim of the CSR-1 Form is efficient monitoring of CSR spendings in the country.
Section 8 Company incorporation is a complete digital process and therefore requirement of Digital Signature Certificate is a mandatory criteria. Directors as well as subscribers to the memorandum of the company need to apply for a DSC from the certified agencies. Obtaining a DSC is a complete online process and it can be done within 24 hours. This process involves 3 simple verifications that are document verification, video verification and phone verification.
Name application for Section 8 Company can be done through SPICe RUN form which is a part of SPICe+ form. While making the name application of the company, industrial activity code as well as object clause of the company has to be defined.
Note: It should be ensured that company name does not resemble the name of any other already registered company and also does not violate the provisions of emblems and names (Prevention of Improper Use Act, 1950). You can easily check the name availability by using our company name search tool to verify the same.
For obtaining the license under Section 8 Company, Form INC-12 is required to be filed with the Registrar of Companies. Prior to issuance of Certificate of Incorporation for Section 8 company, approval letter under Section 8 of Part 1 i.e, License under Section(1) of the Companies Act, 2013 is issued from the Ministry of Corporate Affairs. Once the form is approved by the Central Government, ROC will issue a 6-digit Section 8 license number.
Post name approval, details with respect to registration of the company has to be drafted in the SPICe+ form. It is a simplified proforma for incorporating a company electronically. The details in the form are as follows:
SPICe e-MoA and e-AoA are the linked forms which have to be drafted at the time of application for company registration.
Memorandum of Association (MOA) is defined under section 2(56) of the Companies Act 2013. It is the foundation on which the company is built. It defines the constitution, powers and objects of the company.
The Articles of Association (AOA) is defined under section 2(5) of the Companies Act. It details all the rules and regulations relating to the management of the company.
Post approval of the above mentioned documents from the Ministry of Corporate Affairs; PAN, TAN & Certificate of Incorporation will be issued from the concerned department. Now, the company is required to open a current bank account by using these documents. You can contact us for assistance with your current bank account opening.
The total Registration fees of Section 8 Company is ₹8,499 including government Fees and professional fees.
Section-8 Company Registration | Registration Fees |
---|---|
✅ Digital Signature Certificate Fee | ₹3,000 |
✅ Government Fees(Stamp Duty) | ₹1,500 |
✅ Professional Fees | ₹3,999 |
✅ Total Cost | ₹8,499 |
Note - The above mentioned registration fees includes registration for 2 members with minimum Authorised capital of Rs 1,00,000, creation of DSC, Government Fees(Stamp Duty) and Professional fees.The Registration cost may vary if the number of members or the value of Authorised Capital is changed.
The process of Section 8 company registration is complicated and involves various compliances. Our experts at Professional Utilities can simplify the whole registration process for you. Register your Section 8 company online in 3 easy steps:
Step 1:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get your incorporation registered in 10 days
After successful registration of a section 8 company, you will be provided with the following documents.
Certificate of Incorporation Sample
Section 8 Company Sample Documents
PAN Card Sample Documents
TAN Sample Documents
AoA Certificate Sample Documents
MoA Certificate Sample Documents
DIN Certificate Sample Documents
DSC Sample Documents
EPFO Certificate Sample Documents
Master data Sample Documents
As per the Companies Act 2013, you need to provide proper identity and address proof to be submitted on the Ministry of Corporate Affairs (MCA) portal for Section 8 company registration.
On average, it takes around 10-14 working days to register a Section 8 company in India subject to document verification by the Ministry of Corporate Affairs (MCA).
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The companies registered under section 8 becomes eligible for various grants offered by the Government of India. Further, Section 8 Companies are also entitled to receive donations from the general public.
Those donating to a Section 8 Company are eligible for tax exemptions under 80G of the Income Tax Act.
There are many tax benefits for Section 8 companies in India.
The identity of the Section 8 Company and its directors are separate which means the entity will continue to survive, even if all the directors of the company become incompetent to carry on the business.
There is no requirement of minimum paid-up capital for the Section 8 Company registration.
Section 8 Company creates their own credibility in the market by holding the License issued by the ROC and the various kinds of activity undertaken by them.
The Registrar of Companies provides License to Section 8 Companies in Form INC-16.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
Section 8 company is a type of company which is established for Non-profit motive. To start a company that is engaged in social welfare objectives, section 8 company registration is required.
The required fee for Section 8 Company Registration in India is ₹
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including government fees as well as professional fees of Professional utilities.
To register a company in India, you need to hire a professional to get your section 8 company registered. Contact Professional Utilities for Section 8 company registration consultancy in India.
To register a section 8 company in India, it usually takes 7-15 working days subject to approval from the Ministry of Corporate Affairs.
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