Section 8 Company Registration
Section 8 Company Registration
Years of Experience
What’s Included?
Company Name Approval Company PAN & TAN Company Master Data DSC with Token Post Incorporation Documents & DSC Dispatch Support Incorporation Certificate PF & ESIC Registration Section 8 License, AOA & MOA Bank Account Opening Support Dedicated Incorporation Manager
Section 8 Company Registration in Goa - Process & Fees,
A Section 8 company is incorporated under the Companies Act 2013 and is a non-profit-oriented company with the aims and objectives of promoting charity activities including education, healthcare, protection of the environment, social welfare, art, sports, and research activities. It means that different from other business structures, its profits cannot be distributed to the members since the Section 8 Company must reinvest all the profits towards the objectives of the Company.
Goa is culturally vibrant and progressive on the business front, making it a favorable location for the location of non-profit making organizations. All registered Section 8 Companies in Goa have legal existence, credibility, and tax exemption under the Income Tax Act, and are open to avail the government grants/foreign funding.
It includes seeking temporary approval from the Ministry of Corporate Affairs (MCA), preparing the Memorandum of Association/Memorandum of Incorporation and Articles of Association/Bye Laws and other statutory compliances. In terms of market entry and registrations legal requirements should be met and documented properly.
Through Section 8 Company in Goa, /the Social NGO and the Social Entrepreneurs can operate under certain legal provisions and can build the confidence of the public along with mobilizing the funds for that particular cause organization. According to the current scenario, it is clearly stated that how an organization can bring positive change in society while leading to numerous legal and financial benefits.
Section 8 Company Sample Documents
Section 8 Company Registration Process in Goa
Learn How to apply for Section 8 company registration? Given below is the complete registration process of Section 8 company in Goa, you can follow the process to register your Section 8 Company in Goa within a few days:
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Step 1: Apply for Digital Signature Certificate
The registration process of section 8 company begins with the application of Digital Signature Certificates. A DSC or Digital Signature Certificate is a type of certificate which works as a proof of identity for signing online forms or used in the company registration process. Application process of DSC is completely online and it can be availed from the concerned authorities within 24 hours of application. Once the DSC is received, Form DIR-3 is to be filed with ROC for getting a DIN( Directors Information Number) from the ministry.
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Step 2: Apply for a unique Business Name
To register a section 8 company, a unique name has to be approved by the concerned authority and the process of checking the name availability is completely online through a web application called Reserve Unique Name(RUN), introduced by the Ministry of Corporate Affairs to reserve a unique name for your Section 8 Company.
You can also use our Name Search tool to check for the name availability.
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Step 3: Apply for Section 8 company License
To register a Section 8 Company, you need to then fill Form INC-12 and submit it to the registrar of the company. This is a very important step as before getting a certificate of incorporation, you need to get License from the Ministry of Corporate Affairs under Section( 1 ) of the Companies Act, 2013. Post approval of the Form from the ministry, you will be issued a 6 digit Section 8 license number.
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Step 4: Filing of SPICe Form (INC-32)
The next step after getting DSC, and Section 8 company license, is to file a SPICe form, which is a proforma for getting your Section 8 company incorporated online. The details that you need to fill in the form are given below:
- Details of the Company
- Details of Members and Subscribers of MoA and AoA.
- Application for Director Identification Number(DIN)
- Application for PAN and TAN
- Declaration by Directors and subscribers
- Declaration and certification by Professional
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Step 5: Filing of e-MoA(INC-33) and e-AoA(INC-34)
The SPICe, eMoA, and eAoA are important forms which are required to be filed while applying for the Section 8 company incorporation. MoA is defined under Section 2(56) of the Companies Act, 2013 and MoA defines the powers and objectives of any company whereas AoA is defined under Section 2(5) of the Companies Act, 2013 in which internal structure and rules and regulations of the management is defined.
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Step 6: Issuance of Certificate of Incorporation
The final step after approval of the documents is issuance of the certificate of incorporation by the Ministry of Corporate Affairs. After getting the certificate, the company needs to open a current bank Account for the company within 2 months of getting the incorporation certificate.
Read this - NGO Registration Complete Process and Fees
Registration Fees for Section 8 Company in Goa
The total Registration fees of Section 8 company registration in Goa is Rs 7,499, including Govt Fees and Professional fees of Professional Utilities.
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).
| Section 8 Company Registration in Goa | Registration Fees |
|---|---|
| ✅ Digital Signature Certificate Fee | ₹1,000 |
| ✅ Government Fee(Stamp Duty) | ₹2,500 |
| ✅ Professional Fee | ₹3,999 |
| ✅ Total Cost | ₹7,499* |
Note - The above mentioned state wise registration fees includes
registration for 2 members with minimum Authorised capital of Rs 1,00,000, Government Fees(Stamp
Duty) and Professional fees.
The fees may vary if the number of members or Capital is increased or decreased.Charges applicable
for DSC certificate would be paid directly to certifying agencies.
Charges applicable for DSC certificate would be paid directly to certifying agencies.
Also Check - State wise Registration Fees of Section 8 Company in India
Documents Required for Section 8 Company Registration in Goa
Given below is the list of all the necessary documents required for Section 8 Company registration in Goa.
Identity and Address Proof of Directors/Shareholders
- Passport size photographs of the directors
- Copy of Aadhar Card
- Copy of PAN Card or Passport (in case of foreign national or NRI)
- Copy of latest bank statement and utility bill
Address Proof of Registered Office
- Copy of electricity/water/gas bill (not older than two months)
- Rent agreement with Aadhar card and PAN card of owner
- Property Tax Receipt / Sale deed / POA
- No Objection Certificate (NOC) from the owner of the property
- 3 GPS Based Photograph of Registred office
Read More - Documents Required for Section 8 company registration
Documents We Will Provide after Registration
After successful registration of a section 8 company, you will be provided with the following documents.
What is Section 8 Company Registration?
A Section 8 Company is one of a kind of registered non-profit organization which has been registered under the Companies Act, 2013 in India. It is created to carry out charitable purposes such as education, health, environment, social, and other public purposes. Unlike regular business organizations, Section 8 Company cannot work to generate profits for the owners. As such all the money generated goes towards the funding of such missions and other activities.
As this type of company affirms some advantages like tax exemption, legal acknowledgment, and reputation it is most suitable for usage by NGOs, trusts, and charitable organizations. As per regulation under the Ministry of Corporate Affairs (MCA), the Section 8 Company needs to obtain the permission of the said authority the documentation process must be completed
Section 8 of the Companies Act allows organizations to legally collect funds, approach for grants, and garner public confidence while making a social contribution.
Advantages of Section 8 Company
Section 8 companies, also known as not-for-profit companies, are registered under Section 8 of the Companies Act, 2013. These companies have the following advantages:
- Charitable Objectives: The primary objective of a Section 8 company is to promote art, commerce, education, charity, religion, and other such social welfare activities. The company can undertake any legal activity that falls under this category, without the intention of making profits.
- Tax Benefits: Section 8 companies are eligible for tax exemption under Section 12A and 80G of the Income Tax Act, 1961. This means that the company does not have to pay taxes on its income, and donors who contribute to the company are eligible for tax deductions.
- Limited Liability: Section 8 companies have limited liability, which means that the members or shareholders are not personally liable for the debts of the company. Their liability is limited to the amount of shares they hold in the company.
- Perpetual Existence: Section 8 companies have perpetual existence, which means that the company continues to exist even if the members or shareholders change. This ensures that the social welfare activities of the company are not affected by changes in ownership.
Overall, the Private Limited Company structure offers several advantages that make it a popular choice for small and medium-sized businesses looking for limited liability and access to capital.
We offer three packages depending on what you need on Day 1 after incorporation. Prices below are Professional Utilities' all-inclusive fees (government + professional) and are GST-exclusive.
₹9,499
- Incorporation Certificate
- DSC for Partners
- DSC for 2 Directors
- DIN for 2 Directors
- Stamp Duty Charges
- PAN & TAN
- Company Master Data
- MOA & AOA
- EPF Certificate
- ESIC Certificate
₹16,499
- Basic Plan+
- GST Registration
- Auditor Appointment
- Commencement of business
- Issuance of Share Certificate
- MSME Registration
₹46,499
- Standard Plan+
- Annual Compliances
- Trademark Registration
- CSR-1 Registration
- 12A & 80G Registration
- Current Account Opening Support
Conclusion
A Section 8 company Registration is the best way to give service to the society and devote yourself in the welfare activities. To get your Section 8 company Registration in Goa, you need to submit all the aforementioned documents along with the required registration fees on the MCA portal and then wait for the document verification and approval.
If you need any assistance in incorporating your Section 8 company in Goa, we can help you get your incorporation effortlessly and easily
Along with Section 8 Company registration in Goa, we also provide NGO Registration in Goa services to help you choose the most suitable structure for your organization.
FAQ’s On Section 8 Company Registration in Goa
What is the registration Fees of Section 8 Company in Goa?
The Registration fee for a Section 8 company Registration in Goa is Rs 7,499 which includes for minimum 2 members, 1 Lakh Authorised capital, Government Stamp duty as well as Professional Fees of Professional Utilities.
How to get Section 8 Company registration in Goa?
To Register a Section 8 Company in Goa, you need DSC, a Unique Business Name, file Form, Section 8 License, Form SPICe INC - 32, INC-33, INC-34, and the get Incorporation Certificate. Register with Professional Utilities.
What documents are required for Section 8 Company Registration in
Goa?
To register a Section 8 Company in Goa you need to provide with some of the basic documents such as Aadhar Card, PAN Card, Rent agreement, Address proof of Registered office.
What is the time required for Section 8 Company Registration in Goa?
Time Required for Section 8 Company Registration in Goa is 7-14 days.
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