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 Karnataka - Process & Fees,
A Section 8 Company is a company that is registered under the Companies Act of India 2013 mainly to carry out charitable and other social welfare activities such as promoting education, health facilities, protection of the environment, rural development, sporting activities, and research work. It is different from other companies as it does not appropriate profit in its members as per Section 8 of the Companies Act. Nonetheless, all kinds of earnings are retained to support the achievement of its charitable goals.
Karnataka which boasts of having a progressive economy and liberal policies for industries is perhaps one of the best places for the establishment of such non-profit making organizations. The benefits of registering Section 8 Company in Karnataka include legal status, relief under income tax, trust and belief among the clients as well as eligibility for receiving grants and foreign funding. This makes it a perfect fit for NGOs, social businesses, and other non-profit organizations endeavoring towards the welfare of society.
It includes seeking consent from the Ministry of Corporate Affairs (MCA), preparing and preparing legal documents like Memorandum of Association (MoA) & Articles of Association (AoA), and other legal compliances as per the provisions of the Act. Legal formalities are important for proper documentation in any process and hence registration process needs legal formalities.
Section 8 Company Sample Documents
Section 8 Company Registration Process in Karnataka
Learn How to apply for Section 8 company registration? Given below is the complete registration process of Section 8 company in Karnataka, you can follow the process to register your Section 8 Company in Karnataka within a few days:
- 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.
- 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.
- 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
- 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.
- 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 Karnataka
The total Registration fees of Section 8 company registration in Karnataka is Rs 15,999, 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 Karnataka | Registration Fees |
|---|---|
| ✅ Digital Signature Certificate Fee | ₹1,000 |
| ✅ Government Fee(Stamp Duty) | ₹11,000 |
| ✅ Professional Fee | ₹3,999 |
| ✅ Total Cost | ₹15,999* |
Note: The aforementioned Fees is exclusive of GST.
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.
Also Check - State wise Registration Fees of Section 8 Company in India
Documents Required for Section 8 Company Registration in Karnataka
Given below is the list of all the necessary documents required for Section 8 Company registration in Karnataka.
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 an organization that is not for making a profit and is covered under the Companies Act, 2013 in India. The not-for-profit organization is established to perform charitable and social causes including educational, healthcare, environmental, art, sports facility, and research. It is important to note that Section 8 Company does not practice the distribution of profits among the members in a manner like how other companies do. This means that all accruals are spent solely towards the company’s social goals.
Some of the benefits that a Section 8 Company holds are the legal status it provides, tax benefits it offers, the high credibility that the Companies Act affords for such a company, and chances to apply for government and foreign-funded projects. It is considered more reliable and established as compared to other non-profit organizations such as trusts and societies.
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
- 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 Karnataka, 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 Karnataka, we can help you get your incorporation effortlessly and easily
In addition to Section 8 Company registration in Karnataka, we provide NGO Registration in Karnataka services to assist you in choosing the right legal structure for your non-profit organization.
FAQ’s On Section 8 Company Registration in Karnataka
What is the registration Fees of Section 8 Company in Karnataka?
The registration fee for a Section 8 company registration in Karnataka is Rs 15,999 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 Karnataka?
To get your Section 8 Company registered in Karnataka, you need to submit all the valid documents which should include proof of identity and proof of address of the members along with the registration fees for Section 8 company registration in Karnataka which will include Government Fees as well as Professional Fees.
What documents are required for Section 8 Company Registration in Karnataka?
To register a Section 8 Company in Karnataka 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 Karnataka?
The usual time taken by the ministry to validate all the required documents and provide you with the certificate of incorporation is around 7-10 working days. Provided you submit all the documents correctly.
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