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 Madhya Pradesh - Process & Fees,
Section 8 Company is a type of company that is registered under the Companies Act of the year 2013 with the main objective of carrying out charitable and social activities including education, medical care, environmental protection, rural development and research. However, there is a primary difference in this context, unlike other companies, a Section 8 Company doesn’t pass on the profits to the members. On the contrary, every penny of it is either reinvested to optimally deliver on its mission to create a positive impact in society.
Madhya Pradesh, the most populated state with larger rural areas and growing urban cities along with different types of social, cultural and economically-diverse population groups is quite suitable to establish non-profit organisations. Formation of Section 8 Company in Madhya Pradesh is beneficial because it gives legal recognition, tax exemption, credibility and permission to avail government and foreign funds. This is particularly advantageous for NGOs, charitable organizations, and organizations that are into the business of improving society.
The registration process of achieving incorporation involves seeking consent from the Ministry of Corporate Affairs (MCA), preparation of legal documents including the memorandum of association and articles of association and other formalities. Documentation and legal compliance correspond to the relevant rules and must be closely followed to ensure a proper registration process.
The Section 8 Company formation in MP also offers them a legal standing, credibility, an opportunity to seek funds and a chance to impact society positively through the numerous benefits that such a company has with regard to tax exemptions and government support.
Section 8 Company Sample Documents
Section 8 Company Registration Process in Madhya Pradesh
You can follow the given process to register your Section 8 Company in Madhya Pradesh in steps mentioned below:
- 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.
-
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 Madhya Pradesh
The total Registration fees for Section 8 Company registration in Madhya Pradesh is Rs 12,999 including Government Fees and professional fees:
| Section 8 Company Registration in Madhya Pradesh | Registration Fees |
|---|---|
| ✅ Digital Signature Certificate Fee | ₹1,000 |
| ✅ Government Fee(Stamp Duty) | ₹10,500 |
| ✅ Professional Fee | ₹3,999 |
| ✅ Total Cost | ₹15,499* |
Note - The above mentioned registration fees includes registration for 2
members with minimum Authorised capital of Rs 1,00,000, 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.
Charges applicable for DSC certificate would be paid directly to certifying agencies.
Note: The aformentioned Fees is exclusive of GST.
Also Check - State wise Registration Fees of Section 8 Company in India
Documents Required for Section 8 Company Registration in Madhya Pradesh
Section 8 Company Registration in Madhya Pradesh requires submission of Various documents on the MCA portal based on the guidelines issued by the Ministry of Corporate Affairs. Given below is the list of all the necessary documents required for Section 8 Company registration in Madhya Pradesh.
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
Post registration of your section 8 company in Madhya Pradesh, you will be provided with the following documents by Govt.
What is Section 8 Company Registration?
Section 8 Company associating with the Companies Act of 2013 is a non-profit entity that operates for the benefit of its members and any other person it selects. It is so constituted for charitable and social purposes like education, medical relief, environmental protection, sports, education, research, and development of villages. The Section 8 Company does not distribute profits upon distribution of profits among the members like other companies do. However, all the profits, as well as resources, are utilized in the delivery of organizational purposes abroad with social responsibilities.
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
Section 8 company registration in India is a great way to create a non-profit organization that is dedicated to promoting social welfare and community service, and access funding and grants that can help you make a real difference in society. Section 8 companies enjoy several tax benefits, which can help you save money and invest more in your social mission. Get your NGO Registration in Madhya Pradesh today.
To complete your Section 8 company registration in Madhya Pradesh, 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.
FAQ’s On Section 8 Company Registration in Madhya Pradesh
What is the Registration Fees of Section 8 Company in Madhya Pradesh?
The Registration fee for a Section 8 company Registration in Madhya Pradesh is Rs 15,499 which includes for minimum 2 members, 1 Lakh Authorised capital, Government Stamp duty as well as Professional Fees of Professional Utilities.
How to Register Section 8 Company in Madhya Pradesh?
To register a Section 8 company in Madhya Pradesh, 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 Madhya Pradesh?
To register a Section 8 Company in Madhya Pradesh 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 Madhya Pradesh?
Time Required for Section 8 Company Registration in Madhya Pradesh is 7-14 days.
.svg)
.svg)
