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 Mizoram - Process & Fees,
A Section 8 Company also known as a Nonprofit company under the Companies Act, 2013 such type of company involved in social welfare activities and some legal obligations such as charitable activities, education, healthcare, cleanliness and environmental projects, women and child upliftment, poverty relief works and rural development. It operates quite dissimilar from other business entities because it has no provision for sharing profits with the members as per Section 8 of the Companies Act. Consequently, all the incomes and earnings accrued belonging to the organization serve the social function/mission.
Mizoram is culturally a conservative place and is highly successful in community-based development hence has the right political and cultural background for a non-profit organization. This gives the Section 8 Company in Mizoram legal status that helps it to have many advantages such as easy government and foreign funding, tax relief,f, and credibility. This involves having a company structure that is best suited to non-profit organizations, charitable organizations as well as other forms of social enterprises in a society with a view of wanting to improve the standards of living of the people in the society.
It includes preferential approval from the Ministry of Corporate Affairs(MCA), filing necessary documents like memorandum of Association and Article of Association, and legal compliances. It is quite relevant as proper documentation and compliance with statutory norms are necessary for efficient registration.
Section 8 Company Sample Documents
Section 8 Company Registration Process in Mizoram
Learn How to apply for Section 8 company registration? Given below is the complete registration process of Section 8 company in Mizoram, you can follow the process to register your Section 8 Company in Mizoram 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 Mizoram
The total Registration fees of Section 8 company registration in Mizoram 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 Mizoram | 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.
Also Check - State wise Registration Fees of Section 8 Company in India
Documents Required for Section 8 Company Registration in Mizoram
Given below is the list of all the necessary documents required for Section 8 Company registration in Mizoram.
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 type of company, which is not for the pursuit of profit, it is registered under the Companies Act of India, 2013. It is launched for charitable and social purposes like education, medical purposes, protection of the environment, eradication of poverty, women's upliftment, sports, and research. As a result of this, the primary regulation governing Section 8 Company is that it is unlawful to distribute profits to the members. That way, all specific earnings are utilized to meet the objectives of the organization.
Such a type of company has several advantages - it has a tax-exempt status, legal status, credibility, and funding from both the government and private sources. It is preferred to other Non-profit organizations such as charity trusts and societies because the latter have legal practices.
Section 8 Company can only be registered after getting approval from the Ministry of Corporate Affairs (MCA) and the incorporation documents including Memorandum of Association (MoA) as well as Articles of Association (AoA). This structure is good for NGOs, charitable institutions, and social business entities as they shall be in a position to operate legally in society.
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
Section 8 company registration in India is the ideal choice for social entrepreneurs who want to create a positive impact on society. By registering your non-profit venture as a section 8 company, you can prioritize your social mission and access funding and grants that can help you scale your impact. Get your Section 8 Company registered in Mizoram today.
To complete your Section 8 company registration in Mizoram, 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.
Apart from Section 8 Company registration in Mizoram, we also provide NGO Registration in Mizoram services to help you choose the most suitable structure for your organization.
FAQ’s On Section 8 Company Registration in Mizoram
What is the registration Fees of Section 8 Company in Mizoram?
The Registration fee for a Section 8 company Registration in Mizoram 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 Mizoram?
To register a Section 8 company in Mizoram, 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
Mizoram?
To register a Section 8 Company in Mizoram 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
Mizoram?
Time Required for Section 8 Company Registration in Mizoram is 7-14 days.
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