Section 8 Company is a company that falls under a non-profit Company and is registered under the Companies Act of 2013 in India. It is to be used to carry out the society’s charitable and social activities including, education, health care, environment and conservation, poverty eradication, rural development, and women’s upliftment. Contrary to most other companies, a Section 8 Company does not permit the distribution of profits to its members. All the funds retained are therefore utilized for achieving the organization's social goals.
Odisha has a social and cultural background and being a development-oriented state should have many opportunities for it can make NGOs and charitable organizations that are interested in community development functions here. There are several benefits of registering a Section 8 Company including legal status, tax saving, credibility and government and foreign funding in Odisha. This structure is perfect for any association with the mission of enhancing the quality of people’s lives in the state.
The incorporation process requires getting approval from the Ministry of Corporate Affairs (MCA), preparing Memorandum of Association (MoA) and Articles of Association (AoA), and fulfilling legal requirements. Also, the procedure of registration is closely connected with documentation and the following of the laws.
Section 8 Company Sample Documents
Table of Content
Section 8 Company is a type of company formed under the Companies Act of 2013 in India which is not for profit-making purposes. It is established for example for charitable purposes; carrying our educational, health, National welfare, environment, poverty alleviation, or any sports-related purposes. Unlike other trading companies, Section 8 Company does not distribute profits to the members of the company. Unfortunately, all the revenues that are generated inclusive of the earnings from this site and other donations are used for the achievement of the social purpose of this organization.
Several benefits can be availed from registering this particular type of company such as tax relief, legal status, credibility mainly among non-governmental organizations, social entrepreneurship, and charities, as well as an opportunity to access government and private funding. The corporation is regarded to be more reliable than trusts and societies as it operates with adherence to a variety of regulations.
In registering for Section 8 Company, the permission of the Ministry of Corporate Affairs ( MCA) is mandatory sand implemented by the Memorandum of Association (MoA) and Article of Association (AoA).
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:
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.
Learn How to apply for Section 8 company registration? Given below is the complete registration process of Section 8 company in Odisha, you can follow the process to register your Section 8 Company in Odisha 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.
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:
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
Given below is the list of all the necessary documents required for Section 8 Company registration in Odisha.
Identity and Address Proof of Directors/Shareholders
Address Proof of Registered Office
Read More - Documents Required for Section 8 company registration
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
The total Registration fees of Section 8 company registration in Odisha 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 Odisha | Registration Fees |
|---|---|
| ✅ Digital Signature Certificate Fee | ₹1,000 |
| ✅ Government Fee(Stamp Duty) | ₹3,500 |
| ✅ 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
Conclusion
By registering your non-profit venture as a section 8 company in India, you can create a legally recognized entity that is dedicated to promoting charitable and social causes, and access funding and grants that can help you make a meaningful impact in society. Additionally, section 8 companies are subject to greater transparency and accountability requirements, which can help you build trust with potential partners, donors, and beneficiaries. Get your Section 8 Company registered in Odisha today.
To complete your Section 8 company registration in Odisha, 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.
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The Registration fee for a Section 8 company Registration in Odisha 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.
To register a Section 8 company in Odisha, 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.
To register a Section 8 Company in Odisha you need to provide with some of the basic documents such as Aadhar Card, PAN Card, Rent agreement, Address proof of Registered office.
Time Required for Section 8 Company Registration in Odisha is 7-14 days.
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