Section 8 Company Registration
Ideal business structure for NGO’s and Non Profit Organizations contact Us
Section 8 Company
Section 8 Company is an online platform that allows users to find “wares” they are looking for, as well as a variety of subscriptions and services. In addition to all the products and services available, Section 8 Company boasts a huge selection of the latest trends in technology. It intends to apply all it’s profits, income, or other earnings, in promoting these objects. Pays no dividend or income to its members. These are limited companies, which are registered under the Companies Act, and will be treated as limited companies without the phrase “limited” being added to their name. They may have been registered either as “private limited or public limited companies”. Section 25 Company (under Companies Act, 1956) is a prior version. Section 8 Companies are a legal form of “Non-Profit Organizations (NPOs) or Non-Governmental organizations (NGOs)”. A Section 8 Company has the authority to work anywhere in the country. It is their mission to provide Americans with all the necessary tools for personal growth, development, and happiness. To this end, their staff has been providing quality service for over 20 years by offering everything from office space rentals to writing classes. They are confident that you will enjoy your shopping experience at Section 8 Company!.Eligibility
Section 8 Company is created by those who do not wish to earn profit from this venture. Rather they want to dedicate themselves to improving a segment of the social structure. Other than the conditions laid down in it’s definition above, the following criteria must be fulfilled as well for registering a Section 8 Company:- Registration Under: Companies Act, 2013.
- License: License to be applied to MCA.
- Directors: A Minimum of “2 Directors for a Private Limited Company and 3 Directors for a Public Limited Company” must be there.
- Indian Resident:At least 1 director must be a resident of India, i.e., have stayed in India for a total period of not less than 182 days in the previous calendar year [(Section 149(3)].
- Subscribers to MoA:If the Company is proposed to be incorporated as a private company or a public company respectively, it’s MoA must have at least 2 or 3 subscribers.
- MoA & AoA: Decide about the name to be applied for, objects to be carried by the Company, planned registered office address, number of Directors and promoters, authorized capital, and number of shares to be subscribed by each promoter. They must mention the plan laid-out to meet your social objectives. The ROC (Registrar Of Company) is entitled to ask about it.
- Initial Capital:Whatever amount of initial capital has been proposed for the Company, it must get invested in the Company within 2 months.
- Property Management:The ownership of the property lies in the name of the Company and it can only be sold as per the rules mentioned under the Companies Act. (Ex: With the consent of the Board of Directors in the form of a resolution).
- Dissolution: The Section 8 Company may be wind-up only by following the bye-laws of the society. Upon dissolution and after settling all debts and liabilities, the funds and property of the society are not to be distributed among the members of the company. Instead, the remaining funds and property would be given or transferred to some other Section 8 Company, someone that has a similar object.
Section 8 Company Registration
The process and requirements of a Section 8 Company are exactly the same as laid down for a limited company, including all the rights and obligations that come with such a limited company. The only aspect where they differ is that a Section 8 Company cannot use the words “Section 8” or “Limited” in it’s name.- The process of registering a Section 8 Company is the same as of incorporating an NGO, Trust or Co-operative Society under the Companies Act 2013.
- Experts are available 24×7An additional requirement is there of seeking a license from the central government under Section 8 of the Companies Act, 2013.
- The license, essentially, permits them to delete Private/Public Limited from their name. With this license, the company becomes eligible for certain exemptions from the provisions of law and avail the benefit of concessions in the fee.
- If the proposed Section 8 Company has been registered as a private limited then a minimum of 2 directors are required. But if it is a “public limited Section 8 Company” then a minimum of 3 directors must be there.
Leciel Consulting Offers
Lecile Consulting offers to assist you in all matters of company registration. Let our expert team handle the complex procedure of completing papers, selecting and searching availability of the name, logo or trademark designing, trademark registration, etc. While you can concentrate on matters of business operations which require your attention. We will stand by with you through each and every stage of the incorporation procedure. For any queries on related topics, you can consult with the CA/CS here.
DIN for 2 Partners
Digital Signature For 2 Directors
Name search & approval
MOA/AOA
Registration Fees
Company PAN Card
Documents Required
For Directors/Shareholders
- Copy of PAN Card
- Aadhaar Card
- Address Proof (Bank Statement, Electricity Bill, Telephone Bill)
- 2 Passport Sized Photographs
For Registered Office
- Ownership Proof (House Tax etc.)
- Utility Bill (Electricity Bill, Gas Bill)
- NOC(from the owners – if the premises is rented)
Frequently Asked Questions
What is Section 8 Company Registration?
• The company should be formed for the promotion of a social cause. It may be charity, education, industry, sport, etc.
• Income and profits should be used for this purpose or object only.
• No dividend should be paid to its members.
How to register a Section 8 Company?
A Section 8 Company is at first to be registered in the same manner as a limited company. After this registration procedure, it needs to obtain a license from the Central Government to be registered under this Section. This license is provided on the basis of the Section 8 Company Registration objectives which have been mentioned in MoA and AoA and some other criteria.
How much fees is to be paid for a “Section 8 Company Registration”?
Our fees to register a Section 8 Company starts from only Rs.12,999. Being the lowest fees charged, for the long list of services and counselling provided. The applicable fee, vary from company to company, depending on the structure and other factors.
What is the process of Section 8 Company Registration?
The main goal of Leciel Consulting is to give you a hassle-free experience. Therefore, the process to get your Section 8 Company has been simplified too.
What documents are required for Section 8 Company Registration?
Below documents are needed for the registration of the Section 8 Company:
• DSC & DIN of the Directors.
• Director’s ID proof and Address proof.
• Objectives and projected work of the Company.
• Financial statements like assets and liabilities, the proposal for 3-years, etc.
• Registered office address documents.
Can a Section 8 Company be converted into a private limited company?
Yes. A Section 8 company can be converted into a private limited company after taking approval from ROC.
Can the promoters of a Section 8 Company be employees as well?
No. A promoter of an NPO cannot be a paid employee of the Company.
Process after taking Expert Tax Filing Service
After taking the service online
- 1Our team will check the documents uploaded and re-price the service if necessary
- 2If re-pricing is necessary, we will send a custom paylink for the remaining balance amount.
- 3Your case gets allocated to an expert
- 4Our team will share the Draft Tax Computation document (in PDF format)
- 5Collect feedback from eMail and incorporate
- 6Request final approval to efile
- 7eFile your Taxes or Notice resolution
- 8You will be completing the eVerification if needed
Contact Us