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Section 8 Company Registration

Our Process

Procedure for online SECTION 8 COMPANY REGISTRATION in India

Stamp duty Vary State to State,  Additional charges will apply
* For NRI/Foreign Directors, Additional charges will apply

01

ONLINE SERVICES

We offers professional services 100% online, backed by an excellent customer support team. We assure you, with this huge network of services available at your doorstep, that you will find the ideal one for your requirements

02

AFFORDABLE PRICE

Trademark & Legal Hub is a company that offers affordable prices for their products. We also offer great customer service, and they are always happy to help their customers find the perfect product for their needs

03

4.8 CUSTOMER RATING

Trademark & Legal Hub is a top-rated business set-up company that offers a wide range of services to help entrepreneurs get their businesses off the ground. Services include business registration.

04

FAST SERVICE AND TIMELY DELIVERY

Trademark & Legal Hub is a company that provides fast service and timely delivery. We work hard to get your products to you as soon as possible. We understand that time is of the essence.

Documents Required for Online GST Registration

Only Scanned Copies are required

ID Proof

PAN Card of all directors along with Voter ID/ Passport/ Driving License

Address Proof

Latest Bank statement/ Electricity Bill/ Telephone Bill/ Mobile Bill not older than two months

Photo

Latest Passport Size Photograph

Registered Office Proof

Utility bill (not older than two months) and Notarized Rent agreement (in case of rented property)/ Registry Proof or House Tax Receipt (in case of owned property), No Objection Certificate (NOC) from the owner

What You Get

Section 8 Company Registration - An Overview

A company that operates without the intention of turning a profit is classified as a Section 8 company. Its main goals are not-for-profit and charity. Because they are registered under Section 8 of the Companies Act, 2013 (formerly Section 25 of the Companies Act, 1956), this kind of company is known as a Section 8 Company.

A Section 8 corporation is a not-for-profit kind of organization, in contrast to other legal structures like Partnership Firm Registration, Private Limited corporation, LLP, etc., which are primarily focused on turning a profit from the business.

According to the Companies Act, 2013, a Section 8 company is the one whose main objective is the promotion of fields such as social welfare, education, environment protection, research, arts, science, sports, commerce, religion, charity and other similar objectives. This type of company uses its profits towards the fulfillment of its cause and does not pay any type of dividend to its members.

Confederation of Indian Industries (CII) & Federation of Indian Chambers of Commerce and Industry (FICCI) are some of the famous examples of Section 8 Companies. These companies have the main objective of facilitating the growth of trade & commerce in India. We, at ExpertsAdvice , can help you in Section 8 CompanyRegistration.

Requirements for Incorporation of a Section 8 Company

The existence of such companies is based on the license granted to them. The 3 main conditions are as follows:

These businesses are prohibited from doing anything by the license. Even their Memorandum of Association (MoA) and Articles of Association (AoA) cannot be changed without the Central Government’s approval.

Features of a Section 8 Company

A Section 8 company has the following distinct features that other types of companies do not have:

Non-Profit Objective:

  • The primary purpose is to promote charitable activities, and any profits or income earned are utilized solely for the promotion of these objectives.
  • No dividend is paid to its members.

Formation:

  • Requires a minimum of two directors and two shareholders.
  • No restriction on the number of members.Members have no ownership rights and cannot sell their membership.
  • Can be formed as either a private limited company or a public limited company.
  • The incorporation process involves obtaining a license from the Central Government.

Name:

  • Unlike other companies, a Section 8 Company does not need to include “Private Limited” or “Limited” in its name.
  • However, the name should align with the company’s objectives and should not be misleading.

Limited Liability:

  • The liability of the members is limited to their shareholding, similar to other types of companies.

Transferability of Ownership:

  • Membership is not transferable, emphasizing the non-commercial nature of the company.

Dissolution:

  • In the event of dissolution, any remaining assets after settling debts cannot be distributed to members but must be transferred to another Section 8 Company with similar objectives.

Grants and Donations:

  • Eligible to receive donations and grants from both domestic and international sources, subject to compliance with Foreign Contribution Regulation Act (FCRA), if applicable.

Tax Benefits:

  • Section 8 Companies are eligible for various tax exemptions and benefits under the Income Tax Act, 1961, provided they comply with the stipulated conditions.
  • Donations to Section 8 Companies may also qualify for tax deductions for donors.

Privileges of a Section 8 Company

A Section 8 Company enjoys the following privileges:

  • Limited Liability
  • Multiple tax exemptions under the Income Tax Act’s Sections 80G and 12AA;
  • perpetual existence and distinct legal character;
  • absence of a physical presence requirement as the company can operate virtually
  • absence of a minimum capital requirement
  • Being licensed by the Central Government, Section 8 Companies enjoy higher credibility and recognition compared to other non-profit structures like trusts and societies.
    Exemptions from Stamp Dutyon their registration

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FAQs on Section 8 Company Registration online in India

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