Section 8 company Registration

Section 8 Company Registration promotes social welfare, sports, education, and aiding lower-income groups. Eligible for individuals, HUFs, & limited firms. Get benefits by fulfilling criteria.

  •  At least one Indian resident director.
  • Eligible entities: Individuals, HUFs, & limited companies..
  • Social welfare objective: sports promotion, education support, or aiding lower income groups.
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Your Section 8 Company Registration with Sk filling

We have simplified the process for you and can be done online with NGOExperts in 3 simple steps:

Step 1

First, we'll have a consultation with you to assess your NGO's needs & determine which services are necessary.

Step 2

Next, we'll guide you through the paperwork & legal requirements needed to register your organization.

Step 3

We'll work with you to ensure that your NGO is in compliance with all applicable laws & regulations, & ready to make an impact.

What Is Section 8 Company Registration full details

Section 8 Certificate

Introduction

 

Section 8 Company Registration is the legal process of forming a non-profit organization (NGO) under the Companies Act 2013. This registration allows an organization to function as a company with limited liability while operating for the sole purpose of promoting commerce or implementing activities that benefit society..

 

Section 8 Companies are organizations that aspire to undertake social & charitable activities without seeking to make a profit. These companies are registered under a specific section of the Companies Act, which provides exemptions, licenses, & privileges to such organizations.

 

The process of registration of a Section 8 Company requires completing certain formalities, such as drafting legal documents, obtaining digital signatures, filing, & approval.

 

Availing registration under Section 8 is a crucial step in the journey of an NGO towards making a meaningful impact on society. Our team of legal experts can assist you in the process to ensure a smooth registration experience so that you can focus on your mission of social welfare.

 

Benefits of Section 8 Company

 
  • ● Enjoys higher credibility than other charitable organizations, enhancing donor trust.
  • ● Zero stamp duty imposed on incorporation in India & further saves on registration costs.
  • ● Allows partnership registrations to become members & obtain Directorship.
  • ● Effortless tax benefits under Income Tax Act’s Section 12AA & 80G, for greater financial efficiency.
  • ● Acquires a separate legal entity from its members & safeguards against legal liabilities.
  • ● Donors receive exemption under Section 80G if registered under the same section.
  • ● No obligation for minimum paid-up capital that provides flexibility in operations.
 

Eligibility of Section 8 Company Registration

 
  • ● One director should be a resident of India or a firm may be a member of the registered company.
  • ● Individuals, HUFs, & limited companies are eligible to register.
  • ● Objective must be for social welfare, sports promotion, education support, or aiding lower income groups.
  • ● A three-year project plan & vision must be defined for the company.
  • ● Two or more persons as shareholders or directors must comply with Section 8 Company requirements.
  • ● Profits can only be used towards the core objective of the company. Surplus can’t be distributed to stakeholders.
  • ● Neither members nor directors can receive profits, either directly or indirectly. These earnings must serve the company’s purpose.
  • ● Founders, directors, & members aren’t permitted to receive remuneration, assuring that all profits go towards social causes.
  • ● The members or shareholders must not have any personal financial interest in the company.
  • ● A Section-8 company must prefix “Foundation”, “Association”, “Society”, “Council”, “Club”, “Charity”, “Institute”, “Organisation”, “Federation”.
 

Online Section 8 Company Registration Process

 

The Indian Companies Act, 2013, provides for online registration of Section 8 companies, which has made it easier & quicker for entrepreneurs to establish non-profit organizations for good causes. The step-by-step instructions for Section 8 Company Registration Online Process:

 

Step 1: Digital Signature Certificate (DSC) & Director Identification Number (DIN)

 

To initiate the registration process, the first thing required is to obtain a Digital Signature Certificate (DSC) & Director Identification Number (DIN) for all proposed directors of the Section 8 company.

 

Step 2: Name Reservation

 

The proposed name for the online registration of Section 8 company should be unique & not similar to any existing company. The applicant must apply to reserve the proposed name via the RUN (Reserve Unique Name) form. On approval of the name, the applicant gets a name reservation certificate, which is valid for 20 days from the date of approval.

 

Step 3: Requisite Documents

 

The following documents need to be prepared & filed with the Registrar of Companies (ROC) for Section 8 company registration online:

 
  • ● Memorandum of Association (MOA) & Articles of Association (AOA) of the company
  • ● Declaration of the applicant in Form INC – 14
  • ● Declaration of the proposed directors in Form INC – 9 & other forms
  • ● Residential proof of the proposed directors
  • ● Address proof of the registered office of the company
  • ● Other relevant documents (discussed below)
 

Step 4: Submit Application & Pay Fees

 

After obtaining the name reservation certificate & preparing the necessary documents, the application for company registration under Section 8 must be submitted online on the MCA (Ministry of Corporate Affairs) portal. Select the Spice+ form option under the Service section & complete the requirements. The requisite Section 8 company registration fees must be paid online.

 

Follow the official documentation link & get all the insights instantly. For any queries, NGOExperts is always here to help.

 

Step 5: Verification & Approval

 

As the documents are processed & approved, the ROC will issue a certificate of registration. Congratulations! You are now a registered Section 8 company in India.

 

The registration process for a Section 8 company can be quite challenging, especially if you are new to the legalities involved. This is why seeking professional assistance from NGOExperts is wise.

 

They are qualified in the field & can guide you through the registration process with ease, ensuring that all the documentation & legal requirements are taken care of. So, don’t hesitate to seek guidance from them for a smooth & seamless registration process.

 

Documents Required for section 8 company registration

 

Before you begin the section 8 company registration process, it is important to ensure that all the documents are ready & available. List of some essential documents include:

 
  • ● PAN Card of Directors & Shareholders: Every director & shareholder must have a PAN card for registration.
  • ● Aadhaar Card: Directors & shareholders must submit their Aadhaar card as proof of identification.
  • ● Latest Bank Statement: A recent bank statement is required as proof of address for all directors & shareholders.
  • ● Voter ID/Passport/Driving License: One of these documents is mandatory for the identification of directors & shareholders.
  • ● Passport Size Photograph: Each director & shareholder must submit a passport size photograph.
  • ● Rental Agreement: In case the registered office is on rent, a copy of the rental agreement must be provided.
  • ● DSC & DIN of Directors: All directors must obtain a Digital Signature Certificate (DSC) & Director Identification Number (DIN).
  • ● Objectives & Proposed Work: The Section 8 Company must provide a detailed plan of proposed activities & objectives of the business.
  • ● Financial Statements: The company must submit financial statements like assets & liabilities, & a five-year projection. This is to ensure adequate funding for the company’s operations.
 

Why Choose NGOExperts?

 

As a leading service provider in NGO registrations, NGOExperts brings a wealth of expertise & experience to the table. We offer Section 8 company registration services & a variety of other registration options to help organizations establish themselves & make a meaningful impact.

 
  • ● Expertise & Experience Our team of experienced professionals provides expert guidance on all aspects of running an NGO, from registration to compliance.
  • ● Tailored Solutions We are a people-focused organization & go the extra mile to understand your unique requirements & provide customized solutions.
  • ● Timely Delivery With our assistance, you can complete the registration process quickly & without any hassle, allowing you to focus on your NGO’s cause.
  • ● End-to-end solutions: We offer end-to-end solutions, from legal registration to fundraising, so that you can focus on your mission without worrying about administrative hassles
  • ● Competitive Pricing : Our track record of success & high customer satisfaction make us a reliable partner for your NITI Aayog NGO registration needs.
  • ● Accountability Our mission is to empower non-profits to create a positive social impact, & we are driven by our passion for philanthropy.
 

With our all-inclusive section 8 company registration services, you can focus on your mission while we handle the paperwork. Trust us to help your organization thrive.

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