Section-8 Company (NPO) Registration
With Firm Registration
- Ideal for charitable purpose
- For Non-Profit Organisation/NGO
- Simple & Secure Online Process
- Dedicated Professional
- Get Registration in 5-7 Days
- Get Post Incorporation Assistance
Get Quote Instantly in a Minute
Introduction of Section-8 Company(Not for Profit Organisation)
Section 8 company is incorporated with an object to promote commerce, art, science, sports, research, education, religion, protection of environment, charity or any other object, who intends to apply their income and profits in promoting their objects and prohibits the payment of dividend to its members. Section-8 Company can be incorporated as a Private or Public Company.
Section 8 Companies are similar to a Trust or Society as the Societies and Trusts are registered under the State Government regulations whereas Section 8 Company is registered under the Central Government’s “Ministry of Corporate Affairs (MCA)”. Being recognized centrally Section-8 Companies/NPOs have higher credibility amongst the stakeholders and donors.
Advantages of Section-8 Company
Minimum Requirements
- Minimum Two Directors and maximum Fifteen
- No minimum capital requirement
- Minimum two Members
- Director Identification Number if available
- Digital Signatures of Subscriber and Directors
- Non-profit objective i.e. charitable object
Documents Required for Incorporation
PAN Card
of the Member and Directors of the proposed Company Passport in case of Foreign Nationals
Identity Proof
of the Member and Directors of the proposed Company; (Aadhar /Voter ID/Driving License/Passport)
Address Proof
of the Members and Directors (Utility Bill/Telephone Bill/Mobile Bill/Bank Statement not older than two months)
Latest
passport size photograph of Member and Directors
Business Address Proof Owned Property
(Copy of Registry and Latest Govt. Electricity Bill or Water Bill)
Business Address Proof Rented/leased
Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill)
Process of Incorporation of Section - 8 Company
1. Complete the Application Form
2. Document Processing
3. Application for DSC
4. Name Availability
5. E-filing for incorporation of a Company
6. Get Certificate of Incorporation
More Insights on Section-8 Company Registration
How to Select the Name of Company
- You can check Company name availability thereby logging into MCA where you need to keep in mind two or three available options along with the activity type. The name of Section-8 Company should have words like Association, Society, Council, Club, Charities, Foundation, Academy, Institute, Organization, and Federation. Our team will assist you in the selection of name of company.
- Also, along with checking the name availability we also need to check the trademark if already registered under the proposed name which makes the online application for registration more powerful. If you want to have a trademark of your word or logo you can get the same through Firm Registration by clicking on the below mentioned link Trademark Registration.
Other Key Points
- If the proposed Director is already having the DIN then you can also check whether DIR-3 KYC is completed. You can verify the same with the help of our experts. if the same is not done yet it can be done with help of Firm Registration.
- Section-8 Companies can register themselves under Section 12AA in order to claim any tax exemption. Also under 80G, the donor will also be eligible to take exemption while filing his IT Return. The registration under 80G/12AA can be applied for after 3 years of incorporation.
- Section -8 companies are prohibited for payment of any dividend to its Members
- Section-8 Company is not allowed to raise capital through deposits except donations from general public. Foreign Donations are allowed after following the norms and regulations laid under FCRA. In order to take registration under FCRA the company must be 3 years old.
Register your Section-8 Company ₹ 12,000/- only
- 2 Digital Signature Certificates
- INC 20A Commencement of Business Certificate
- Company Incorporation using SPICe+
- MOA & AOA
- Free consultancy by expert CA for 6 months
- ESI and PF Registration
- 2 Director Identification Numbers
- Stamp duty on INR 1 Lakh Authorized Capital (Rajasthan)
- Bank Account Open
- PAN/TAN
- 1 Name Approval Application
FAQs on Section-8 Company
The annual compliances that are required to be met by Section 8 Company are the same as other companies incorporated under the Companies Act, 2013 which are as follows:-
- Conducting 2 Board Meetings, at least, in a year.
- Mandatory audit of the Books of Accounts.
- Annual returns, along with other e-filing forms such as MGT-7, AOC-4, etc.
- Income tax returns.
- Additional compliances that are required to fulfill is the registration u/s12AA, 80G, of the Income Tax Act, applicable to donations, etc.
The section-8 Company receives the License as soon as it is registered by the ROC in MCA and under the Registrars through e-mail.
Yes, they can become a Director post obtaining the Director’s Identification Number but one Director needs to be an Indian Citizen and resident.
Yes, Section -8 Company can raise funds from foreign after complying with the guidelines as prescribed by FEMA and FCRA.
License under Section- 8 defines that the Company is registered and incorporated with the object to promote charity and other social objectives thereby developing the cultural, health values etc.
The Benefits of deduction 80G and Section 12 A can be availed within a period of 3 years from the date of registration and with due compliances of the rules and regulations mentioned in the Act.
No Section-8 is prohibited from declaring dividends to its Members.
Yes, a Section-8 company can make investment in other companies subject to fulfillment of its objectives.