Section 8 Company Registration

The Companies Act of 2013 makes it possible to register a corporation under Section 8 of the Act. The primary objectives of Section 8 corporations are to promote the arts, commerce, and other forms of entertainment. Section 8 company registration is advantageous since it provides several advantages such as tax advantages, free stamp fee, and increased credibility.

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Section 8 Registeration

Section 8 Company Registration - An Overview

A Section 8 company, as defined by the Companies Act of 2013, or a Section 25 company, as defined by the Companies Act of 1956, is an entity formed with the goal of promoting the fine arts, science, literature, or information exchange for a charitable purpose. The Corporations Act establishes limited liability companies (LLCs). Under Section 8 of the Companies Act, the government provides certain businesses with an exclusive license. There are three primary requirements for obtaining a license.

    • The corporation should be established for philanthropic purposes.
    • Profits and income should be used towards these goals.
    • The corporation should not provide any dividends to its shareholders.

How To Register A Section 8 Company?

Step 1

Selecting the Right Entity

We answer all of your questions about entity selection and help you find the best one for you.

Step 2

Online Documentation

We assist you in completing the whole filing and registration procedure.

Step 3

Registration

We will do Section 8 Company Registration and manage all of the necessary paperwork.

Documents Required

    • Articles of Association (also known as the AOA) and Memorandum of Association (MOA).
    • The initial director(s) and a subscriber(s) make a joint declaration (Affidavit not required).
    • Proof of office address
    • Utility bills (e.g., electric, water, or gas) must be copied.
    • Copies of a foreign corporate body’s certificate of incorporation (COI) (if any).
    • The promoter company approved a resolution.
    • Nominee Consent (INC–3).
    • Nominees and subscribers must provide proof of residency and identification.
    • The applicant’s identification as well as evidence of residence are required.
    • DSC.
    • Unregistered business declaration
    •  

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Why register Section 8 Company - Benefits

The following are some of the benefits of forming a Section 8 business over alternative methods of NGO registration:

  • It has more organized operations and is more adaptable.
  • There is no need for a lengthy registration process, and no physical presence is necessary.
  • There is no requirement for a minimum amount of paid-up capital.
  • Provision of tax advantages under sections 12AA and 80G of the Income Tax Act in a timely manner.
  • Any partnership business can join as an individual member and become a Director.

 

FAQs on Section 8 Company Registration

There is no such maximum limit.
The answer to this question is yes. Government employees or officers can be part of NGOs provided the NGO is not anti-government. There are a few rules too that these people have to follow, one of them is to make sure that the NGO is not profit making and the member must not draw any salary from the NGO.
The other alternatives are to start a Trust or a Society based on the objectives of your NGO.
The property of the company vests in the name of the Company and the same can be sold as per the rules mentioned under the Companies Act, (Eg: With the consent of the Board of Directors in the form of a resolution).

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