Section 8 Company

A section 8 company is a company registered under Companies Act 2013 for charitable purposes only. Are you planning to register a Section 8 company? Hurry up & avail our premium offers.

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How it works

Step 1

Purchase a plan for expert assistance

Step 2

Provide documents to our experts

Step 3

The Certificate will reach your doorstep

Overview

The objectives of the Section 8 companies are the promotion of arts, commerce, charity, education, protection of the environment, science, social welfare, sports, research, religion and intends to apply its profits if any or other income in promoting its objects.

Benefits

    • Separate legal identity
    • No Minimum Capital Requirement.
    • Avail Income Tax Benefits
    • Exempted from payment of Stamp Duty on the MOA & AOA.
    • Increased credibility & organized operations
    • Companies Auditor’s Report Order is not applicable.

Eligibility

Any individual or a group of individuals is eligible to be registered as Section 8 Company if it fulfills the below-mentioned intentions or objectives. The objectives have to be confirmed to the satisfaction of the Central Government. When the company intends to promote science, commerce, education, art, sports, research, religion, charity, social welfare, protection of the environment or alike other objectives; When the company holds an intention to invest all the profits and any other income generated after incorporation in the promotion of such objects only; When the company does not intend to pay any dividend to its members.

Validity Period

It’s a one time registration with lifetime validity

Processing Time?

The overall process may take upto 2 months depending upon the processing done by the MCA.

Documents Required :

  • PAN Card details of all the Members
  • Aadhar Card details of all the Members
  • Residential Address Proof:
    • 2 months Bank Statement/Utility Bills.
  • Passport of all the members
  • Driving license of all the members
  • Passport size photographs of all the members
  • Proof of principal place of business/ Rental Agreement.
  • Digital Signature Certificate {Don’t have DSC, no worries avail our complimentary services to get your DSC)
  •   Note 1: - All the documents have to be self-certified.

Note:- All the documents have to be self-certified

Frequently Asked Questions

  • Is Section 8 Company a Public or a Private Company?

    A person can incorporate a section 8 company as a public or private limited company.

  • Can a Section 8 Company extend its Objective beyond India?

    Yes, a Section 8 Company can extend its Objective beyond India.

  • Can a Section 8 company carry out Advisory and Consulting Services?

    Yes, a Section 8 company can carry out Advisory and Consulting Services.

  • Who is eligible to become a Member of section 8 company?

    All types of business forms except OPC can become a member of a section 8 company.

  • Is it necessary to obtain FCRA Registration to accept Foreign Contribution?

    Yes, it is necessary for section 8 company to obtain FCRA Registration to accept Foreign Contribution.

  • Is it necessary to obtain FCRA Registration to accept Foreign Contribution?

    Yes, it is necessary for section 8 company to obtain FCRA Registration to accept Foreign Contribution.

  • Can a section 8 company maintain its books of account on a Cash basis?

    No, a section 8 company cannot maintain its books of account on a Cash basis.

  • How many directors can I appoint in my section 8 company?

    There is no minimum and maximum limit prescribed for the number of directors.

  • Is the requirement of Corporate Social Responsibility applicable to Section 8 Company?

    Yes, section 135 of the Companies Act, i.e., CSR, is applicable to a section 8 company.

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