SECTION 8 NGO COMPANY REGISTRATION
Rs24,999.00
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ADVANTAGES & BENEFITS

Section 8 Company or a Non-Profit organisation (NPO) is a Company established for promoting commerce, art, science, religion, sports, education, research activities, charity or any other useful social object, provided the profits and donations is applied for promoting only the objects of the company and no dividend is paid to its members or owners.

The term No Profit does not mean that the Company cannot generate profit or income, but what it means is applying the income for promotion of the object and not for distributing it to the promoters. It means that the Company can earn profits but the promoters cannot be benefitted out of those profits.

   Many privileges and exemptions are available to section 8 company under Company Law

   Non-application of Companies Auditor’s Report Order (CARO)

   Exemption from requirement of Minimum Paid-up capital

   Registered partnership firm can be a member in its own capacity

   Exemption of Stamp duty for registration

   Tax deductions to the donors of the Company u/s. 80G of the Income Tax

DOCUMENTS REQUIRED FOR SECTION 8 COMPANY

ID Proof

PAN card of all the proposed directors and Passport/Driving License/Voters ID

Address Proof

Utility Bill in the name of the Director, or latest bank account statement

Photo

Recent Passport Photo

Registered Office Proof

Notarised rent agreement and NoC (No Objection Certificate) from the owner (for a rented office), Property registration, House Tax (for an owned property) and Utility Bill (no older than 2 months).

WHAT DO YOU GET

DSC

Digital signature for two directors to digitally sign the documents

TAN Number

Tax deduction number for filing tax return

AOA

Defines the rules of the business

Incorporation Certificate

Certificate of incorporation bearing company’s registration number and details

MOA

Defines the objectives of the business

Rubber Stamps

Two rubber stamps, one with the name of company and one with the name of director

PAN Number

PAN number of the company to open a bank account

License

Section 8 company license number

QUESTIONS & ANSWERS

What is Section 8 Company?

A Section 8 Company (based on Section 8 of the Companies Act, 2013) is an organisation with the sole objective of promoting art, commerce, science, education, sports, social welfare, research, charity, religion, environment protection or any such non-profit objective, and where company profits are only used for company promotion and development.

Who can become a member of Section 8 Company?

Any individual, company or NRI can become a member of a Section 8 Company.

Who can or cannot incorporate a Section 8 company?

Any person or association of persons (including partnership firm) or any existing company can form a Section 8 company. A Section 8 company cannot be incorporated as a One Person Company.

Can a regular company change its status to a Section 8 Company?

Yes, any company who is already in existence can obtain the status of Section 8 Company by following the same procedure with some additional documents.

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