Section 8 Company Registration

Register for charitable purposes to promote research, social welfare, religion, etc.

We do complete documentation including mandatory estimated Income and Expenditiure for 3 years

₹ 7999 + Actual govt fees
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Plus get full support to make your Business Successful
Tools to create effective digital presence
Automated Tools to help you Retain Customers
Learn how to comply & avoid penalties

Our Formation Packages

We will Register for you Register and Grow faster
₹7,999+GST
+ Additional Govt Fees
₹15,999+GST
+ Additional Govt Fees
Tutorial Videos to Register business yourself
Tutorial Videos to Register your business yourself (Lifetime Access)
DSC (Digital Signature Certificates)
INR 1200 per DSC, it is lowest available cost. Each director need to have DSC. If you already have DSC, speak to us and we will lower the quotation cost for you.
DIN (Director identification number)
8 digit unique identification number compulsory for all who wants to be a director.
MOA/AOA (Memorandum of Association/Articles of association)
Draft your MOA/AOA with well defined object clause.
RD License
RD 1 license granted under section 8 as they work on a specific objective. All crucial documents like the MOA, AOA, financial statements and other declarations are filed at this stage.
Company PAN & TAN
At registration we will get you your PAN and TAN from Income tax dept. Please note sec 12 appliaction done seperately to get tax benefit.
Estimated Income & Expenditure Account
For the next 3years (mandatory for Sec-8 company registration)
Social Media Presence
We will setup your Google my business, Facebook and Instagram page
Web Presence
We will provide you with a domain name, website and a professional business email
Setting up your accounting process
We will help you in setting up your accounting process
Accept Online Payments
Along with the website, get Payment Gateway Setup to accept online payments from your customers
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What is Section 8 Company?

Section 8 Company is named as section 8 of the Companies Act,2013 which pertains to established for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object, provided the profits if any or other income is applied for.....

What is the eligibility for Section 8 Company Registration?

The eligibility for the section 8 company registration is that the object must be charitable or to promote arts, science, commerce etc. It shall intend to apply all its profit in promoting the objectives and assures the prohibition of dividend to any of its members.

Advantages

Section 8 company is a non profit organisation that is why they are exempted from some provisions of the income tax. They avail the benefits under section 80 G of the Income Tax Act, 1961. They are also required to pay less stamp duty as compared to other organizations.

Disadvatages

Income earned from this organization can only be used for the above mentioned objects only.

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Documents Required For Section 8 Company Registration

For Directors

  • PAN (Permanent Account Number) of all proposed directors (Self attested)
  • Identity Proof (Voter Id, Passport, Driving License) of all proposed Directors. (Self attested)
  • Latest passport size Photographs of all directors.
  • Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement not older than 1 Month (Self attested)

For Share Holders

  • PAN (Permanent Account Number) of all proposed Share Holders (self attested)
  • Identity Proof (Voter Id, Passport, Driving License) of all proposed ShareHolders (Self attested)
  • Latest passport size Photographs of all Share Holders.
  • Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement not older than 1 month (Self attested)

For Registered Address

  • Electricity Bill along with Rent Agreement OR Ownership proof and NOC

Others

  • INC 14
  • INC 15
  • Projected Income and Expenditure Account
  • Grounds for making application

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Key Aspects

License

Such companies can function only if they have the Central Government’s license. The Government can revoke this license as well

Objective

Section 8 company can be formed only with charitable objectives and these companies do not aim to make profits. They aim to further causes like science, culture, research, sports, religion, etc

Limited Liability.

Members of these companies can only have limited liability. Their liabilities cannot be unlimited in any case.

Name.

The name of section 8 company does not include title like Private limited or Public Limited.

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Why FoundersCart exists?

Now, more than ever, the world needs entrepreneurs. They are the ones who take risks to achieve their dreams. They have the power and courage to change lives.


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Frequently asked questions

What is the INDICATIVE TIME FRAME of incorporating a Section 8 Company?

The entire procedure can be completed on a fast track basis within 25 working days of incorporating a Section 8 Compnay

Meaning of Non-profit making Company

A Non-profit making Company is a Company which:
(a) has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object;
(b) intends to apply its profits, if any, or other income in promoting its objects; and
(c) intends to prohibit the payment of any dividend to its members.

Can changes be done in AOA and MOA?

A company registered under this section shall not alter the provisions of its memorandum or articles except with the previous approval of the Central Government.

What is the penalty for violation of Section 8?

If a company makes any default in complying with any of the requirements laid down in section 8, the company shall, without prejudice to any other action under the provisions of this section, be punishable with fine which shall not be less than ten lakh (10,00,000) rupees but which may extend to one crore (1,00,00,000) rupees and the directors and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to three years or with fine which shall not be less than twenty-five (25,000) thousand rupees but which may extend to twenty-five (25,00,000) lakh rupees, or with both:

Can Section 8 company be converted to for profit organization and vice versa?

There is also a provision for conversion of existing Companies into a Non-profit making company under section 8 read with Rule 20 of Companies (Incorporation) Rules, 2014. Likewise a Non-profit making company can also be converted into any other Company by following the procedure given in Rule 21 and 22 of Companies (Incorporation) Rules, 2014. We shall discuss these procedures in some other article.

How does Winding up of Company takes place?

As per section 8(7), where a licence is revoked under sub-section (6), the Central Government may, by order, after giving the company a reasonable opportunity of being heard, if it is satisfied that it is essential in the public interest, direct that the company be wound up under this Act or amalgamated with another company registered under this section

What is Revocation of Licence by Central Government?

As per section 8(6), the Central Government may, by order, after giving the company a reasonable opportunity of being heard, revoke the licence granted to a company registered under this section if the company contravenes any of the requirements of this section or any of the conditions subject to which a licence is issued or the affairs of the company are conducted fraudulently or in a manner violative of the objects of the company or prejudicial to public interest,and direct the company to convert its status and change its name to add the word “Limited” or the words “Private Limited”, as the case may be, to its name and thereupon the Registrar shall, without prejudice to any action that may

How is Memorandum of Association (MOA) and Articles of Association (AOA) prepared?

Drafting of the MOA and AOA is generally a step subsequent to the availability of name made by the Registrar. These two documents are basically the charter and internal rules and regulations of the company. Therefore, it must be drafted with utmost care and with the advice of the experts and the other object clause should be drafted in a very broader sense. The memorandum of association of the proposed company shall be in Form No.INC.13.

Whether Private Limited company can be converted into Section 8 company?

NO, Private Limited company cannot be converted into Section 8 company.

Do Promoters have to be present personally to incorporate a company?

Yes, promoters need to be present to personally meet us at our office or meet at any place for the registration of a Company. All the incorporation documents required to be present in original and scanned copy also required to submit

You are about to embark on an exciting journey that will change the world.

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