Sec 8 (Non Profit) Company Registration
A Section 8 Company is a non-profit organization that aims to promote charitable activities, art, science, education, and sports.
The profits of such companies are utilized for promoting these objectives and are not distributed among the Company’s members. It is essential to understand what is Section 8 company, document requirements, and company incorporation process.
We help to Incorporate the Sec -8 (Non Profit Company) in India without any hassle.
Sec 8 (Non Profit) Company Registration
Under the Companies Act 2013, a section 8 company is a non-profit entity established to promote sectors such as trade, arts, science, sports, education, research, social welfare, environmental protection, and other charitable causes.
Unlike traditional profit-oriented companies, section 8 companies are formed to serve society and are legally prohibited from distributing profits among their members. If any profit is generated, it has to be reinvested in the company to fulfil its objectives.
Features of Section 8 Companies
- Formed with a Non-Profit Objective: The primary aim of the companies incorporated under Section 8 of the Companies Act, 2013, is to promote charitable activities without the intention of earning profits.
- No “Limited” or “Private Limited” Suffix: Unlike private or public companies, Section 8 companies do not use “Ltd.” or “Pvt. Ltd.” in their name.
- Limited Liability: The members of the section 8 companies have liabilities limited to their shares in the company, which means that their personal assets are protected from the debts and liability of the company.
- No Minimum Capital Requirement: No minimum capital is required to incorporate a Section 8 Company in India.
- Separate Legal Entity: The company has its own legal identity in the eyes of the law and stakeholders, which allows it to own property in its name and incur debts independently of its members.
Eligibility Criteria
- Minimum 2 Directors (At least 1 Director shall be an Indian Resident)
- A minimum of one Director must be an Indian resident.
What will you get?
Name Reservation
Incorporation Certificate
Memorandum of Association
Articles of Association
PAN & TAN
EPF / ESIC Registration
DIN of Directors
Digital Signature
Sec 8 License
Documents for Section 8 Company Registration
- PHOTO - DIRECTORS
- PAN Card - DIRECTORS
- IDENTITY PROOF - DIRECTORS
- ADDRESS PROOF - DIRECTORS
- Contacts Details of Directors
- BUSINESS PROOF
Select Packages
Rs. 7,499/-
- Name Reservation
- Certificate of Incorporation
- Memorandum of Association
- Articles of Association
- PAN Card
- TAN Card
- EPF & ESIC
- 2 DSC & 2 DIN
Rs. 18,999/-
- All Features in Standard
- 12A Provisional Registration
- 80G Provisional Registration
- Niti Aayog Registration
- CSR-1 Filing
Rs. 29,999/-
- All Features in Advance
- INC-20A Filing
- 1st Auditor Appointment
- Preparation of Financial Statement
- Audit
- MCA Annual filing
- Income Tax Filing
Benefits of Forming a Section 8 Company Registration
Perpetual Succession
Companies incorporated under Section 8 continue to exist even if the members and the leadership of the company change.
Limited Liability
Directors and members of a Section 8 company enjoy limited liability, which means that their personal assets are protected from the company’s debts and liabilities.
Tax Benefits
Section 8 companies can avail of exemptions on income generated from their charitable activities under Section 12A of the Income Tax Act of 1961. Furthermore, once the company is recognized under Section 80G of the Income Tax Act of 1961, any donations received can offer donors significant tax relief.
No Stamp Duty on Incorporation Documents
It is a general rule that during the formation of a company, stamp duty is levied on the documents. However, Section 8 companies are granted an exemption from paying stamp duty on these documents in many jurisdictions.
Efficient Management
The corporate structure of a section 8 company allows for a professional board of directors, which in the long run leads to efficient decision-making and management.
Enhanced Credibility
Companies incorporated under Section 8 of the Companies Act, 2013, must comply with various rigorous compliances to maintain their legal standing. These include mandatory annual audits, regular board meetings, and periodic filings with the Registrar of Companies (ROC).
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