2 Directors
It can be formed with a minimum of 2 directors
Section 8 company registration is a legal process that allows organizations to register as not-for-profit entities. These companies can be formed for a social cause or to promote art, science, charity, education, and other similar pursuits. The registration process involves filing an application with the Registrar of Companies (ROC) along with various documents such as the company's memorandum of association and articles of association. The main advantage of registering as a Section 8 company is that it provides tax exemptions like income tax, property tax, and stamp duty fees. Furthermore, donations made to these firms are eligible for tax deductions under Section 80G of the Income Tax Act. Overall, Section 8 company registration offers immense benefits to those looking to make a positive difference in society while enjoying certain legal protections enshrined within this specific category of organization.
Starting an NGO in India can be a daunting task, but Section 8 is a popular option for NGO and Charitable organizations. This type of NGO is incorporated under the Companies Act of 2013 and is governed by the Ministry of Corporate Affairs (MCA).
At our company, we are proud to be India's best startup consultants. We specialize in helping entrepreneurs register their Pvt Ltd Company in India at the lowest possible price. Our team of Expert and Experienced chartered accountants provides professional advice at no cost, ensuring that your business is set up for success from the very beginning.
If you're ready to take the first step towards starting your own NGO in India, contact us today to learn more about our Section 8 Company registration services. We'll help you navigate the complex legal and financial requirements of starting an NGO, so you can focus on what you do best - building a successful Ngo or charitable Organisation.
It can be formed with a minimum of 2 directors
Minimum 2 Members, Director and Members can be same persons
An office Address is needed. The address can be Residential or commercial.
PAN Card of Members and Directors.
Latest Electricity Bill/ Telephone Bill/Water/Gas Bill of the registered office address
Aadhar card/Voter ID/Passport/Driving License of Member and Directors.
No Objection Certificate to be obtained from the owner(s) of the registered office
Latest Telephone Bill/Electricity Bill/Bank Statement /Gas/Water Bill of Member and Directors
If Property is taken on Rent, then rent agreement required. Agreement must be notarized.
Latest Passport size Color photograph of Member and Directors.
Note: With regard to government fees, each state has a fixed set of prices, but they are mostly common across India, barring Kerala, Punjab and Madhya Pradesh, where they are much higher. In the above three states contact us for a customized package.
Section 8 company is a company which is licensed under section 8 of companies act, 2013. It is a non-profit organization (NPO) which is formed with the objective to promote commerce, arts, science, sports, education, research etc. The profit of such types of companies are applied towards the furtherance of their cause and no dividend is paid to any of their members.
Section 8 company is registered by the Ministry of Corporate affairs, a Central Government Body and requires 2 members only and can do any social activity across India, While Trust and Society have a registration procedure at state level which is too complex as compared with Section 8.
Section 8 companies do not aim to make profits but if earn profit then have to apply on the objects of the Section 8 entity.
Annual Filling is mandatory for every company incorporated in India. The E-form filing along with the required documents must be filed with MCA.
Yes, but subject to FDI approval by RBI.
It is not necessary but All NGOs (be it a Trust, Society or Section 8 Company) must apply for 80G & 12A Certificate to provide Income Tax Deductions to the donors and itself availing exemption from paying income tax to the Income Tax Department by having 12A Certificate respectively.
Yes, a Physical office address is required for registering a private limited.
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