Section 8 Company Registration
Advantages:
1) Can avail benefits under Section 80G
2) Being Company it leads to easy donation
3) No Minimum Capital requirement
Question Section
Frequently Asked Questions
Section 8 Company is named Section 8 of the Companies Act, 2013, which pertains to a established \'for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other objects provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. Therefore, Section 8 Company or Section 25 Company is a company registered under the Companies Act, 2013 for charitable or not-for-profit purposes.
A Section 8 Company is similar to a Trust or Society; expect, a section 8 Company is registered under the Central Government\'s Ministry of Corporate Affairs. Trusts and Societies are registered under State Government regulations. A section 8 company has various advantages when compared to Trust or Society like improved recognition and better legal standing. Section 8 company also has higher credibility amongst donors, Government departments and other stakeholders.
A Section 8 Company is similar to a Trust or Society; expect, a section 8 Company is registered under the Central Government\'s Ministry of Corporate Affairs. Trusts and Societies are registered under State Government regulations. A section 8 company has various advantages when compared to Trust or Society like improved recognition and better legal standing. Section 8 company also has higher credibility amongst donors, Government departments and other stakeholders.
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The following types of Business entities are available in India:
Private Limited Company
Public Limited Company
One Person Company
Producer Company
Section 8 Company
Limited Liability Partnership
Partnership
Sole Proprietorship
Private Limited Company
Public Limited Company
One Person Company
Producer Company
Section 8 Company
Limited Liability Partnership
Partnership
Sole Proprietorship
Many privileges and exemptions under Company Law.
Exemption from requirement of Minimum Paid-up capital.
Exemption of Stamp duty for registration.
Non-application of Companies Auditor\'s Report Order (CARO) 2003.
Registered partnership firm can be a member in its own capacity.
Tax deductions to the donors of the Company u/s. 80G of the Income Tax Act.
Legal Entity
Perpetual Succession
Raising Donation from Public
Exemption from requirement of Minimum Paid-up capital.
Exemption of Stamp duty for registration.
Non-application of Companies Auditor\'s Report Order (CARO) 2003.
Registered partnership firm can be a member in its own capacity.
Tax deductions to the donors of the Company u/s. 80G of the Income Tax Act.
Legal Entity
Perpetual Succession
Raising Donation from Public
Minimum 2 Director
Minimum 2 Shareholder
DIN (Director Identification Number for all Director)
DSC (Digital Signature Certificate for one of the Directors)
Minimum Share Capital of Rs. 1,00,000/-
The Director and Shareholder can be same
Minimum 2 Shareholder
DIN (Director Identification Number for all Director)
DSC (Digital Signature Certificate for one of the Directors)
Minimum Share Capital of Rs. 1,00,000/-
The Director and Shareholder can be same
Yes, only object with non-profit motive can able to register themselves for Section -8 company.
Yes, you can convert your Section-8 Company into Private Limited Company in future and options are available.
The Memorandum of Association (MOA) states the main and ancillary objects of the proposed company.
The Articles of Association (AOA) contains the rules and procedures for the routine conduct of the proposed company.
The Articles of Association (AOA) contains the rules and procedures for the routine conduct of the proposed company.
The Director required to be above 18 years of age and must be a natural person. He may or may not be citizen or residence of India. We can say that even foreign nationals can be Directors in Indian Section 8 Company.
No, INC-29 is not applicable for Section-8 Company. Since, there is need for getting license from the RD for Section 8 companies, INC-29 facilities are not available for this particular company.
Well, it completely depends on what you want to do. If you are a single person doing business and are
not going to raise any outside investment for at least 3 years then OPC suits you best. Or if you are
planning to raise funds then go for Private Ltd registration. A LLP is typically preferred by Lawyers,
Doctors, Designers and other professionals.
A company registration process is a legal process that usually takes 8-15 days for registration.
However, a fixed time line can not be committed due to legalities involved in the due process.
No, the process is completely online these days and MCA does not issue a Printed copy. We can provide
the printed copy.
On receipt of the certificate of incorporation a newly formed company can start the business operations.
PAN
TAN
Shop Act
VAT
Profession Tax
Service Tax
Provident Fund ESIC
TAN
Shop Act
VAT
Profession Tax
Service Tax
Provident Fund ESIC
Yes, you can register a company at your residential address as having a commercial space is not
necessary to get a company in India.
Yes, a company’s address can be changed after acquiring a commercial space. The process of change of
company address is very easy and it can be done within hours if the new address is within the same city.
Yes, legally a salaried person can become a director of a company. However, the terms and conditions
mentioned in his/her employment agreement may have some clauses that might require an expert advice. We
recommend you to speak to us before proceeding in order to make an informed and wise decision.
Yes, an existing company can be converted into any other form of business entity by complying the
provisions of Companies Act, 2013.
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