Section - 8 Company Registration Process in India
A
section-8 company is which spends all its money promoting what they believe in.
the company could promote religion, education, sports, social welfare, charity,
etc. The company also does not pay any kind of income to its members. These
companies are limited companies under the Companies Act. The only difference is
that they do not need to use “limited company” at the end of their names. They
can either be registered as a “private limited company” or “public limited
company”. Section-8 companies are a legal form of NGOs and NPOs. These
companies can work in any state of the country; there are no restrictions for
them.
Benefits of Section 8 Company Registration Online in India, Delhi, Bangalore, Lucknow
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No minimum capital: For the incorporation of
section-8 companies there is no minimum capital required. It can be formed with
any minimum capital but yes investors and promoters can be brought in to
support the organization.
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Name: Section-8 does not require to put
private limited or limited at the end of its name. It can be named as a
charity, foundation, club, council, institution, etc.
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Tax benefits: Section-8 companies do not pay
tax the same as other companies, they have many tax benefits.
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Membership: Section-8 company can be obtained
by a registered partnership firm.
Eligibility
criteria for Section-8 company formation
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The company should be registered
under the Companies Act, 2013.
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The company needs to get a license
from MCA.
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The maximum number of directors
can be 15. If a company want to add more director than a request can be made in
a general meeting.
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At least one director should be a
member of India.
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Whatever initial amount has been
proposed for the company, it should be invested in it within 2 months.
Online NGO RegistrationOnline In India, Delhi, Mumbai, Bangalore, Lucknow.
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First, you need to fill in your
details online. You will be required to fill in your name, email address,
contact number and state.
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Then you will need to fill for DIN
and DSC.
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After that the company needs to go
through the name approval process. 2 names could be proposed and name
availability needs to be checked under “reserve unique name”.
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It is compulsory to attach form
INC-12. It is also advisable that you put a note with the forms about what work
the company will undertake after its incorporation.
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When you have gained the approval
of the central government one can fill SPICe 32 form.
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After all the formalities have
been done company will be issues a certificate of incorporation. Which means it
has been legally formed.
All the documents needed to register the Section-8 company.
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PAN card copies of all the
directors of the company.
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Address proof of directors.
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Contact number, email ID, and
passport size photograph of directors.
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Address proof of the company’s
registered address.
After all the formalities have been done the company
will be formed and it can start working as soon as it wants to.
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