Section 8 Company Registration

Section 8 Company Registration

A company is referred to as Section 8 Company when it enlisted as a Non-Profit Organization (NPO) i.e. at the point when it has the purpose of promoting arts, commerce, education, charity, protection of the environment, sports, science, research, government aid, religion and expects to utilize its benefits (assuming any) or other pay for promoting these destinations.

By promoting it as a not-revenue driven organization, the Act doesn't ban the organization from benefit creation but instead restricts conveying benefit among members. The charitable company is enrolled under Section 8 of the Companies Act, 2013, which gives it special status because of its articles. Contrasted with different sorts of companies, Section 8 Company appreciates different exceptions and relaxations.

DOCUMENTS REQUIRED FOR
SECTION 8 COMPANY REGISTRATION

  • Members’ Id Proof such as (Aadhar Card, Passport, Voter Id)
  • Details of Director (When the Members Are Other Companies/LLPs)
  • Passport Size Photographs
  • Registered address proof

BENEFITS OF SECTION 8 COMPANY
REGISTRATION ONLINE

Tax and agreement exclusions
With registration under Section 8 of the Companies Act, 2013 it acquires a special status. Not only the company takes advantage of tax privilege, but also the donors can guarantee a deduction for the donation made to the said company (under Income Tax).

Separate legal identity
Being registered as an organization, it acquires a different personality separated from its members. Therefore, it can possess and hold the resources and liabilities in its name independent of the association with the members.

Restricted Liability
A company registered under Section 8 guarantees restricted obligation to its members. The risk of the individuals is restricted uniquely to the degree of the capital bought in and unpaid.

No corporate title
Although the company appreciates the advantage of the corporate entity, it is not marked as the corporate element. The organization doesn't have to add the suffix "Private Limited" or "Restricted" after its name.

Benefits of registered Section 8 company
How to register Section 8 Company

How to register
Section 8 Company?

The process to register Section 8 Company-
Private restricted organizations and Section 8 organization enlistment methodology are fundamentally the same as one another. At least two Directors are needed to begin a Section 8 organization. One of the Directors should be an Indian Citizen and Indian Resident - though at least one people acting as Director can be an Indian National or Foreign National. Also, the necessary number of people and enlisted office address inside India would be needed for the Section 8 Company.

  • The Registration Procedure of Section 8 Company is that of Similar to Private/Public Company as the case might be aside from the additional prerequisite of taking License from Central Government after name endorsement.
  • Intends to apply its benefits assuming any, or other payment in promoting its items
  • The company enrolled under this part will appreciate all the advantages and be dependent upon all the commitments of restricted organizations

How much to pay for
Section 8 Company ?

Section 8 Company would vary from INR 9999/- to INR 29999/- depending upon the plan you choose.

Gold Plan
Gold Plan
₹ 29999/-   ₹ 19999/-
Package Includes
  • ✓ Upto 2 Digital Signature - 2 Years Validity
  • ✓ Upto 3 Director Identification Numbers
  • ✓ Name Approval
  • ✓ Authorised Capital from one lacs
  • ✓ Incorporation Fee & Stamp Duty
  • ✓ PAN & TAN with Bank Account Opening Assistance
  • ✓ Incorporation Certificate
  • ✓ Professional Tax registration (if applicable)
  • ✓ AOA
  • ✓ MOA
  • ✓ Section 8 License
  • ✓ GST Registration
  • ✓ Commencement of Business
  • ✓ Auditor Appointment Support
  • ✓ GST Filing with expert supervision
  • ✓ MCA DIN eKYC for Directors
  • ✓ TDS filing 4 quarters
  • ✓ Assisting and filing all the resubmission regarding incorporation
  • ✓ Replies to objection during GST Registration
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Silver Plan
Silver Plan
₹ 14999/-   ₹ 9999/-
Package Includes
  • ✓ Upto 2 Digital Signature - 2 Years Validity
  • ✓ Upto 3 Director Identification Numbers
  • ✓ Name Approval
  • ✓ Authorised Capital from one lacs
  • ✓ Incorporation Fee & Stamp Duty
  • ✓ PAN & TAN with Bank Account Opening Assistance
  • ✓ Incorporation Certificate
  • ✓ Professional Tax registration (if applicable)
  • ✓ AOA
  • ✓ MOA
  • ✓ Section 8 License
Click here to Start  
Platinum Plan
Platinum Plan
₹ 44999/-   ₹ 29999/-
Package Includes
  • ✓ Upto 2 Digital Signature - 2 Years Validity
  • ✓ Upto 3 Director Identification Numbers
  • ✓ Name Approval
  • ✓ Authorised Capital from one lacs
  • ✓ Incorporation Fee & Stamp Duty
  • ✓ PAN & TAN with Bank Account Opening Assistance
  • ✓ Incorporation Certificate
  • ✓ Professional Tax registration (if applicable)
  • ✓ AOA
  • ✓ MOA
  • ✓ Section 8 License
  • ✓ GST Registration
  • ✓ Commencement of Business
  • ✓ Auditor Appointment Support
  • ✓ GST Filing with expert supervision
  • ✓ MCA DIN eKYC for Directors
  • ✓ TDS filing 4 quarters
  • ✓ Assisting and filing all the resubmission regarding incorporation
  • ✓ Replies to objection during GST Registration
  • ✓ Adhering to annual compliances as per the package
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  • Upto 2 names can be given in 1 RUN name approval request.
  • Any name approved will only be valid for 20 days and In case if the name expires, one need to either reapply or apply for extension of validity of name with an additional amount as prescribed.
  • Digital signatures with 2 year validity is mandatory.
  • In case of incorporation in the states of Kerala, Karnataka, Madhya Pradesh & Punjab, an additional Stamp duty will be applicable depending upon the authorised capital.
  • FilingByExpert will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company. Fee for Statutory auditor will be paid directly to him by the client.
  • At any time, there must be two director in a company. In case if one director has resigned, additional director can be appointed with a nominal additional cost.
  • Companies incorporated in the states of Maharashtra and Karnataka, will receive an additional Professional Tax Registration along with any package.
  • All the documents need to be provided within stipulated time frame as FilingByExpert will not be held responsible for any delayed or late payment. Any tax payment or late fee on GST filing will be entirely borne by the client.
  • Every company needs to complete few compliances every year. In case of non- compliance, company and every officer in default are investigated and charged.
Plan Offer

FAQ
frequently asked questions

frequently asked questions
Who is qualified to register a Section 8 company?
Anyone or a group of people who want to form a limited liability company with an intent of no profit sharing may apply for company registration or company formation under Section 8.
Now, Section 8 company can be incorporated like any other company by reserving the name, followed by online submission of incorporation form to the Registrar of Companies.
Only a limited liability company incorporated under this Act or any previous company law may apply to the Registrar for the issuance of a license, according to Rule 20(1) of the Companies (Incorporation) Rules, 2014. As a result, a company with unlimited liability cannot be classified as a Section 8 company.
It is not mandatory by law but indeed, companies incorporated under Section 8 of the Act, may include the terms like foundation, Forum, Association, Federation, Organization and the like, according to rule 8(7) of the Companies (Incorporation) Rules, 2014.
The term "Foreign Company" is described in Section 2(42) of the Companies Act, 2013 as any company or body corporate incorporated outside India that– Has a place in India where the business is conducted, whether bought directly or through an agent, physically or online and is doing some kind of business activity in India. Now, a company or a body corporate incorporated outside India for non-profit purposes that has opened a branch or liaison office in India cannot be considered a foreign company because a business operation is missing. As a result, such a company cannot be classified as a foreign company.
It should, however, open branch/liaison offices in accordance with FEMA regulations. Non-profit
organizations or bodies organized outside of India may promote and register a Section 8 Company in India as a separate entity.
Section 8 allows any individual or group of people who want to form a limited liability company for the purposes defined in section 8(1)(a), subject to the limitations set forth in sections 8(1)(b) and (c), to apply for registration of a Section 8 Company.
No, it's not true. Section 2(85) does not extend to a Section 8 Company, as stated in the proviso to section 2(85), and as a result, a Section 8 Company cannot be regarded as a small business. Similarly, when a small business converts to a Section 8 business, it loses its status as a small business.
Yes, under Section 8(4)(ii) and Rules 21 and 22 of the Companies (Incorporation) Rules, 2014, a Section 8 Company can be transformed into any other company, including an OPC. This is also subject to limitations and compliances imposed by other legislation, such as the Income-tax Act of 1961.
Yes, indeed. Section 8(1) of the Companies Act of 2013 allows individuals or groups of individuals to register as a Section 8 Company if they meet certain requirements and follow certain procedures. The Companies Act of 2013 does not define the term "person." According to Section 2(41) of the General Clauses Act of 1897, "person" includes any corporation, organization, or group of individuals, whether incorporated or not. As a result, a Limited Liability Partnership is a legal entity and a person. As a result, it can be registered as a Section 8 company.
Yes, indeed. Section 8(1) of the Companies Act of 2013 allows individuals or groups of individuals to register as a Section 8 Company if they meet certain requirements and follow certain procedures. The Companies Act of 2013 does not define the term "person." According to Section 2(41) of the General Clauses Act of 1897, "person" includes any corporation, organization, or group of individuals, whether incorporated or not. As a result, a Partnership Firm is considered a person. As a result, a collaboration company may be incorporated as a Section 8 corporation.

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