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ADVANTAGES OF SECTION 8 COMPANY

NO PAID UP CAPITAL

To register a Section 8- Company there is no need of a minimum paid up capital. Only two members are required if it is a Private Company and 7 members are required in case it is a Public Limited Company.

TAX DEDUCTION

There are certain tax deduction to the donors of the Company associated with the Section 8 Company.

EXEMPTIONS UNDER COMPANY LAW

There are various privileges and exclusions under the Company Law. Companies Auditor is not Applicable. Stamp duty registrations are also exempted.

SIMPLE & TRANSPARENT PRICING

"If you are not satisfied for any reason, we will refund your money minus the Government fees.
No questions asked"

Business Package


All inclusive fees

Section 8 Company registration with DSC, DIN, MOA, AOA, name approval, Section 8 company license, PAN, TAN, incorporation fee and company kit.


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Executive Package


All inclusive fees

Section 8 Company registration with DSC, DIN, MOA, AOA, name approval, Section 8 company license, PAN, TAN, incorporation fee, company kit and Logo Designing.


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Premium Package


All inclusive fees

Section 8 Company registration with DSC, DIN, MOA, AOA, name approval, Section 8 company license, PAN, TAN, incorporation fee, company kit, Logo Designing and Trademark registration.

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DOCUMENTS REQUIRED FOR THE PROCESS

"Scanned Copy of the Following Documents has to be Provided by the Promoters of the Company"

PAN card copy with Self attestation.

Latest passport size photo in jpg.

Copy of No objection certificate from the owner of the property.

If owned property, copy of Sale Deed and Electricity bill is sufficient.

Voter Id copy or Passport copy or Aadhar card copy or Driving license copy with self attestation.

Copy of Electricity bill or Property Tax receipt or Water Tax receipt not older than two months.

Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized.

Latest Bank account statement or Mobile /Telephone bill or Electricity Bill (not older than two months)- no need for self attestation.

For the registered office proof of the company, if the property is rented/ leased, then copy or rental agreement or lease agreement.

In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.

FAQs

  • What is Section 8 Company?

    Section 8 Company is also termed as the Non-Profit organization(NPO) which is established to promote art, science, commerce, religion, charity or any other advantageous object, provided the profits if any. Other revenue is utilized for supporting & promoting of objectives of the company and its members fund no benefit.

  • How many members are required to incorporate a Section 8 Company?

    It depends on the type of Company you are registering, in case you are registering a Private Company then only two members are required and if it is a Public Limited Company then it should have seven members.

  • Is it possible to convert Section 8 Company to a Private Limited Company?

    Yes, definitely it is permissible to convert Section-8 Company into Private Limited Company and related options are available for the same.

  • How much time is required to register a Section 8 Company?

    It is a complicated process but with the help of QuickCompany it is much easier. It takes only 20-25 working days to register a Section 8 Company after the documents are submitted.

  • What are the documents required for registering Section 8 Company?

    The following are the requirements:
    Copy of PAN card duly signed by the applicant
    Id Proof: Voter Id or Passport or Aadhar card or driving license. All the documents need to be signed by the applicant
    Address Proof: It can include latest Bank account statement or Telephone bill or Electricity Bill. The documents should not be older than two months
    Photo Proof(latest passport size picture)
    Office Address proof of the company is needed
    NOC (No Objection Certificate from the owner
    Copy of Sales Deed
    If the applicant is an NRI then the documents must be notarized and passport is compulsory.

  • Is it permitted to register a Section-8 Company for an NRI?

    Yes, an NRI can register a Section-8 Company provided all the documents required are submitted and notarized by the professionals.

  • What are the benefits associated with the Section 8 Company?

    There are various privileges and exclusions under the Company Law:
    There is no need of a Minimum paid-up Capital
    Stamp duty registrations are also exempted
    Companies Auditor is not applicable
    Any registered partnership firm can be a member in its individual capacity
    Tax deductions to the donors of the Company

  • Is it necessary to have a Charitable object to register a Section 8 Company?

    It is important to have objects with non-profit motive, and then it can be registered as Section-8 Company.

  • Can INC-29 be applied for Section 8 Company?

    No, certainly it is not permitted to apply INC-29 for Section-8 Company. The reason is Section-8 Companies need to get license from the RD and INC-29 facilities are not suitable for this specific company.

  • How long can a Company remain registered under the Companies Act 1956?

    The registration under Companies Act, 1956 is unchanging in nature and provides continuous existence. Under extreme conditions, such companies can be reimbursed. The government is the official liquidator of Corporations.

  • Which are the laws that regulate the cooperative societies in India?

    Laws that are regulating the Cooperative Societies in India are as follows:
    State Cooperative Societies Acts of individual states
    Multi-State Cooperative Societies Act, 2002 for the multi-state Cooperative societies including Area of operation in more than one State

  • Is CSR related to Section-8 Company?

    Yes, Corporate Social Responsibilities (CSR) is a part of all companies and similar to Section 8 Company it has non-profit related objectives.

  • What are the main objectives of Section-8 Company?

    The main objectives of Section 8 Company must ensure that it is related apply its profits(if any) in promoting and supporting the objectives. It should not provide any benefit/fund to its members. The objects to be promoted includes:
    Commerce
    Science
    Sports
    Research
    Education
    Social Welfare
    Religion
    Charity
    Protection of Environment

  • How much Paid-up capital is required?

    To register Section 8 Company no paid-up capital is required. This is mentioned under sub section 6 of section 3 as per Companies Act, 1956.

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