Section 8 Company

Starting from INR 20,999

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Section 8 Company

Section 8 Company – Companies with Charitable Objects. In India, a non-profit organization (NPO) can be registered as Trust by executing a Trust deed /Society under the Registrar/Private limited non-profit company under Section 8 Company under the Companies Act, 2013

Where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be registered under this Act as a limited company—

(a) has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other Object;

(b) intends to apply its profits, if any, or other income in promoting its objects; and

(c) intends to prohibit the payment of any dividend to its members, A company registered under this section shall amalgamate only with another Company registered under this section and having similar objects.

Features

Default- In case of non-compliance of requirements laid in sections, than penalty of 10 Lakh- 1 crore can be levied ,also imprisonment of 0-3 year may be imposed on officer or director who is in default

Perpetual Succession- Private Limited Company goes on and on until it is legally dissolved. As private limited company is having separate legal identity, so it is unaffected by the death or other exit of any member and continues to be in existence irrespective of any changes in ownership.

Compliance Benefits- A Section 8 company is not required to publish its accounts or file several documents at registrar, so it is in a better position than a public or private limited company.

LIMITED LIABILITY- The greatest benefit of Section 8 Company is limited liability. Members are only liable for unpaid shares held by them and not more than that, there is no personal liability of shareholders to the creditors of a company for company's debts.

Members- A Section 8 company can be formed by two persons only, registered partnership firm can also be a member in its own capacity

Legal Advantage- A section 8 company has various advantages when compared to Trust or Society like improved recognition and better legal standing as it is registered as per provision of Companies Act, 2013

  • Silver

  • 20,999
    • PAN
    • TAN
    • Name Approval
    • MOA, AOA
    • Section 8 Company License
  • Gold

  • 22,999
    • PAN
    • TAN
    • Name Approval
    • MOA, AOA
    • Section 8 Company License
    • 2 DSC
    • DIN
  • Platinum

  • 33,999
    • PAN
    • TAN
    • Name Approval
    • MOA, AOA
    • Section 8 Company License
    • 2 DSC
    • DIN
    • Trademark
Process One

ComplyPartner Team would understand business

Process Two

Day 1- Application for DIN and DSC, it will take 1-2 days

Process Three

Day 3- Application For Name Approval, it would take 3-5 Days

Process Six

Bank Account can be opened and business can be started

Process Five

Day 16- Company Registration Certificate would be issued

Process Four

Day 8- Application for registration, it would take 7-9 Days

Documents Required for Section 8 Company Registration

2 Passport size photos of directors

Address proof of directors

Photo ID proof of directors

No objection certificate from the owner

Specimen signature

Rent agreement of your registered office

Utility Bills of registered Office Address