Complete solution for incorporation of a Section 8 Company From Rs. 30999.00 /-all inclusive fee.
Eligibility
To incorporate a Section 8 company a minimum of two persons are required over the age of 18 years with atleast one person being an Indian citizen and resident.
Section 8 Company Registration
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 object', 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. However, it differs from a company in one very crucial aspect, i.e. it cannot use the words “Section 8” or “Limited” in its name.
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.
Documents Required for Section 8 Company Registration
Digital Signature Certificate (if you already have it)- Director Identification Number (if you already have it)
- Memorandum of Association
- Articles of Association
- ID proof for members: (Aadhar Card, Passport, Voter ID)
- Passport size Photographs
- Director’s details (if Members are other Companies/LLPs)
- Address Proof
What is a Section-8 Company ?
In India, a non-profit organisation can be created by registering a Society under the Societies Registration Acts or registering a Trust or incorporating a Section 8 company with a not for profit motive. Section 8 under the Companies Act, 2013 corresponds to the old Section 25 under the Companies Act, 1956, which was popularly known as “Section 25 Company”, hence the name “Section 8 Company”.
Company Registration Process
Digital Signature Certificate
1 Working Day
DSC is an electronic online signature issued by licensed certifying authorities. All the proposed directors of the company required to apply for the digital signature (DSC) which is necessary for digitally signing the electronic incorporation documents. DSC can be obtained either using supporting documents or Aadhar eKYC based authentication (supporting documents are not required in this case).
Director Identification Number
1 Working Day
ODIN or DPIN, i.e. directors PIN is a unique eight-digit identification number which is a mandatory requirement for existing as well as proposed directors of the company to maintain the director's information in a database. MCA allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.
Name Approval
Upto 5 Working Days
Once we obtain the DIN and DSC of the directors, a list of minimum one or maximum 4 proposed names of the company in preferential order will be submitted to MCA for approval. Our representative will conduct a prior search for your name availability. Ideally, the name should be unique, suggestive of the business. We get your company name approved subject to availability and naming guidelines.
MOA & AOA Submission
Upto 2 Working Days
Once the name is approved, one needs to draft Memorandum of association and Articles of Associate. Both MOA and AOA are filed with the MCA with the subscription statement.
Incorporation Documents
Upto 8 Working Days
After taking name approval, we draft a Memorandum of association and Articles of association for your company. All the incorporation documents need to be submitted with the prescribed e-form SPICe 32 along with the AOA, MOA and subscription statement. Once all the documents are duly verified and approved by the government, the certificate of incorporation is emailed to your id. Simultaneously, we will apply for PAN and TAN of your company.