Section 8 Companies

Section -8 Companies with charitable objects etc. is governed under Companies Act, 2013.

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What is a Section 8 Companies with Charitable Objects?

Section -8 Companies with charitable objects etc. is governed under Companies Act, 2013.

As per Section 8 of 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—

  • 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;
  • intends to apply its profits, if any, or other income in promoting its objects; and
  • intends to prohibit the payment of any dividend to its members,

These companies are formed for Non Profit motive (Charitable Purposes) and the profits accrued from its Business / art / skill activity is used to fulfill and promote its main objects. These companies are prohibited to pay any of the dividends to its members.

An NPO/NGO can be formed for promotion of any useful object like sports, education, research activities etc. The term No Profit does not mean that the Company cannot generate profit or income, but it essentially means applying the income for further promotion of the object and not for distributing it to the promoters.

What we will provide you in our package?

  • DSC
  • DIN
  • Company Incorporation
  • Online Application of PAN and TAN of the Company

You Just Need To Follow These Steps

Necessary Document For Registration

DIGITAL SIGNATURE CERTIFICATE

  • One color photograph (Pass Port Size)
  • Identity proof
  • Current resident address proof

DIRECTOR IDENTIFICATION NUMBER

Form DIR-3 needs to be filed for making application for allotment of DIN

  • ID proof of the applicant
  • Address proof of the applicant
  • One color photograph of the applicant.

NAME AVAILABILITY

  • Details of the applicant
  • Details of the promoters
  • Objects of the proposed company
  • Particulars of proposed directors
  • Particulars about proposed names(maximum 6 names can be given in order of preference)

INCORPORATION

Identity proof of all the subscribers PAN card (mandatory) and any one of the following:

  • Aadhar Card
  • Passport
  • Voter Identity Card
  • Driving License

Residential address proof of all the subscribers

  • Bank Statement
  • Telephone Bill
  • Mobile Bill
  • Electricity Bill

If the subscriber is a foreign national, proof of nationality shall be attached

Proof of Registered Office address (not older than two months)

  • Telephone Bill
  • Electricity Bill
  • Mobile Bill

Advantages of Section 8 Company with Charitable Objects

  • Exemption from requirement of Minimum Paid-up capital.
  • Exemption of Stamp duty for registration.
  • Non-application of Companies Auditor Report Order (CARO) 2003.
  • Easy Transfer of Ownership.
  • Tax benefits.
  • Relaxation in Compliances.

Minimum Requirement for Section 8 Company with Charitable Objects