Section 8 Company Registration (NGO)
Section 8 is a form of company which is listed under the section 8, The Companies Act, 2013 for the purpose of promoting education, research, Commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment etc.
Section 8 Company is listed under the Section 8 of The Companies Act, 2013 for charitable or not-for-profit purposes. Section 8 company is an establishment for promoting education, research, social welfare, religion, charity, protection of environment, commerce, art, science, sports, or any such other object provided the term that the profits, if any, will be incorporated for promoting the objects of the company only and not for the dividends to its members. Section 8 company also has higher credibility amongst donors, Government departments and other stakeholders since its registered under the Central Government’s Ministry of Corporate Affairs.
Legal Brother’s has a team of experts in Section 8 Registration (NGO) for pan India locations. You may contact us to get your Section 8 Registration (NGO) in Delhi, Mumbai, Bangalore, Kolkata, Kanpur, Bareilly, Lucknow, Kanpur, Ghaziabad, Ludhiana, Faridabad, Meerut, Varanasi, Srinagar, Amritsar, Allahabad, Chandigarh, Bareilly, Moradabad, Gurgaon, Aligarh, Jalandhar or any other cities in India.
Why Needed: Reasons & Benefits
Features of a Section 8 company are as follows:
No minimum share capital
Section 8 company does not require a prescribed minimum paid-up share capital.
Exemptions / tax benefits
Due to the great objective of charity, the Companies Act has accorded several benefits
Government license
Section-8 Companies need the Central Government’s license to function properly.
Limited liability
Section-8 members can only have limited liability in every cases.
Charitable objectives
Section 8 companies are formed with the objectives of charity only.
Documents Required
- Address cum Identity proof
Identity and address proof will be required for all directors and shareholders shall share their proofs. In case of Indian
nationals, PAN is mandatory. For foreign nationals, apostilled or notarized copy of passport must be submitted mandatorily. Residence proof documents
like bank statement or electricity bill must be less than 2 months old.
- Registered address proof
A recent copy of the electricity bill/property tax receipt/water bill must be submitted. Along with the utility bill, rental agreement/sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.
- Signed incorporation document
Signed digital signature application hard copy along with other incorporation document signed and uploaded in soft format.