SECTION - 8
A Section 8 company is a non-profit organization that was established to support charitable causes including social welfare, sports, science, education, and more.
Home / SECTION – 8
Other Services
Unlock Your Business's Potential Today!
Download.
- Download Company Brochures
SECTION -8
A Section 8 company is a non-profit organization that was established to support charitable causes including social welfare, sports, science, education, and more. It is regulated by the Companies Act, 2013 in India. It functions without the main objective of producing a profit and is named after Section 8 of the Companies Act. Members have limited liability, and all profits must go toward achieving the goals of the business. In order to incorporate, a license from the Registrar of Companies must be obtained. Additionally, the business must adhere to legal criteria and make philanthropic and social contributions.
Type of Registration :-
- Private Limited
- Public Limited
Minimum Requirement for Private Limited
- Minimum Two Shareholder
- Minimum Two director (both can be same person)
- Registered Office
Minimum Requirement for Public Limited
- Minimum Seven Shareholder
- Minimum Three director (both can be same person)
- Registered Office
Documents Requirement :-
- Director’s/ Shareholder’s Documents :
- Passport-sized photograph
- PAN Card
- Aadhar Card or Voter ID
- Proof of Residence (Bank Statement, Electricity Bill, Telephone Bill)
- Registered Office Documents:
- Proof of Registered Office Address (Conveyance/Lease Deed/Rental Agreement)
- Utility Bill (not older than two months)
- No Objection Certificate (NOC) from the property owner
Steps for Registration :-
- Obtain a Digital Signature Certificate (DSC) for the prospective directors and shareholder
- Reserve a name by submitting an application to the Ministry of Corporate Affairs (MCA).
- Prepare the articles of association (AoA) and the memorandum of association (MoA) for incorporation.
- File the incorporation forms, namely SPICe Part B, Inc-33, Inc-34, Agile Pro and Inc-9 on on MCA V3 website.
- Obtain a Certificate of Incorporation/ License
- PAN and TAN of the company.
- Open a bank account under the Company’s name.
- Comply with annual filing requirements and adhere to regulations.
- Post-Incorporation Compliance: – Complete post-incorporation compliance obligations such as naming auditors, holding the first board meeting, and keeping statutory records.
- Notification to ROC: – Notify the ROC of any relevant intimations and documents pertaining to the appointment of directors, registered office, and other changes.
- Start of Operations: Begin philanthropic operations in accordance with the objectives established in the MOA.