What is a Section 8 Company?
A Section 8 Company is a Non-Profit Organization (NPO) which is established with the intention to promote art, science, commerce, religion, charity or any other advantageous object. The profits derived from such promotion cannot be used by the members but can only be utilized to support and promote the objectives of the company.
Documents Required for Company Registration
TO BE SUBMITTED BY DIRECTORS & SHAREHOLDERS
- Scanned copy of Pan Card or Passport (Foreign Nationals and NRI’s)
- Scanned Copy of Aadhaar Card/ Passport/ Voter’s id
- Scanned passport sized photograph
- Scanned copy of latest Bank Statement/Mobile Bill/ Gas Bill or Electricity Bill.
FOR THE REGISTERED OFFICE
- Scanned copy of notarized rental agreement by the director on behalf of the proposed company. (After name approval process)
- Scanned copy of NOC from Landlord.
- Scanned copy of Latest Electricity bill/ Telephone(Landline) Bill/ Gas Bill.
Note : Your registered office need to be a commercial space; it can be your residence, too.
Company Registration Process
1 WORKING DAY
All directors must apply for the Digital Signature Certificate (DSC), which is necessary to file the company registration documents by applying for a Director Identification number (DIN).
2 WORKING DAYS
As soon as we apply for the DSC and DIN, we will ask you to pick a name for your company, and send us some scanned documents regarding it and its directors. Our suggestion is to give a minimum of 3 names. The Registrar of Companies shall select the appropriate name.
6 WORKING DAYS
Once the name is approved, the final form preparation will begin which shall include the rent agreement for the proposed registered office of the company. At this stage INC-32 along with the MOA and AOA of the company shall be filed.
7 WORKING DAYS
obtain the license under section 8 of new companies with a charitable objective. The person who is desirous to incorporate a Section 8 Company is required to file an application in requisite form along with the prescribed fees to register for a license.
1 WORKING DAY
Every company needs a registered Permanent Account Number (PAN) and Tax Account Number (TAN). We will make the application online ourselves. The PAN and TAN will be couriered to your registered office address in 21 working days.
|Private Limited Company||Limited Liability Partnership||One Person Company|
|Start-ups and growing companies||Professional services firms||Sole promoters|
Ease of Accommodating Investment
|Very easy to accommodate||Possible, but unlikely||Possible, but severely unlikely|
Limited Liability Protection
|Few benefits||Most efficient||Few benefits|
|Know More »||Know More »||Know More »|
WHAT IS DIGITAL SIGNATURE CERTIFICATE AND WHY IS IT REQUIRED FOR COMPANY INCORPORATION?
Digital Signature Certificate (DSC) as the name suggests it is a digital signature of an individual and it is required for filling the e-forms of company incorporation electronically to Ministry of Corporate Affairs.
WHO CAN BECOME A DIRECTOR OF A PRIVATE LIMITED COMPANY?
The Director required to be above 18 years of age and must be an individual. He may or may not be citizen or residence of India. We can say that even foreign nationals can be Directors in Indian Private Limited Company but at least one director must reside in India during majority of the calendar year.
WHAT IS THE MINIMUM LIMIT OF DIRECTORS TO FORM A SECTION 8 COMPANY?
In case of Section 8 Company, minimum no. of director is two.
WHAT IS THE LIMIT OF MEMBERS TO FORM A SECTION 8 COMPANY?
In case of Private Limited Company, minimum no. of members is two and maximum are two hundred.
HOW MUCH MINIMUM CAPITAL REQUIRED TO FORM A SECTION 8 COMPANY?
In case of Section 8 Company, minimum capital required is Rs.1,00,000/-.