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    OneClick Business Solutions

    REGISTER A SECTION 8 COMPANY

    in just 8,000/- ( Inclusive of All Taxes )

    Keynotes on Section 8 Company Registration

    It takes 10 to 15 days for Section 8 Company Registration
    Completely online service - No physical presence required.
    No Minimum Share Capital required

    SECTION 8 COMPANY REGISTER

    Apply Here





    Online Section 8 Company Registration


    A Section 8 company is a non-profit organization which is similar to a trust or society in India. It is a unique legal entity incorporated under the Companies Act, 2013. The primary objective of company is to promote activities in areas of social welfare, education, art, science, charity, religion and other similar purposes. It is contribute significantly to the development and betterment of society. This type of companies is formed by such entrepreneurs who do not have any profit motive.

    Section 8 Company Registration (NGO/NPO)

    Section 8 company has the authority to work anywhere in the India and it is registered with Ministry of corporate affairs for NGO or charitable purpose. One Click Business Solutions helps to register a section 8 company in short time with different business set-up. We register all types of companies like private limited, public limited, section 8 etc.

    We have a team of well-trained professionals to address legal requirements of different businesses. They know how to register section 8 company and help young entrepreneurs to set-up their business. You can get in touch with us to fast procedure of company formation with the help of highly experienced professionals consultants. You may contact us to know more about online section 8 company registration fees and process.

    How To Register a Section 8 Company?

    How to start your section 8 company today at affordable price? Now One Click Business Solutions provide best legal and accounting services. It will take few working days for complete registration and know the all the requirements of it.

    Reservation of Company Name

    DSC

    Central Govt. License

    AoA & MoA

    All India Validity

    NGO Identification Number

    ROC Fees as per MCA (Ministry of Corporate Affairs)

    Alternatively under the Trust Act 1882, an NGO can be registered as a trust or it can also be registered as a society under the Societies Act 1860. Once registration procedure is completed successfully, a Section 8 company can do its operations anywhere in India.

    Procedure of Section 8 Company Registration

    It is a non-profit organization involved in the social work for the development of the society and country. Let us know the steps of Section 8 company registration process :

    Obtain DSC (Digital Signature Certificate)
    The first step is to get DSC for all the proposed directors in a company. DSC is needed to sign the documents electronically. It is offered by the certifying authority. All the forms are submitted must be self-attested.

    Required details :

    Email ID and Mobile number


    PAN and Aadhaar

    File Name Approval –
    Section 8 companies should include phrases like society, foundation, council, association, club, academy, charities, federation, organization, chamber of commerce, institute, development and others.

    Documentation
    After digital signature and name approval, we will draft all the directors' and shareholders' declarations sheets for their acceptance, articles of association, memorandum of association and subscription sheet.

    Application for license of Section 8 Company registration from Regional Director, MCA (INC-12) –
    Once name approval process is completed, an application should be done to get license from Regional director.
    Plans and objectives will be reviewed by regional director and a permit will be granted for registration. Generally 15 days is needed by Regional Director for issuing a license to start the operation of a Section 8 company.

    Section 8 Incorporation Forms should be filed on the Portal of MCA –
    Once approval is obtained from the regional director, filing the application of section 8 registrations should be made before ROC with the necessary documents.
    As soon as all clarifications are offered to ROC, a certificate of incorporation should be issued with a Company Identification Number (CIN).

    Drafting of AoA and MoA to file applications –
    Once license is obtained, it is suggested to draft the Articles of Association (AoA) and Memorandum of Association (MoA) for filing applications of Section 8 company registration. The purpose of the company will be given in detail in the MoA and the rules. By-laws will be stated in the AoA.

    PAN, TAN and Bank Account –
    It is suggested to prepare PAN, TAN and Bank Account while opting for registration

    Documents Required for Section 8 Company Registration

    ID Proof

    ( Compulsory )

    PAN Card

    Any of the following :

    Votar ID

    Passport ID

    Driving License

    Address Proof

    ( Compulsory )

    Bank Statement

    Electricity / Mobile bill / Electricity bill / Gas bill

    Passport Size Photo

    ( Compulsory )

    Passport Size Photo

    Registered Office

    ( Compulsory )

    No Objection Certificate from the owner

    Utility Bills

    Any of the following :

    Receipt of House Tax

    Rent Agreement

    Proof of Registry

    Key Points to Start Section 8 Company

    Under the Companies Act 2013, there are a number of considerable benefits to register a NGO or NPO under Section 8. Let us follow them :

    Tax Benefits –
    Under the Section 8 Company in India, a number of tax advantages are there.

    There is no minimum capital –
    There is no need of any minimum capital for the company registration

    Distinct Legal Identity –
    This type of company includes a separate legal unit. It reserves an identical legal characterises from the members.

    There is not any Stamp Duty –
    Stamp duty is not imposed on the incorporation of Section 8 Company because it violates the provision of the payment of stamp duty on the AoA and MoA of the private limited company.

    Donators are exempted –
    If the Section 8 Company is registered under section 80G, the donators get exemption under its provisions.

    Credibility –
    It includes enhanced credibility compared to any other type of a charitable organization. It follows strict provision of the Companies Act that needs a compulsory audit each year.

    Eligibility Condition for Section 8 Company Registration

    Following are the eligibility criteria for registration of section 8 company :

    Two or more individual who will operate as a director or shareholder of the company need to satisfy each and every needs and compliances of the registration.

    A person or limited company or HUF is suitable to commence a company registration.

    The objective includes promoting social welfare, sports, education, advancement of art and science and financial help to lower income people.

    Minimum one of the directors should be a resident of India. Under this section, an organization may be a member of the registered companies.

    Members, founders and directors of the organization cannot get any salary in the form of cash or other kind.

    The main goal of the Section 8 Company should be achieved by using the surplus created.

    The company must have project plan and clear objectives for upcoming 3 years.

    Profit cannot be disbursed among the director and members of the organization directly or indirectly.

    Advantages of Section 8 Company

    There is no need of minimum capital

    Separate legal unit

    Exemption of tax

    Best to start NGO or NPO

    Easy transfer of title or ownership

    Donations can be taken

    Stamp duty is exempted

    Highly credible

    Use of title

    Disadvantages of Section 8 Company

    Strict compliances

    Foreign funding is restricted

    Compliance is costly

    Profits cannot be taken out of company

    Penalty under Section 8

    As par the provisions of sub-section (11) of Section 8 of the Companies Act, 2013, if terms and regulations of Section 8 are not followed by the company, then the company will be charged for fraudulent actions and considered punishable. Besides the company needs to pay :

    A fine of Rs 10 lakhs that can exceed to maximum Rs 1 crore

    Every director of the organization will be punished. They would meet imprisonment for three years with a minimum fine of Rs 25000. Though, this can exceed up to Rs 25 lakh.

    Or the responsible person will experience both.

    Frequently Asked Questions

    Ques: What are the purposes to start Section 8 Company?

    It can be registered for a number of social factors such as :

    Poverty

    Education

    Blood Bank

    Disease

    Protection of Environment

    Other objects for common public interest

    Ques: Is there any need of Central Govt. approval for registering a Section 8 Company in India?

    Yes, Central Govt. Approval is essential for section 8 company registration in India. It is needed before company registration.

    Ques: Is there any need of minimum capital for company?

    There is not any need of minimum capital for section 8 company.

    Ques: What will be the period to appoint an auditor?

    An auditor should be appointed by board of directors within 30 days of incorporation.

    Ques: What is the difference between trust, societies and Section 8 Company?

    Trust Societies Section 8
    Trust is a simple registered NGO and does not include any definite power Societies are registered according to Societies Registration Act and therefore authentic Section 8 Company is the most authentic NGO or NPO that is registered under Companies Act, 2013
    Lack of faith Little faith because membership is a crucial factor Enhanced faith
    Trust deed is the most essential document Society deed is the most crucial paper Memorandum of Association is the most crucial deed
    No compliances Compliances according to deed Different compliances that include audit

    Ques: Is there any need of minimum number of members in Section 8 company?

    No, there is no need of minimum number of members for Section 8 Company.

    Ques: How does taxation work under Section 8 company?

    The profits are taxed @30%. If Section 8 Company is registered under section 12AA of Income Tax Act, then its profit is completely exempted and no tax is imposed on the company. It is essential to make compulsory compliances every year to get tax exemption.

    Ques: Is it an easy task to close a Section 8 company?

    No a lot of time and labour is required to close a section 8 company. It cannot be closed by applying any fast track approach like strike off strategy. Before closing of the company, the compliance should be up-to date else the application for closure will not get acceptance.

    Ques: Necessary checklist for registration of Section 8 company?

    Should be clear with social objectives

    Must have idea regarding source of funds and its use

    The documents of minimum 2 persons

    Objectives should be drafted under memorandum in order to prevent rejection by the government department.

    Ques: How to choose name for Section 8 Company?

    Section 8 company is called non-profit organization that targets to operate on the social topics of the society. The names of Section 8 Company may end with "foundation" or any other phrase may be selected.

    Important point to note –
    The new company name does not require matching with the present company or trademark in India.

    Ques: Why a NGO is known as a Section 8 Company? What is the difference between Section 8 and Section 25 company registration?

    Under Company Act 2013, a NGO is registered as a company, known as Section 8 Company. The provisions related to registration of this kind of organization are stated in Section under the Company Act 2013.

    Under Company Act 2013, a NGO is registered as a company, known as Section 8 Company. The provisions related to registration of this kind of organization are stated in Section under the Company Act 2013.

    Ques: What are other important licenses for claiming tax exemption in Section 8 Company?

    Section 8 company registration is known as the first step for starting your NGO in India. It does not offer any exemption of tax. Exemption of tax is offered by Income Tax Act, 1961. A couple of registration procedures are needed for tax exemption :

    Section 12AA Registration to get exemption of the income of the company - In order to claim any exemption under the income tax act, it is necessary to register under section 12AA registration. Once registration is completed, it is important to follow the provisions in order to prevent any scrutiny by tax department.

    Section 80G registrations to give exemption to the donors - If you are registered under Section 80G, any person donates to your organization can claim exemption in his IT return.

    FCRA Registration – If donations are to be claimed from foreign countries, then registration is to be taken under FCRA Act. The company should be at least 3 years old or you need to apply for the prior acceptance in order to get foreign contribution or donations.

    Ques: What are the merits of Section 8 Company?

    Section 8 Company is a non-profit organization that targets supporting the social intentions. A lot of advantages are involved with Section 8 Company Registration compared to society and trust registration. It is easier to register under Income Tax Act, 1961 as section 8 company includes proper documentation. Section Due to central government approval, section 8 includes more authenticity.

    Ques: What are the demerits of Section 8 Company?

    Section 8 Company is one of the finest forms for registration while planning for registering a NGO. Although it includes certain disadvantages that are as follows :

    It is tough to start a Section 8 Company as it needs central government approval

    Its compliance cost is higher than any other type of NGO

    Under Section 8 Company, provisions of penalty are strict

    Ques: What is known as filing annual compliances for Section 8 company?

    Section 8 company needs to arrange a couple of board meetings in a year

    Every year annual return is to be filed with other e-filing forms such as AOC 4, MGT 7 etc.

    Filing income tax return every year is a must

    Additional compliances in order to fulfil the registration are 80G, 12AA and others

    Audit is compulsory

    Ques: Is registration fees for Section 8 Company is higher than trust registration?

    Section 8 Company registration is more costly as compared to trust registration. Central govt approval along with many other additional needs is compulsory to start with. But Section 8 Company is more authentic, includes enhanced trust factor and more satisfaction of the people.




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