Easy Process & Transparent Fee
For the purpose of promotion of commerce, art, science, religion, charity or any other useful object, a company can be incorporated after obtaining section 8 license from the central government. The license is essentially permission to delete private Limited from the proposed name.
How to Register Section 8 Company
Section 8 company is suitable for the non-profit objectives such as the promotion of commerce, art, science, sports, education, research, social, welfare, religion, charity, protection of the environment and the like. The process of incorporation of a section 8 company is similar to that of any other company registration in India with an additional requirement of a license from the central government under section 8 of the companies act, 2013. We have dedicated page to explain the detailed process of section 8 registration.
- Process of Section 8 Company Registration
- Difference between section 8 company, Trust and Society
- Exemptions To Section 8 Company under Companies Act
Important Points on Section 8 Company
1
No Profit Motive: The companies registered under section 8 of the companies act, cannot distribute profits or assets to its members.
2
Voting Rights: The voting rights to the members of section 8 company are based on the number of shares, similar to that of any other company.
3
No Minimum Capital: There is no minimum level of capital prescribed, hence a section 8 company can be incorporated with the capital as required by it.
4
One Resident Director: One director of the company must be resident in India. A person is said to be a resident when he stays in India for at least 182 days in the FY.
Section 8 Company Registration @ ₹ 9,999/-
ROC Fee, Stamp Duty & GST on Actual Basis | All India Service
List of Documents Required For Section 8 Company Registration
| A. Documents of Directors/Shareholder | B. Documents For Registered Address |
| Passport Size Colour PhotographSelf attested Pan CardSelf attested Aadhar CardAddress Proof: (any one document)Telephone BillGas Bill,Electricity BillBank StatementIdentity Proof: (any one document)PassportVoter IDDriving License | Proof of Premises:TelephoneElectricityWater BillNo Objection Certificate (NOC) From Owner. |
Process & Time Line – Registration of Section 8 Company
- Making of DSC for all Directors and Shareholders – (Day 1)
- Decide the name of the company in view of naming guidelines of the MCA. Please refer How to Keep Business Name How to Keep Business Name. Then file online RUN Form for name approval. – (Day 1-2)
- Drafting of MOA, AOA, Declarations & Other Relevant Documents, Filing of SPICe+ Form for Incorporation of Company – (Day 2-6)
- Open Bank Account, transfer capital and then file INC 20A (Declaration to Commence Business of the Company).
