SECTION 8 COMPANY
A "Section 8 Company" is a specific type of legal entity in India, primarily established for non-profit purposes. It derives its name from Section 8 of the Companies Act, 2013, which governs such organizations. These companies are formed with the primary objective of promoting social welfare, charity, education, and similar activities.
STARTING FROM RS. 14999/-
ABOUT SECTION 8 COMPANY
Here is a breakdown of key characteristics and features of a Section 8 Company:
Non-profit Nature: Section 8 Companies are not established for making profits. Their primary purpose is to promote social welfare and other specified objectives.
Limited Liability: Members or shareholders of a Section 8 Company have limited liability, meaning their personal assets are not at risk to cover the company's debts or liabilities.
No Dividends: Unlike other types of companies, Section 8 Companies cannot distribute dividends to their members. Any surplus generated must be reinvested in furthering the company's charitable objectives.
Objectives: The main objectives of a Section 8 Company can include promoting art, commerce, science, education, research, social welfare, religion, charity, protection of the environment, or any other similar purpose. These objectives must be specified in the company's Memorandum of Association.
Government Approval: To form a Section 8 Company, you need to obtain approval from the Central Government of India. The government ensures that the company's objectives are genuinely charitable and will benefit the public.
Name: The name of a Section 8 Company must include the words "Foundation," "Association," "Society," "Council," "Club," "Charity," "Institute," or other similar terms, signifying its non-profit nature.
Regulation: Section 8 Companies are regulated by the Ministry of Corporate Affairs in India and must comply with the Companies Act, 2013.
Tax Benefits: Section 8 Companies may qualify for certain tax exemptions and benefits under the Income Tax Act, which can encourage donations and contributions for their charitable activities.
PROCESS OF SECTION 8
INCORPORATION
1. CHOOSE A COMPANY NAME
To find out the availability of your proposed name, simply enter it into our online company name-check tool. This system will compare any name you enter against the Index of Company Names at Companies House.
2. SELECT A COMPANY FORMATION PACKAGE
We offer a wide selection of packages for companies limited by shares, in addition to tailor-made packages for Non-UK Residents, companies limited by guarantee, Public Limited Companies (PLCs), and Limited Liability Partnerships (LLPs).
3. ADD COMPANY ADDRESS SERVICES
All limited companies must provide details of a registered office. A service address must also be supplied by each director, subscriber, company secretary, and Person with Significant Control (PSC).
4. COMPLETE THE CHECKLIST PROVIDED BY US
Our online application form is really easy to complete, requiring only a few minutes of your time. You must provide the following information:
-Company name
-Registered office address
-Description of main business activities (SIC code)
-PAN of the Director and Nominee – self attested color copies
-Aadhar card of the Director and Nominee – self attested color copies
-Passport sized Photograph of the Director and Nominee
-Driving licence / voter ID of the Director and Nominee
-Electricity Bill/water Bill/ Gas bill/ Bank statement of the Director and Nominee
-Electricity Bill/water Bill/ Gas bill of the registered office
PRICING
CHOOSE YOUR PACKAGE
BASIC
*STAMP DUTY INCLUDED
₹ 14999/-
ALL INCLUDES
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2 DIN & 2 DSC
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1 Name Approval Letter
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Stamp duty on Authorized Capital upto INR 1 Lakh
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Certificate of Incorporation
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Copy of MOA & AOA (E-Copy)
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E-PAN & E-TAN
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Share Certificates
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ESIC Registration through SPICe Plus
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PF Registration through SPICe Plus
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Bank Account opening through SPICe Plus
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License of Section 8
STANDARD
*STAMP DUTY INCLUDED
₹ 16999/-
ALL INCLUDES
-
2 DIN & 2 DSC
-
1 Name Approval Letter
-
Stamp duty on Authorized Capital upto INR 1 Lakh
-
Certificate of Incorporation
-
Copy of MOA & AOA (E-Copy)
-
E-PAN & E-TAN
-
Share Certificates
-
ESIC Registration through SPICe Plus
-
PF Registration through SPICe Plus
-
Bank Account opening through SPICe Plus
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License of Section 8
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MSME Registration
PROFESSIONAL
*STAMP DUTY INCLUDED
₹ 21999/-
ALL INCLUDES
-
2 DIN & 2 DSC
-
1 Name Approval Letter
-
Stamp duty on Authorized Capital upto INR 1 Lakh
-
Certificate of Incorporation
-
Copy of MOA & AOA (E-Copy)
-
E-PAN & E-TAN
-
Share Certificates
-
ESIC Registration through SPICe Plus
-
PF Registration through SPICe Plus
-
Bank Account opening through SPICe Plus
-
License of Section 8
-
MSME Registration
-
Trade Mark Registration
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HOW TO INCORPORATE COMPANY
Process of incorporation of company
DOCUMENTS VERIFICATION
One of the person from our team will collect all the imformation and documents for incorporate company. All documents should be signed. After reciveing documents our expert will verify the same and they will update you time to time for the same.
APPROVAL OF NAME
Once the verification is complete our team will apply for name approval of company which name is given by you. After that they will apply for Digital Signature Certificate also.
CERTIFICATION
Our team will draft the MOA (Memorandum of association) and AOA (Articles of association) and they will also file all the mandatory forms. Once Certificate of incoporation, PAN & TAN recived you can apply for your bank account open.
