Section 8 Company Registration

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Find information about Section 8 Company Registration Process, Section 8 Company Registration Plans, Registration Procedure, Documents Required,

Company Registration Process Fees

Section 8 Company Registration

Section 8 Company is a type of entity that is introduced to support and promote explicitly the domains such as commerce, science, education, art, research, sports, religion, social welfare, environment protection, etc. Companies under this classification need to register according to the Section-8 of Companies Act 2013 as a Non-Profit Organization (NPO). The sole objective of these companies is to promote objects as promoting arts, commerce, education, charity, protection of environment, sports, science, research, social welfare, religion and intends to use its profits (if any) or other income and none of the members shall be paid an income or a dividend.Such companies obtain an incorporation certificate from the central government and are liable to adhere to the rules specified by the government.

Steps to be followed for Section 8 Company Registration

-Make sure that the following basic requirements are met before starting the registration.
-For a Private Limited Co., minimum two directors while for a Private Limited NGO, two shareholders.
-For a Public Limited NGO, a minimum of seven shareholders and for a Public Limited Co, a minimum of three directors.
-Director Identification Number and Digital Signature Certificate are available for all the directors.
-You would need to obtain DIN & DSC and thereafter get the company name registered which happens on the terms that the name is not conflicting with the 'Reserve Unique Name'. Following that, there are forms such as Form INC-12 along with MoA and AoA are sent to avail License and Certificate of Incorporation.
-At Luxe, we provide services that help you in setting up the company exactly according to your requirements and expectations hassle-freely.

What are the benefits of Section 8 Company?

Easy to form
Recognisable as a separate legal entity
No dependence upon any of the member's presence. Business tends to continue even if the owner doesn't exist.
More flexible
Limited liability
Tax benefits when compared to a public company.
Various exemptions and privileges happen to be a result of the Companies Act, 2013.
No compulsion on the use of words 'Section 8' or 'Limited' in the title nor stamp duties.

Documents Required For Section 8 Company Registration

Name & Nature of Section 8 Company
Pan Card, Adhar card & Photo of directors
Voter id & bank statement directors
Electricity bill of registered office
Rental Agreement (if rented)
NOC from Landlord (if rented)

If you would like to get the Section 8 Company Registration job completed all by yourself, it would be time-consuming and confusing. There isn't one single source of information that can clear your doubts as policies and procedures change over time. We at Luxe, are specialized in this field and have a good experience and expert knowledge on getting things done smoothly and hassle-freely.

You could plan your business by sipping a cup of coffee peacefully while we take care of the registration process for your ambitious and successful Section 8 Company Registration.

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