Section 8 Company REGISTRATION

(Online Process/Free Consultation)

Register your Section 8 Company anywhere in India. Our dedicated team of professionals at Legal Time will help you to register your Section 8 Company.

Section 8 Company Registration

What is Section 8 Company Registration?

Section 8 company is a company registered with charitable objects such as the promotion of Arts, commerce, science, education, sports, protection of the environment, religion, charity, etc. By promoting it as a not-for-profit organization, the Act does not bar the company from profit creation but rather prohibits distributing of profit among members. This says that all the income or profit from any activity of the company must be utilized towards charitable purpose for which it is registered.

Tech companies and start-ups usually prefer Private Limited company because it is easy to raise funds from venture capitalists. Also funds can be raised through SAFE agreement.

SECTION 8 COMPANY REGISTRATION PROCESS IN INDIA

Step 1: Name approval

For the name approval , an application is filed in the prescribed Form RUN (Reserve Unique Name) with the Ministry of Corporate Affairs. Section 8 companies should contain words like Foundation, Society, Association, Council, Club, charities, Academy, organisation, Federation, Institute, Chamber of Commerce, Development and many more.

Step 2: Digital Signature Certificate (DSC)

All proposed directors of the Company must have a digital signature that will be used to file the online Company Registration application.

Step 3: Application for Section 8 Company Registration from Regional Director(MCA)

We will apply for Section 8 company registration license from Regional director.The regional director will review the objectives, plans and will grant a permit for Section 8 Company registration. 

Step 4: Submission of Final Incorporation form of Section 8 Company along With MOA & AOA

After obtaining License for Section 8 Company Registration, we will Proceed to file final forms along with MOA &  AOA.

Step 5: Bank Account

Open your bank Account and Launch your business.

Benefits

Registration under Section 8 of Companies Act, it obtains a special status – distinct from other entities. Not only the company enjoys tax exemptions, but also the donors can claim an exemption for the donation made (under Income Tax). Apart from tax exemption, the company is also exempted from the applicability of many compliance-related provisions.

There is no stamp duty is imposed on the incorporation of Section 8 Company in India as it is against the provision of the payment of stamp duty on the MoA and AoA of the private limited company.

Section 8 Company enjoys the benefit of the corporate entity, it is not labelled as the corporate entity. The company does not need to add the suffix “Private Limited” or “Limited” after its name. This exemption is provided so that third parties offer their attention to the company’s purpose and not its status assuming it is profit making organisation.

Under Section 80G, the exemption is granted to the donors if the section 8 company is registered under section 80G.

Being registered as a company, it obtains a separate identity apart from its members.

Get a free consultation for Section 8 Company Registration by scheduling an appointment with Legal Time.

Why Choose us

1. STARTUP’S FIRST CHOICE

We ensure startups to focus on their project and leave all the legalities and documentations to us. From our technology driven platform and on time delivery startups prefer us to do Company registration.

2. TECHNOLOGY DRIVEN PLATFORM

100% Technology driven platform to speed up your company registration process and make your life easy

3. BEST PRICING

We understand the value of money for startups. We offer complete transparency and affordable cost to startups.

4. 100% ONLINE SERVICE

Fully online service so that you can start and complete the process without running around from the comfort of your home or office.

5. EXPERT PROFESSIONALS

At Legal Time, we work only with experienced Chartered Accountants & Company Secretaries to handle your company registration.

Requirements

Minimum two / three Directors
Minimum two / seven shareholders
Charitable Objects
Address Proof for Registered Office

Documents Required

PAN CARD

Pan Card of Shareholders & Directors

PHOTOGRAPH

Latest Passport size photograph of Shareholders & Directors.

ADDRESS PROOF

Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.

IDENTITY PROOF

Aadhar Card/ Voter ID/Passport/ Driving License of Shareholders & Directors.

FOR REGISTERED OFFICE

Rent agreement

Utility bills-telephone, electricity, and municipal (Not older than 2 Months)

NOC From Owner.

Post Company Registration Requirements?

Mandatory Compliances

  • Commencement of Business: File a declaration in Form INC-20A to obtain the Certificate of Commencement of Business.
  • Intimation of Registered Office Address: Intimation of Registered Office Address to R.O.C within 30 days of incorporation by filing a Form INC -22.
  • First Auditor Appointment: Appointment of First Auditor within 30 days of incorporation
  • Share Certificates: The Share Certificate to the subscribers of the MOA needs to be issued within 60 days of incorporation 

GST Registration

GST (Goods and Service Tax) registration is required for Business with annual turnover exceeds Rs. 40 Lakhs (Rs 20 Lakhs for Northeast states).GST registration is mandatory for particular businesses like Export-Import, E-commerce, and Market Place Aggregator.

Trademark/Patent Registration

Trademark and Patent gives protection  from infringement and duplication. With this, competitors cannot affect your brand and market value. The logo provides protection under the Trade Marks Act 1999.

Get a free consultation for Section 8 Company Registration by scheduling an appointment with Legal Time.

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