Section 8 Company REGISTRATION
When diving into the world of Section 8 Company, things might seem a bit tangled with terms like trust, society, and NGO. Basically, Section 8 Company Registration, Society Registration, and Trust Registration all come together as one thing – NGO Registration. The process of registering a Section 8 company is just like registering an NGO. A Section 8 company is a special kind of non-profit organization (NPO) that can be registered as a trust, society, or NGO under Section 8 of the Companies Act, 2013. And guess what? Registering a Section 8 company has even more benefits than registering a society or trust. This type of company is all about doing good things and not making profits. The government gives a special license to Section 8 companies under the Companies Act, 2013. People who want to help, the government, and others trust this kind of company a lot. Its goal is to do things like Art, Science, Literature, Commerce, Technology, Sports, Education, Social Research, Welfare, Religion, Charity, and taking care of the environment.
We're here to make the process of registering your company simple. There are three important things you need to do to get a license to be an NGO or Section 8 company:
- Start your company with the goal of doing good things.
- Use the money you make to keep doing those good things.
- Don't give any of the money to the people in the company.
Come join us on the journey of registering a Section 8 Company, where we make things easy and good things happen.
Why Choose Indiakicompany
- Expert Team: Qualified CA, CS, and lawyers for dependable advice
- Dedicated Support: Personalized assistance from a relationship manager
- Effortless Process: Seamless online management of new company registration
- Fast Processing: Quick and budget-friendly services
- Satisfied Customers: Across every state in India
- Enhanced Security: Robust technology for added protection
- Exclusive Offers: Unlock special deals for web hosting, payment gateways, and more
Why Opt for Section 8 Company or Non-Profit Organization (NPO) Registration?
Promotion of Social Objectives: A Section 8 Company or Non-Profit Organization (NPO) is established to promote activities related to commerce, art, science, religion, sports, education, research, charity, and other beneficial social objectives.
Utilization of Profits and Donations: Profits and donations received by the company are directed solely towards promoting its objectives. No dividends can be distributed to members or owners.
Profit Generation with a Purpose: The term "No Profit" doesn't imply the company can't generate income. It means income must be used to further the company's objectives, not for the benefit of promoters. Profits can be earned, but promoters can't personally benefit from them.
Privileges and Exemptions: Section 8 companies enjoy various privileges and exemptions under Company Law, including:
- Exemption from the requirement of Minimum Paid-up capital.
- Exemption from Stamp duty for registration.
- Non-application of Companies Auditor's Report Order (CARO).
- Registered partnership firms can become members.
- Donors of the company enjoy tax deductions under Section 80G of the Income Tax Act.
Section 8 Company or Non-Profit Organization (NPO) Registration
- PAN and Aadhaar Card: Both PAN and Aadhaar Card of Indian Shareholders and Directors
- Identity Proof: Voter ID, Passport, or Driving License of Shareholders and Directors
- Proof of Address: Latest Telephone Bill, Electricity Bill, or Bank Account Statement of Shareholders and Directors
- Photographs: Passport size photos of all Shareholders and Directors
- Business Address Proof: Latest Utility Bill or Property Tax Bill of registered office address. Rent agreement and NOC from owner if rented property