Section 8 Company

( Section 8 Company )

Section 8 Company is a non-profit organization registered under the Companies Act, 2013, established for promoting charitable objectives such as education, arts, science, sports, social welfare, or environmental protection. It does not distribute profits to its members; instead, all profits are reinvested to further the organization's objectives. Registration provides the company with legal recognition, credibility, and eligibility for tax exemptions and government grants.

Requirement Document Benifits FAQ
Section 8 Company-Registration in affordable price-12,000rs

Requirement Document Section 8 Company

  • Identity and Address Proof
    • - Passport sized photograph of the director
    • - PAN card of the director
    • - Aadhar card of the director
    • - Latest bank statement/telephone or mobile bill/electricity or gas bill
  • Office Requirements
    • - Rent agreement if office is rented
    • - NOC from the property owner
    • - Property ownership proof if self-owned
    • - Utility bills of the registered office
  • Digital Requirements
    • - Digital Signature Certificate (DSC) of director
    • - Director Identification Number (DIN)
    • - Email ID and mobile number for OTP verification
  • Business Documents
    • - Proposed company name
    • - Details of nominee
    • - Authorised Share capital
    • - Subscribed Share Capital
    • - List of Shareholders & Directors
    • - In Identity and Address Proofs

Benefits of Section 8 Company

1.Legal Recognition

A registered trust is recognized by law, which provides legitimacy and can enhance credibility, especially when dealing with donations or grants.

2.Tax Benefits

Registered charitable trusts are eligible for tax exemptions under Sections 12A and 80G of the Income Tax Act. This includes exemption from income tax and eligibility for donors to receive tax benefits.

3.Asset Protection

Assets held in trust are protected from personal liabilities of the trustees, and the trust structure can help manage and preserve assets across generations.

4.Access to Funding

Registered charitable trusts can access government grants, donations, and other funding opportunities available for NGOs and charitable organizations. Credibility

FAQ ( Frequently Asked Questions )

A Section 8 Company is a type of company incorporated under Section 8 of the Companies Act, 2013. It is formed for promoting commerce, art, science, religion, charity, or any other useful object.

Registering a Section 8 Company offers several benefits, including tax exemptions, limited liability for members, and legal recognition.

Any group of individuals or organizations can register a Section 8 Company, provided they meet the requirements specified in the Companies Act.

Key requirements include a minimum of three members, a specific name, a registered office, and a clearly defined objective that promotes a charitable or beneficial cause.

The time for Section 8 Company registration can vary depending on the efficiency of the registering authority and the completeness of the required documents.

Yes, there are typically fees associated with Section 8 Company registration, including registration fees and stamp duty.

While a Section 8 Company is primarily a non-profit organization, it can generate income to support its activities. However, the profits cannot be distributed among its members.

Section 8 Companies must have a governing body, such as a committee or board of directors, to manage its affairs.

Section 8 Companies are generally exempt from income tax if they meet the specified criteria and utilize their income for charitable or beneficial purposes.

Yes, a Section 8 Company can convert into a profit-making company, but it requires the approval of the Central Government and involves certain formalities.

Get Our Expert Opinion

Our experts provide comprehensive guidance on company registration, compliance, licensing, accounting, NGO registration, and intellectual property (IP) services, ensuring full adherence to legal and financial regulations. As a one-stop center for legal, audit, accounting, and IP needs, we help you navigate documentation, legal requirements, tax implications, financial reporting, and intellectual property protection with ease. Our goal is to provide expert support at every step, ensuring a seamless and hassle-free experience for you.

Expert Image

Contact Us

Want to know more about our services? Contact us now!

Phone Call WhatsApp