What is Section 8 company?

A Section 8 company, also known as a not-for-profit company or a non-governmental organization (NGO), is a type of organization that is established for promoting charitable causes, such as art, culture, education, science, research, sports, religion, social welfare, etc.

Section 8 companies are governed by Section 8 of the Indian Companies Act, 2013. Unlike other companies, Section 8 companies do not have the objective of earning profits for their shareholders. Instead, they work towards promoting the stated objectives of their organization. Any profits generated by a Section 8 company must be reinvested in the organization, and cannot be distributed as dividends to its members.

Section 8 companies enjoy certain benefits, such as exemption from certain provisions of the Companies Act, 2013, and tax benefits under the Income Tax Act, 1961. To register a Section 8 company in India, the organization must have at least two directors and two shareholders, and must obtain a license from the Registrar of Companies (ROC). For Section 8 company registration choose us. We are the best provider for every type of registration. The registration process can take several weeks and involves submitting various documents, including the company’s memorandum and articles of association, and a detailed business plan outlining the organization’s objectives and proposed activities.

Example –

  • Infosys Foundation
  • Reliance Foundation
  • TATA Foundation
  • Reliance Research Institute

are the examples of section 8 company

Document Required for section 8 company

  • PAN Card of Directors
  • Address proof
  • Contact information directors
  • Electricity & water bill of directors
  • Proof of ownership of the company premises
  • Rental agreement
  • 2 Photographs ( passport size )

Section 8 Company

Registering a Section 8 company online is a convenient and streamlined process for those aiming to establish a non-profit organization. To begin the registration, certain documents are required, which may include the memorandum of association, articles of association, and other essential details of the proposed organization. Section 8 company registration has specific requirements, such as ensuring that the company’s primary objective is to promote charitable or social welfare activities. Understanding the importance of compliance, we provide comprehensive guidance to meet the requirements for registering a Section 8 company. The cost of Section 8 company registration may vary depending on factors such as the complexity of the organization and the services required. By opting for online registration, the process becomes more efficient and time-saving. We assist in guiding you through the Section 8 company registration procedure, ensuring that all necessary steps are followed diligently. From filing the required documents to obtaining the necessary approvals, our team is equipped to handle the intricacies of the registration process. If you are considering registering a Section 8 company, we can provide the expertise and support you need to navigate the registration process smoothly. Contact us today to discuss the registration procedure for a Section 8 company and embark on your journey of making a positive social impact.

Minimum Requirements to start a section 8 company

  • At least 2 shareholders/At least 2 Directors
  • At least 1 Director must be resident in India
  • Necessary documents MOA & AOA
  • Other requirement

Advantages of Section 8 Company

  • Unique legal entity
  • No minimum capital
  • Benefit in tax
  • zero stamp duty
  • Creaddibilty

procedure for Section 8 company Registraton

  1. Apply for Digital signature
  2. Apply for name availability/ Name approval
  3. Apply for AoA and MoA ( license )
  4. Your Section 8 Corporation is now operational