A Section 8 Company is specially formed for a charitable purpose or to support a form of art. It is governed by the Ministry of Corporate Affairs (MCA) and comes under the Companies Act 2013. Section 8 companies enjoy various benefits in the form of legal relaxation all because of their purpose of formation. Take your first step with us. Get started just in a few clicks!. Hassel Free Online Section 8 Company Registration.
Who should start their corporate journey by establishing a Section 8 Company?
Section 8 company operates as a charitable or a not-for-profit organization working to enhance the quality of research, sports, charity, art, science, social welfare, education, religion, or environmental protection industries. The profit which Section 8 Companies earn goes straightly for the betterment of fields mentioned above. However, Section 8 Companies & charitable trusts are not the same things. Former comes under the governance of the Ministry of Corporate Affairs & Latter is governed by the State Government Regulation.
1. High Credibility
You enjoy the privilege in form of no extraordinary or annual general meetings. The provisions of Section 174 of the Companies Act, 2013 relating to a quorum of meetings for the Board are not applicable on OPC.
2. Tax Privilege
Donors enjoy extra tax deductions which makes it easier to attract more and more donors & stakeholders.
3. Name Approval
OPC doesn’t need to add private limited in its name. the company can be registered without it.
4. Fast Online Registration
Legal24by7 makes your Section 8 Company registration a lot easier & quick. You don’t have to go through a long & struggling legal procedure of understanding, compiling, and conducting the documentation & the registration itself because Legal24by7 takes this role & performs it flawlessly for you.
• Self-Attested Copy of the PAN Card
• Other Identity Proof like Aadhar Card/ Passport / Driving License / Voter Identity Card
• Passport Size Photo of Directors
• Self-attested Copy of Telephone Bill / Mobile Bill
• Bank Passbook or other statement reflecting recent transactions.
• Self-attested copy of electricity bill/water bill
• List of Directors / Shareholders (Minimum 2 members who are not minors or more)
• At least one Director Should be Indian
Additional Documents
• No-Objection letter by the owner of the address company is using
• Supporting documents to be signed by the owner to verify the address like Electricity Bill / Telephone Bill / Gas Bill / Water Bill
1. Select Package
Your journey starts with the package selection. Our team of professionals is here to assist you & solve your doubts accordingly.
2. Name Approval
We will assist you with the most exciting step which is naming your dream company & getting it approved by the submission of the RUN form.
3. INC 13 Form
It is our responsibility to fill INC Form for you
4. Approval From the Central Government
To get the license as a section 8 company we will you to file INC 12 form
5. Spice32 Form Submission
You don’t have to worry about the Spice32 form submission with MCA, we are here to assist you in that.
Legal25by7 is here for you on every step of your Section-8 Company Registration. If you have any doubt about whether to go for any other type of company, we are here to resolve this confusion for you. We will enlighten you about what are the different ways you can set up your dream organizations and what benefits you get from each one of them. Your dream is to start your journey and our aim is to see you do it smoothly.
For convenient registration of a Section-8 Company, we have a team of highly skilled professionals and a large network of people who can assist you with every service that you will need. We are ready to play the role of facilitator and see you climb the ladder of success; all you need to do is to take the first step and connect with us.
A Section 8 Company is registered under the Companies Act 2013 as a charitable or not-for-profit organization.
Donors prefer Section 8 Company because it is more credible as it is registered under the purview of the Central Government while Trust registration falls under State Government.
There is no minimum capital requirement to start a Section 8 Company.
A minimum of two directors are required to start a Section 8 Company.
A minimum of two shareholders are needed to form a section 8 company in India.
Foreigners cannot form a section 8 company but things are different if they have an Indian resident to partner with.
Yes, it can happen
Yes, it is compulsory
Yes, it can happen but only if there is one Indian on the board of directors.
The Memorandum of Association contains all material information about the company & the limits of its operation. It has a larger scope than AOA.
The Articles of Association define the internal policies & structure of the company. It has a narrow scope than MOM.
The share capital is limited by shares or by a Guarantee.
