Sec 8 Company Registration

Sec 8 Company (NGO) Registration

Ideal for operating in different types of areas
To achieve credibility & reliability in the Society with the features of Company

Starting At Just Rs. 9,999*

Deptt charges extra as appliacble

(Takes 30-45 days)

Sec 8 Company Registration

Sec-8 Company

Section 8 Company is a company that is only registered for charity purposes or for the organization’s objectives towards the society. Section 8 Company is a Company that is licensed under Section 8 of the Companies Act, 2013, erstwhile known as the Section 25 Company under the Companies Act, 1956, which had the main object; For promoting research, social welfare, religion, charity, commerce, art, science, sports, education, and the protection of the environment or any such other object, provided that the profits, if any, or the other income is applied for promoting only the objects of the company and Also, No dividend is paid to its members.

Furthermore, Section 8 Company is somewhat similar to a Trust or Society, the only exception is that a Section 8 Company is registered under the Central Government’s “Ministry of Corporate Affairs (MCA)” and on the other hand, the Trusts and Societies are registered under State Government rules and regulation.

Advantage:-

  • Many privileges and exemptions under the Company Laws.
  • Exemption from stamp duty for registration
  • Tax deduction to the donors of the company
  • These companies can be formed without share capital, the funds are brought in the form of donations
  • The shares of the company can be transferred easily
  • These companies exempt from keeping any titles or suffix.

Registration Requirements:-

  • ID proofs for members of the Company
  • Address proof of the members
  • Passport size photos
  • Copy of rent agreement (if rented only)
  • Copy of property papers (if any)
  • Copy of water or electricity bills
  • Landlord NOC

Statutory Obligation:-

  • The revenue of the company shall only be applied for the promotion of the main objective
  • Sharing the profit with the promoters is strictly prohibited
  • The company registered under Section 8 of the company shall not alter the provisions of its memorandum or articles except the previous approved by the Central Government
  • The income tax rates are applicable at the same rates as they applicable to other companies
  • No member of the company should be appointed as a remunerated officer
  • No incentives