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SECTION 8 COMPANY

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About

An NGO or Non Profit Organization is an entity that operates for promotion of art, science, sports, education, research, social welfare, religion, charity, and protection of environment or any such other object.

An NGO can be registered as any of the three structures being Company under Section 8 of the Companies Act, 2013 , Trust or Society.

Section 8 Company format of a NGO is most popular form of NGO in India. It is easy to register, run or manage a Section 8 Company in comparison to a Trust and a Society.

Any kind of Profit or incomes of the Company is applied only for the promotion of the objects of the Company.

According to the Section 8(2) – Section 8 Company shall enjoy all the privileges and shall be subject to all the obligations of the Limited Company.

Benefits

There is no minimum share capital required to form a Section 8 Company.
Shares and other interest of the members of the Section 8 Company are easily transferable and movable, which is not that easily possible with other forms of companies, therefore it is easy to tranfer the ownership of a Section 8 Company.
By filing an application to the Income-Tax Commissioner with required documents and getting an approval from the commissioner, the section 8 company can get the tax exemption. The Donors who contributed to Section 8 Company can also claim the tax exemption against the donation they made U/S 80G.
A section 8 Company is exempted for the payment of stamp duty applicable for registration as applicable in case of other structures such as private limited or a public limited company.
It is easy to manage or run Section 8 Companies in comparison of a Trust and a Society and has various advantages like improved recognition and better legal standing.
There is no requirement of minimum share capital to start a Section 8 Company. These companies are not required to appoint a company secretary.

Documents Required

Individual / Director

Pan Card

Aadhar card/ Voter ID/ Passport/ Driving License of the Director

Latest Bank Statement (should not be older than two months)

Latest Passport Size Photograph

For the Registered Office

Copy of Property Paper (if self owned Property)

NOC (if Parents owned Property)

Electricity Bill (should not be older than two months)

Rent Agreement

Package Includes

Basic

32999

all inclusive fees

2 Digital Signatures (2 Class )

2 DIN

Name Approval

Copy of Certificate of incorporation

PAN & TAN

Capital 1 to 10 lakh

MOA/AOA (Soft Copy)

Includes Government Fees

Excludes Stamp Duty and Forign National

MSME Registration Certificate

21 Useful Legal Agreements/ letters Templatee

Sample Invoice

Help to open a Bank Account

Gold

52999

all inclusive fees

2 Digital Signatures (2 Class )

2 DIN

Name Approval

Copy of Certificate of incorporation

PAN & TAN

Capital 1 to 10 lakh

MOA/AOA (Soft Copy)

Includes Government Fees

Excludes Stamp Duty and Forign National

Annual Report

Directors Report

Board Resolution Preparation

MCA Annual Return Filing

Share Certificate ( Hard Copy )

Income Tax Return Filing

One Time Consultation

MSME Registration Certificate

21 Useful Legal Agreements/ letters Templatee

Sample Invoice

Help to open a Bank Account

Customized

0

Make a Package according to your specifications at a very reasonable price

Submit your Reqiurment

How long will it take?

DSC

1 Working Day

DIN

1 Working Day

Name Approval

Approx 5 Working Days

Incorporation Documents

Approx 8-13 Working Days

Frequently Asked Question

A Section 8 Company or non-governmental organization (NGO) usually termed as non-profit Organisation usually deliver resources or serve some social or political purpose. According to The Companies Act,2013 Section 8 Company can be incorporated to promote Art, Science, and Commerce, education, Sports, Social Welfare, Research, Charity, Religion, Environment and similar objects.
Minimum 2 Directors and 2 Shareholders are required to form a Secton 8 Company.
There is no minimum paid up capial required to form a Setion 8 Company.
Yes, one can convert a Section 8 Company into Private Limited Company.
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Certificates serve as proof of identity of an individual for a certain purpose; for example, a driver's license identifies someone who can legally drive in a particular country. Likewise, a digital certificate can be presented electronically to prove one's identity, to access information or services on the Internet or to sign certain documents digitally. DSC or Digital Signature is a physical signature in an electronic format. Digital Signatures are used in India for online transactions such as Filing Annual Return, Company or LLP Incorporation, Income Tax E-Filing, E-Tenders, etc. The different types of Digital Signature Certificates are: Class 2: Here, the identity of a person is verified against a trusted, pre-verified database. Class 3: This is the highest level where the person needs to present himself or herself in front of a Registration Authority (RA) and prove his/ her identity.
DIN is the acronym for Director Identification Number issued to any person who has applied to the Ministry of Corporate Affairs and is a pre requisite to be appointed as a Director of any private or public limited company.
Members of the Section 8 Company don't get any dividend.
Section 8 Company cannot use suffix 'Pvt. Ltd' or 'Ltd' with its name.
One needs to file an application to the Income-tax commissioner with the required supporting documents. On the satisfaction of the commissioner, he shall grant the tax exemption to the company. The Donors who contributed to Section 8 Company can also claim the tax exemption against the donation they made

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