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Package inclusions

  1.  Free Incorporation Advisory by expert Chartered Accountant

  2.  2 DSC & DIN of Directors

  3. Name Reservation

  4.  Central Govt. License

  5.  NGO Identification No

  6.  MoA & AoA

  7.  Form INC-12 Approval

  8.  Company PAN & TAN

₹ Register the most trusted form of NGO in India and embrace the range of benefits and legal exemptions with ComplyKart NGO Experts.

  • Complete solution for starting a Nidhi Company, including incorporation of limited company, issue of shares and obtaining Nidhi status.

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What is Section 8 Company??

Section 8 of the Companies Act, 2013 covers the provisions for incorporation of Non-Profit Organizations/Non- Government Organizations (NPO/NGO) that are intended for charitable causes in the fields of education, environment, child welfare, religion, science, sports, research, social welfare and the likes. These organizations function like limited companies, except that the dividends cannot be paid to their members, and the profits, if any, are to be used solely for the purpose of promoting the organization’s objectives.

NGOs are similar in nature to Trusts or Societies, except that they are registered under the Ministry of Corporate Affairs, whereas Trusts/ Societies come under State Government regulations. While Trusts are managed by Trustees as per a Trust Deed, Section-8 companies are managed by a Board of Directors based on their MOA and AOA. A Section-8 company requires at least 2 directors for incorporation, but there is no upper limit on the number of directors.

This, however, has various advantages when it is compared to Trust or Society and it also has higher credibility amongst the donors, Government departments, and other stakeholders. Further, the key feature of this Company is that the name of the Company can be incorporated without using the word “Limited” or “Private Limited” as the case may be.

Like other companies, a Section 8 Company will also have revenue, expenses, profits and losses. However, in a Section 8 Company the profits can be used only for the charitable or not-for-profit purposes mentioned in the MOA, and the company dividends cannot be distributed among the members of the company. Section-8 Companies can be suffixed with words like Association, Foundation, Society, Council, Club, Charities, Institute, Academy, Organization, Federation etc., as per their nature and function.

Complykart is the Industry leader and trusted Company in Registration and managing hundreds of Companies across India. With a team of expert professionals, we offer exceptional services in minimum time. Get a free consultation for Section-8 Company registration and business setup in India by scheduling an appointment with our expert professionals.

Advantages of Section-8 Companies

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Philanthropy

This should be the primary motivation behind setting up a Section 8 Company- a desire to bring about welfare. Once this point is checked, the next few points cover the ways in which a Section-8 company format is advantageous over independent philanthropy and other similar structures like Trusts and Societies.

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Privileges and Exemptions

The Companies Act, 2013 lists many exemptions for companies established under Section 8, like absence of upper cap on the number of directors, certain tax exemptions, no minimum paid-up share capital, to name a few.

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Transferability

The management of a Section 8 Company can be easily transferred from one person to another by altering the composition of Board of Directors. The shareholders can also exercise a certain level of control in a Section 8 Company

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Recognition and Credibility

Section 8 companies enjoy better recognition and legal standing as compared to Trusts and Societies, hence, have higher credibility among donors, government departments and other stakeholders.

Registration Procedure

  • 1

    The documents, as explained by our experts should be readied before starting the registration process. This includes a registered office address with documentary proof.

  • 2

    All document submissions are done electronically and hence every company must obtain a Digital Signature Certificate (or DSC), which is used to verify the authenticity of the documents.

  • 3

    Application for name reservation can be made at the MCA. Subject to availability, naming guidelines and MCA processing time, name approval can be obtained in 2 to 5 working days

  • 4

    Once the name is approved, application is filed to obtain the license for Section-8 Company for charitable purposes.

  • 5

    Apply for license and obtain certificate of incorporation (COI) for Section-8 Company followed and also includes PAN and TAN. This process typically takes 10 working days

Documents Required

Documents Required

  • PAN is mandatory for Member and Nominee.
  • Notarized copy of Passport for Foreign Nationals
  • Reservation of Application of name in RUN Form
  • Identity Proof of Member and Nominee
  • Address Proof of Member and Nominee
  • Copy of Proof of Registered Office Address
  • Written Consent o0f Nomine in Form INC-3
  • If the place is rented, the No objection certificate from the landlord is required.

Compare your Options

Comparison of Popular Company Registration Options

All Features

Price

  • Recommended for
  • Venture Capital Funding
  • Limited Liability Protection
  • Dividend Tax
  • Deposits from public
  • Share Listing in Stock Exchange
  • Credibility

Public Limited

₹37899

  • Growth Stage and also for early stage with broad business vision
  • 10/10

Private Limited

₹12999

  • Early-stage entrepreneurs with broad business vision
  • 7/10

Limited Liability Partnership

₹7999

  • Professional service firms
  • 5/10

Why ComplyKart

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GST Consultation

Get free consultation on GST Registration and Returns from a ComplyKart Professional.

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Learning Center

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Dematerialisation

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In a major step to keep track of transactions of Corporates and making the things easier and transparent for the Shareholders, the Ministry of Corporate Affairs (MCA) has notified

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Stricking off of LLP

08-28-2018 07:23

A total number of 1171 LLPs are about to be struck off by the Registrar of Companies, Delhi & Haryana, due to non-filing of Financial Statements and Annual Returns for previous two years. In this write up endeavor is made on discussing the validity of this notice

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EVERYTHING ABOUT TRADEMARK

08-28-2018 07:22

In recent times, when Trademark is being considered as an attractive tool by the big entities to show their presence in and outside India, it is at the same time becoming vulnerable to copy by their competitors. Therefore it is crucial to discuss the im

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Experienced Professionals

Our professionals are well experienced and committed to challenges and innovation to tackle.

Service with Smile

Our priority is to offer services at the best possible price and built a strong relationship. We surely bring a smile on your face by giving something extra.p>

We are there at every step to make sure that you have the resources at hand to service your companies ongoing needs.

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