REGISTER A SECTION 8 COMPANY
STARTING AT RS 20,999/-
Takes 15-20 Days
CONTACT US
What Is A Section 8 Company?
A Non For Profit Company is also known as a Section 8 Company. The objective of the Section 8 Company is the promotion of arts, commerce, charity, education, protection of environment, science, social welfare, sports, research, religion and intends to apply its profits, if any, or other income in promoting its objects. Section 8 Company is a Public Limited Company by nature and is bound by all the rights and obligations that come with such a company. A Section 8 Company cannot distribute dividends to its members and is intended to use its profits solely for the promotion of its objectives. It is similar to a Trust or Society; expect, a section 8 Company is registered with the Registrar of Companies, Ministry of Corporate Affairs. Whereas, Trusts and Societies are registered under State Government regulations.
FEATURES OF A SECTION 8 COMPANY
Separate Legal Entity
A Section 8 company is a separate legal entity from the persons forming it. The ownership can be distinguished from its management unlike in other business form. A Company as a legal entity is capable of owning its funds and other properties.
NO DIVIDEND
A Section 8 Company is prohibited from distributing its profits in the forms of dividend to its members. It shall solely use its profits for the promotion of its objects.
PERPETUAL ENTITY
People may come and go but the company continuous to live on forever. Perpetual Succession means the company shall continue to exist even if the member dies or ceases, etc. Changes within the management does not bring any affect onto the identity of the company.
No Minimum Capital
There is no minimum capital requirement for incorporating a Section 8 Company. A Section 8 Company can be started from a Capital of as low as Rs 10,000/-.
SPECIAL LICENCE
A Section 8 Company requires a Special Licence to commence its activities. In case the Company violates the provisions of Section 8, then the licence can be cancelled by the Central Government.
NO SUFFIX IN NAME
Unlike any other Company, the Section 8 Company is not required to suffix "Pvt Ltd" or "Ltd" to its name. Like any other trust or society it does not have a suffix of a company.
DOCUMENTS REQUIRED
- Photograph of the Members and Directors
- Self-Attested PAN Cards of the Members and Directors
- Self-Attested Aadhar Cards of the Members and Directors
- Voter Id/Driving Licence/Passport of the Proposed Directors
- Latest Electricity Bill/ Bank Statement/ Telephone Bill showing the address of the Directors
- Address Proof depicting the registered office address- Utility Bill- Telephone or Electricity Bill
WHAT YOU GET
- Digital Signature Certificate of 3 Directors
- DIN of 3 Directors
- Non For Profit Company Licence
- Memorandum of Association
- Article of Association
- PAN of the Company
- TAN of the Company
How We Work
Consult Our Experts
Once you fill in the above details, our expert will call you to understand your requirements in a better way and to brief you about the entire registration process and suggest you the course of action. Upon confirmation of our engagement by you, we will dedicate you a relationship manager who will take care of all your needs.
Send Documents Via Email
We at The Consultant Guru, work towards minimizing the hassles of the client, keeping this moto in mind our executives will give you a single check list of documents needed so that we don’t bother you time and again for documents. In case you are short of a few documents, our consultants help you to provide us the maximum possible alternative documents.
Payments & Filings
We believe in the moto of “Pay as we work”. This requires you pay us step by step in 2 tranches instead of giving the whole sum in one shot. The Consultant Guru facilitate payments through secure online payment gateway. After successfully providing the set of documents and partial payment, our experts will start working and provide with regular updates. You will only be required to pay the final sum upon receiving the Certificate of Registration.
Frequently asked questions ABOUT SECTION 8 Company
Every person who proposes to become a director of a company is required to obtain a DIN. A DIN is linked to your PAN Card and is required to be obtained only once in a Life time.
The Directors of the company are required to sign various E-Forms on behalf of the company. A DSC is required to show the authority of the person signing the various forms on behalf of the company.
Yes, a company must have a registered office in India. MCA sends all the communications to the registered office of the company. It need not be a commercial place. You can have your residence as Company’s registered office.
No, the directors and members can be different persons or entity.
It usually takes 15-20 days to incorporate a company if there are no objections from MCA against the name or any documents submitted to incorporate a company.
No, there is no Minimum Capital Requirement.
THE CONSULTANT GURU
The Consultant Guru is a web portal owned and managed by Amrit Pal Singh & Co.
Email: info@theconsultantguru.com
Phone: 8178985151, 8287569721