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NGO SECTION 8 COMPANY

NGO SECTION 8 COMPANY WITHIN 10 DAYS 

 

 

Fill Details & Get Quote in 1 Minute

WHY CHOOSE US

100 % PROVISIONAL TEAM

15 + YEARS EXPERIENCE

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WHAT IS SECTION 8 COMPANY?

Section 8 of Companies Act permits the registration of Company as Not for Profit Company with limited liability without being using the word “Limited” or the word “Private Limited” after their names. Not for profit organization are set up to carry on some activity for the promotion of commerce, arts, science, sports, education, research, social welfare, religion, charity, protection of environment or any such object and prohibiting the distribution of its profits to its members. This is generally set up where profit motive is not a motive. The central government may grant a registration with some restrictions and prohibitions only after satisfying itself that the company is formed with one of the objects specified above. The Company which has been granted licence cannot alter the provisions its Memorandum and Articles without central government approval. The registration of Section 8 Company can done through COMPLIANCESBIZ. 

 

WHAT IS INCLUDED IN OUR NOT FOR PROFIT COMPANY REGISTRATION PACKAGE?

1 ) COMPANY NAME SEARCH & APPROVAL
2 ) DSC OF TWO DIRECTORS
3 ) DIN OF TWO DIRECTORS
4 ) MOA/AOA
5 ) ROC REGISTRATION FEES
6 ) PAN & TAN OF COMPANY
7 ) INCORPORATION CERTIFICATE
8 ) BANK ACCOUNT OPENING SUPPORT
9 ) NEW INCORPORATION KIT

PROCEDURE FOR NOT FOR PROFIT COMPANY REGISTRATION

1

Biz team will apply your Name through RUN

2

Our Biz team will prepare your DSC & other documentations

3

Our Biz team apply for Section 8 License

4

Biz team will prepare e-spice and file the forms online on MCA Portal

5

Congratulation Get you Company Incorporation Certificate/Kit

DOCUMENTS REQUIRED NOT FOR PROFIT FOR COMPANY REGISTRATION

PAN Card (Self attested)
Proof of Identity – Voter Identity Card/Passport/Driving License/Aadhar Card (Self attested)
Residential Proof - Electricity Bill/ Telephone Bill/Mobile Bill/ Bank Statement,not older than 60 days (Self attested)
Registered Office Address Proof: -Any of the utility bill (i.e. Electricity Bill/Gas Bill/Telephone Bill/Mobile Bill not older than 60 days) & No Objection Certificate
Registered Office Address Proof:-If Rented property then Rent agreement is required & No Objection Certificate
Passport Size coloured Photograph

ADVANTAGES OF NOT FOR PROFIT COMPANY

1) Its Objectives 

The most important advantage of Not for profit organization is their own objectives that they set up to carry on some activity for the promotion of commerce, arts, science, sports, education, research, social welfare, religion, charity, protection of environment or any such object and uses its profit to promote its objectives.

 

2) Benefits under taxation

Section 8 companies are eligible for numerous deductions and tax privileges. The benefits of Section 80G of the Income Tax are available to Section 8 Companies. 

 

3) Requirement of minimum share capital

The requirement of minimum share capital is not applicable to Section 8 Company. Section 8 Company can start its Company without any share capital. The funds can be brought through donations and from its members. 

 

4) Stamp Duty Exemption on MOA and AOA. 

Section 8 companies are not required to pay stamp duty on its Memorandum and Articles of Association at the time of incorporation of Company. 

 

5) No need to use Private Limited or Limited at the end of its name

Section 8 companies are exempted to use any kind of suffix at the end of its names like private limited or limited. 

FREQUENTLY ASKED QUESTIONS

With COMPLIANCESBIZ you can register your Not for profit company in maximum 2-3 months. 

It’s a Digital Signature Certificate issued by certifying authorities by which you can sign the documents electronically. 

It’s a unique Directors Identification number which is mandatory required to become director in a Company. 

Memorandum of Association (MOA) is a legal document and constitution of the Company. It contains the fundamental conditions upon which the company is allowed to operate.

An article of Association (AOA) contains the rules, procedures, duties and responsibilities of its members, directors and its officers. It contains the framework for routine conduct of the business and prescribes the bye-laws for the general management of the Company. 

No, there is no requirement for renewal of not for profit company registration yearly because once you will receive the certificate of incorporation it will valid for lifetime.   

The profits of Section 8 Company can only be used to promote its objective for which the company is incorporated. Section 8 company cannot declare dividends and distribute its profits to its members and directors.