A Section 8 Company is a Company which:

It is Integrated for the promotion of Trade, art, science and Schooling, and Promoting those items. Pays no income or earnings to its members.
All these are restricted companies, filed under the Companies Act, also will Be treated as restricted companies without the term “restricted” additional to their name. They Might Have Been enrolled as private limited or public limited companies.
Section 25 Company (under Companies Act, 1956) is a former edition. Section 8 Company are a valid form for Non-Profit Organizations (NPOs) or Non-Governmental Organizations (NGO). A Section 8 Company has the ability to Operate anywhere in the nation.

Section 8 Company (NGO) Registration
The process and requirements of a Section 8 Company are Precisely the same as Laid down to get a limited company. Including all of the obligations and rights that have such a limited company.

The procedure of registering a Section 8 Company(NGO) is Just like integrating the permit, basically, lets them delete Private/Public Limited From their title. With this permit, the business becomes eligible for certain exemptions from provisions of legislation and also have concessions at the fee.

If the proposed Section 8 Company has been enrolled as a private limited Then a minimal of two promoters are demanded. However, if It’s a public limited Section 8 Company afterward a minimum of 7 promoters have to be there.

Title: Section 8 Company Doesn’t need to suffix Private or Limited Limited, Beside its name.

CARO: Prerequisites of Companies Auditor’s Report Order or CARO don’t employ To this kind of business.
Tax Benefits: For Section 8 Companies in India, many tax advantages are granted.

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Duration: 7 Working Days

Directors: Min 2

Requirements: Partner’s (Aadhar, Pan, Bank Statement, Passport Size Photo), Place of Business (Electricity/Utility Bill, Rental Agreement, NOC)

Pricing: Starting from 29499/-

Basic

₹50000

₹29499/-

  • 3 Digital Signatures (DSC) - Class 2*
  • 2 Designated Identification Number (DIN)
  • Name Approval*
  • RD Approval
  • Incorporation Fee
  • Stamp Duty
  • Incorporation Certificate
  • PAN & TAN
  • GST Registration
  • MSME/Udyog Aadhar
  • Account Opening*
  • Commencement Certificate
  • Bookkeeping
  • Financial Statement Preparation
  • Annual Report
  • Director's Report
  • Board Resolution Preparation
  • MCA Annual Return Filing
  • Income Tax Return Filing
  • 1 Year GST Return Filing (GSTR-3B or GSTR-1)
  • Trademark Registration
Professional

₹70000

₹49499/-

  • 3 Digital Signatures (DSC) - Class 2*
  • 2 Designated Identification Number (DIN)
  • Name Approval*
  • RD Approval
  • Incorporation Fee
  • Stamp Duty
  • Incorporation Certificate
  • PAN & TAN
  • GST Registration
  • MSME/Udyog Aadhar
  • Account Opening*
  • Commencement Certificate
  • Bookkeeping
  • Financial Statement Preparation
  • Annual Report
  • Director's Report
  • Board Resolution Preparation
  • MCA Annual Return Filing
  • Income Tax Return Filing
  • 1 Year GST Return Filing (GSTR-3B or GSTR-1)
  • Trademark Registration
Premium

₹90000

₹69499/-

  • 3 Digital Signatures (DSC) - Class 2*
  • 2 Designated Identification Number (DIN)
  • Name Approval*
  • RD Approval
  • Incorporation Fee
  • Stamp Duty
  • Incorporation Certificate
  • PAN & TAN
  • GST Registration
  • MSME/Udyog Aadhar
  • Account Opening*
  • Commencement Certificate
  • Bookkeeping
  • Financial Statement Preparation
  • Annual Report
  • Director's Report
  • Board Resolution Preparation
  • MCA Annual Return Filing
  • Income Tax Return Filing
  • 1 Year GST Return Filing (GSTR-3B or GSTR-1)
  • Trademark Registration
  1. *Class 2 Digital Signatures (DSC) comes  with two year legitimacy on protected USB token. 
  2. Upto 4 company names choices can be provided in name consent request. 
  3. Authorised capital is the number of shares a corporation may issue at anytime and could be increased further in the long run.  Paid-up funding is the total spent by shareholder and may be Rs.2.  
  4. Rs.5510 is going to be the extra stamp duty charges for state of Rajasthan.  In the event of incorporation in Madhya Pradesh, an extra postage responsibility of Rs.7550 will be more applicable.  In the event of incorporation in Punjab, an extra postage responsibility of Rs.15025 will be more applicable.  In the event of Kerala, an extra postage responsibility of Rs.3025 will be Applicable. 
  5. GST registration support will be applicable when required. 
  6. An extra charge of Rs.10,000 will be applicable for incorporation of a business with overseas/foreign directors. 
  7. Auditor fee is applicable on actuals directly to the Independent Auditor appointed by the Board of Directors. Kanoons will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company.
  8. Account Opening We only aid you in opening Current Account in one of our affiliated bank.  

FAQ

What are the Benefits of Section 8 Company Registration?

Being a NPO or Non-profit Organization does not necessarily mean the business can’t earn a profit or earnings. It merely means that the corporation can make income but the promoters should not gain from these gains. The gains can’t be dispersed among the promoters. All incomes have to be implemented to boosting the item.(NGO)

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Numerous Tax exemptions will also be there for these businesses. The donors leading towards Section 8 Business are entitled to maintain the Tax Exemption against those donations

What are Some of the advantages?

  1. Different Legal Assistants: Section 8 Business has another legal entity.
  2. Different from its associates. Its legal status differs from its associates.
  3. The business has eternal presence. In addition to having coordinated operations and increased flexibility. Paying stamp duty on the MoA and AoA of their public or private limited company.
  4. That is applicable for enrollment of different types of company arrangements.
  5. To get a Part 8 Business in India. Along with the funding structure could be changed at any point according to the growth demands of the business. This suggests it may be shaped with no share capital.
  6. The capital necessary for carrying out the company operations can be attracted, after, in the kind of contributions and/or testimonials from members and the general public.

Credibility of Section 8 Company?

Section 8 Businesses are more dependable than all other types of charitable organizations.

strictly. Like the need of a mandatory Yearly audit, or even the MOA and AOA cannot be shifted at any point or scenario. The principles on handling the profits and losses of the company make these companies trustworthy.(NGO)

 

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Exemption to the donors?

Individuals donating to a Part 8 Business Qualify For taxation exemptions u/s 12A and 80G of the Income Tax Act.
membership: A registered venture company can become a part in its own Person capability and get Directorship.

What are the requirements to be a Director?

The Director needs to be over 18 Years Old and Has to be a natural man. There are no limits Concerning citizenship or residency. Thus, even foreign nationals could be Directors at a Indian Section 8 Business.

Is an office required for starting a Section 8 Company?

An address in India at which the registered office of the business will be located is required. The assumptions might be commercial / industrial / residential at which communicating from the MCA is going to be obtained.

Do I have to be present in person to incorporate a Section 8 Company?

No, you won’t need to be present in our workplace or look at any office to the registration of a Part 8 Company. Each of the files could be scanned and sent via email to our office. Some files will also need to be couriered to our office.

What are the documents required for registration?

Identity Evidence and Speech Evidence is mandatory for All of the suggested Directors of this Section 8 Business. PAN Card is required for Indian Nationals. Must offer a No Objection Certificate for getting the office in His/her assumptions and has to submit their identity evidence and address evidence.

How long will it take to incorporate a Section 8 Company?

Kanoons.com can include a Section 8 Business to in 20-30 days. The time required for enrollment will be dependent on submission of related documents by the customer and rate of Government Approvals. To ensure speedy enrollment, please select an exceptional name to your organization and make certain you have all of the required files before beginning the registration procedure.