SECTION 8 COMPANY
Section 8 Company or Section 25 Company (As Per Earlier Company Act, 1956) is like a Society or Trust formed not for profit purposes etc. The Section 8 company is just like a private limited company incorporation under section 8 of Companies Act, 2013 but it can be formed only for the purpose of promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object subject to the condition that profits are applied for the above objects only and not for the benefit of members.
Section 8 company is governed by Ministry of Corporate Affairs which is under Central Government. It has a separate legal entity, Transparency and credibility among the public donors, Government and its departments and Various other stakeholders. The financial transactions and statements are also accessible to general public at large.
Section 8 company may also require to obtain various government registrations like Goods and Service Tax, Trademark Registration, Registrations with local authorities. These type of organization have adhere to their bye laws and intimate any changes therein to the registrar of companies by filing forms. Unlike society/Trust it can operate in multiple states without taking any separate registration in each state or taking any special registration with Registrar of companies.
We provide comprehensive support service to social workers by advising them to choose best form of organization for social purpose and formation of Section 8 Company easily in simple steps.
2 DSC of Directors
2 DIN of Directors.
Customized Memorandum of Association and Article of association.
Incorporation with Registrar of Companies.
1 Run Name Approval
GST/IEC or any other registration applicable and selected by the user as per package.
PAN and TAN Application.
Courier charges of sending the original certificate and 1 original MOA & AOA at your address.
Any Government Fee or charges payable.
Fresh Application for registration with Government if rejected.
Any other government registration not selected.
Identity and Address Proof of the Applicant directors and subscribers
Copy of PAN card of subscribers (for registration with govt. department)
Copy of Adhaar Card of subscribers
Passport size Photographs of subscribers, if applicable.
Address Proof and NOC for proposed address of Company.
Consent letter for admission as directors.
Any other documents according to selected registration.
2 days process for gathering the necessary details and documents
12 days process for preparing documents, MOA & AOA for submission (if customized time depends upon time take by client)
1 day for providing certificate of incorporation and RD License from the date of approval
1 day process for PAN application.
PACKAGES
FAQ
Section 8 Company or Section 25 Company (As Per Earlier Company Act, 1956) is like a Society or Trust formed formed for not for profit purposes etc. The Section 8 company is just like a private limited company incorporation under section 8 of Companies Act, 2013 but for the purpose of promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object subject to the condition that profits are applied for the above objects only and not for the benefit of members.
Section 8 company is governed by Ministry of Corporate Affairs which is under Central Government. It has a separate legal entity, Transparency and credibility among the public donors, Government and its departments and Various other stakeholders. The financial transactions and statements are also accessible to general public at large.
Any natural person or firm or Association of person can become member in the section 8 company, but there shall be at least 2 members to form a section 8 company. In case of section 8 companies foreign national can also become director.
A section 8 company can be formed subject to following conditions:-
a) has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object;
(b) intends to apply its profits, if any, or other income in promoting its objects; and
(c) intends to prohibit the payment of any dividend to its members,
- Cannot use limited or private limited in its name
- Cannot apply money for the benefit of its members
- Cannot apply money other than objects for which it is formed.
- Cannot alter its memorandum or articles before approval of Central Government.
A Section 8 company should have atleast 2 members and there is no maximum limit of its members.
Yes for formation of section 8 company registration with registrar to companies is mandatory. To know the process click here
There is no requirement of minimum paid capital in Section 8 company.
Yes, with the certificate of incorporation and Memorandum of association bank account after complying with other RBI Norms can be opened, there is no need to apply any other registration with government department like Goods and Services Tax etc.. To know more about how to open bank account click here.
No, only applicable government registrations are mandatory like if taxable sales/supply of services exceed specified limit of turnover then registration with Goods and Services Tax Department is mandatory. To know about registration with government departments click here.
To know the due date of filing forms with registrar of companies, click here.
