Section 8 Company Registration
Section 8 Company Registration Services by The Business Founders
Welcome to The Business Founders, your trusted partner for all your business registration and consultancy needs. If you’re looking to establish a Section 8 Company, we offer expert assistance with Section 8 Company registration. Our team is dedicated to guiding you through the registration process and helping you set up your Section 8 Company with ease.
About Section 8 Company
A Section 8 Company, also known as a not-for-profit or a non-profit organization, is formed for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any other useful object, provided the profits, if any, or other income is applied for promoting only the objectives of the company and no dividend is paid to its members. Section 8 Companies are governed by the Companies Act, 2013, and are regulated by the Ministry of Corporate Affairs (MCA).
Our Section 8 Company Registration Services
Our Section 8 Company Registration Services
- Business Consultation: Our team provides personalized consultation to help you understand the benefits and requirements of forming a Section 8 Company and assess whether it's the right choice for your objectives.
- Documentation Support: We assist in preparing and organizing the necessary documents for Section 8 Company registration, including the memorandum of association, articles of association, director identification number (DIN), digital signature certificate (DSC), identity proof, address proof, and other required documents.
- Registration Process: We guide you through the Section 8 Company registration process, including name reservation, filing incorporation documents with the Registrar of Companies (ROC), and obtaining the license under Section 8 of the Companies Act, 2013.
- Compliance Assistance: We provide ongoing support and assistance with compliance-related matters, such as statutory filings, maintenance of statutory records, conducting board meetings, and adhering to regulatory requirements.
Why Choose The Business Founders?
- Expertise and Experience: With years of experience in business registration and consultancy, our team possesses the expertise and knowledge to handle Section 8 Company registration efficiently and accurately.
- Personalized Service: We understand the unique objectives and circumstances of our clients and tailor our services to provide personalized solutions that meet your specific requirements.
- Timely Assistance: We prioritize prompt and efficient service delivery to ensure that your Section 8 Company registration is completed in a timely manner, enabling you to pursue your noble objectives without delays.
- Compliance Assurance: We ensure that your Section 8 Company registration is compliant with all legal requirements and regulations, helping you achieve your social and charitable goals while maintaining transparency and accountability.
Get Started Today
Ready to establish your Section 8 Company and make a positive impact on society? Contact The Business Founders today to learn more about our Section 8 Company Registration Services and how we can assist you in setting up your Section 8 Company with ease. Let us help you transform your noble vision into a reality and contribute to the betterment of our communities and the world.
FAQs
A Section 8 Company, as per the Companies Act, 2013, is a type of non-profit organization formed for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any other charitable purpose. These companies intend to apply their profits, if any or other income solely towards promoting their objectives and do not distribute dividends to their members.
- Non-profit objective: The primary objective of a Section 8 Company is to promote charitable or not-for-profit activities.
- Limited liability: The liability of its members is limited to the extent of their unpaid share capital.
- Prohibition on distribution of profits: A Section 8 Company cannot distribute its profits among its members; instead, profits must be applied towards promoting its objectives.
- No requirement of minimum paid-up capital: Unlike other types of companies, a Section 8 Company does not require a minimum paid-up capital for registration.
Any individual or group of individuals intending to promote charitable or not-for-profit activities, including NGOs, educational institutions, societies, trusts, etc., can form a Section 8 Company in India.
The steps involved in registering a Section 8 Company include obtaining Digital Signature Certificates (DSCs) and Director Identification Numbers (DINs) for proposed directors, obtaining name approval from the Registrar of Companies (ROC), drafting the memorandum and articles of association, and filing the incorporation documents with the ROC.
No, there is no specific minimum capital requirement for Section 8 Company registration in India. However, the company’s memorandum of association must specify the amount of capital with which the company is proposed to be registered.
While a Section 8 Company can generate income through its activities or receive donations, it cannot distribute its profits among its members. All income generated must be utilized towards promoting the company’s objectives.
Compliance requirements for Section 8 Companies include filing annual returns, maintaining proper books of accounts, conducting audits, holding annual general meetings (AGMs), and adhering to the rules and regulations prescribed by the Ministry of Corporate Affairs (MCA).
Yes, a Section 8 Company can be converted into another type of company, such as a private limited company or a public limited company, subject to compliance with the applicable provisions of the Companies Act, 2013, and obtaining necessary approvals from the authorities.
Section 8 Companies enjoy certain tax benefits, including exemption from income tax on income derived from their charitable activities, subject to compliance with the provisions of the Income Tax Act, 1961.
While the primary objective of a Section 8 Company is to promote charitable or not-for-profit activities, it can engage in commercial activities incidental to its main objectives, provided that the income generated is applied towards promoting its objectives and not distributed among its members.
- Legal recognition and corporate status.
- Limited liability protection for its members.
- Exemption from payment of dividend distribution tax.
- Access to certain tax benefits and exemptions for charitable activities.
- Credibility and trust among donors, beneficiaries, and stakeholders.
- Ability to attract grants, donations, and funding from government agencies, philanthropists, and other sources.
Yes, foreign nationals or entities can be members of a Section 8 Company subject to compliance with the Foreign Contribution (Regulation) Act, 2010 (FCRA) and other applicable laws. They may also need to obtain prior approval from the Reserve Bank of India (RBI) or other regulatory authorities, depending on the nature of their contribution or involvement.
Funds received by a Section 8 Company must be utilized solely for promoting its charitable objectives and cannot be distributed among its members as dividends or profits. The utilization of funds must be in accordance with the company’s memorandum of association and the provisions of the Companies Act, 2013.
Yes, a Section 8 Company can be voluntarily dissolved or wound up by passing a special resolution and obtaining approval from the National Company Law Tribunal (NCLT) or other appropriate authorities. The assets and liabilities of the company must be settled in accordance with the applicable laws and regulations
Yes, a Section 8 Company can alter its objects or memorandum of association after incorporation by passing a special resolution and obtaining approval from the members and the ROC. Any alteration must be made in accordance with the provisions of the Companies Act, 2013, and other applicable laws.
