Section-8 Company (NPO) Registration
Register your Section-8 Company ₹ 24,999/- only (Inclusive of all fees)
Get Started By paying Rs. 24,999/-
Introduction of Section-8 Company(Not for Profit Organisation)
Section 8 company is incorporated with an object to promote commerce, art, science, sports, research, education, religion, protection of environment, charity or any other object, who intends to apply their income and profits in promoting their objects and prohibits the payment of dividend to its members. Section-8 Company can be incorporated as a Private or Public Company.
Section 8 Companies are similar to a Trust or Society as the Societies and Trusts are registered under the State Government regulations whereas Section 8 Company is registered under the Central Government’s “Ministry of Corporate Affairs (MCA)”. Being recognized centrally Section-8 Companies/NPOs have higher credibility amongst the stakeholders and donors.
Sprinthub Solutions can help you with the registration of Section-8 Company just by following certain steps and can provide you the deep understanding of this type of entity. You may get in touch with our team on 096436-69475 or email info@sprinthub.in for Section-8(Foundation) company registration and Compliance services.
Advantages of Section-8 Company
Limited Liability
The liability of the Members is limited to the extent of Capital invested by them in the Company and therefore, they cannot be held personally liable for it and it is a legal entity which means it is different from its Members and Directors.
Firms can also become Members
Another benefit of incorporating a Section -8 Company is that Firms can also become a part of it by subscribing the shares of the Company.
Tax Benefits
Many tax benefits and rebates are offered to the Section-8 Companies under the Income Tax Act, 1961.
No minimum Capital Required
For incorporating a Section-8 Company no minimum capital is required and the capital structure may be altered in accordance with the growth requirements of the Company at later stage.
Benefits to Donors
People contributing under the Section -8 Company are offered tremendous tax benefits under Section 12A and Deduction under 80G of the Income Tax Act, 1961.
Less Procedural Compliances
Section- 8 Companies are not required to involve in much complicated compliances under the Companies Act, 2013 but are closely monitored under the Companies Act, 2013 .
Minimum Requirement
Minimum Two Directors and maximum Fifteen
No Minimum Capital requirement
Minimum two Members
Non-profit objective i.e. charitable object
Digital Signatures of Subscriber and Directors
Director Identification Number if available.
Document Required For Incorporation
PAN Card
of the Member and Directors of the proposed Company Passport in case of Foreign Nationals
passport size photograph
of Member and Directors
Identity Proof
of the Member and Directors of the proposed Company.(Aadhar /Voter ID/Driving License/Passport)
Business Address Proof ,Owned Property
: (Copy of Registry and Latest Govt. Electricity Bill or Water Bill)
Address Proof
of the Members and Directors (Utility Bill/Telephone Bill/Mobile Bill/Bank Statement not older than two months)
Business Address Proof,Rented/leased:
Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill)
Process of Incorporation of Section - 8 Company
1. Complete the Application Form
You are requested to first fill the simple questionnaire provided by our expert team.
Application for DSC
DSC is a Digital Signature Certificate consisting of the E-signatures prepared. It will approximately take 1 day.
E-filing for incorporation of a Company
Once the name is approved, an online application is required to be filed through SPICE+ along with the requisite documents as obtained from the client with ROC. The MOA as well as AOA shall be filed online. This process again takes approximately 2-3 days.
Document Processing
At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.
Name Availability
The next step is to check the name availability. The name should be unique in nature and should not be similar to name of any other entity registered. It may take at least 1-2 days.
Get Certificate of Incorporation
Once the Company gets incorporated we will share all the docs like Incorporation Certificate, MOA , AOA and Digital Signatures.
More Insights on Section-8 Company Registration
How to Select the Name of Company
- You can check Company name availability thereby logging into MCA where you need to keep in mind two or three available options along with the activity type. The name of Section-8 Company should have words like Association, Society, Council, Club, Charities, Foundation, Academy, Institute, Organization, and Federation. Our team will assist you in the selection of name of company.
- Also, along with checking the name availability we also need to check the trademark if already registered under the proposed name which makes the online application for registration more powerful. If you want to have a trademark of your word or logo you can get the same through Sprinthub Solutions by clicking on the below mentioned link Trademark Registration.
Other Key Points
- If the proposed Director is already having the DIN then you can also check whether DIR-3 KYC is completed. You can verify the same with the help of our experts. if the same is not done yet it can be done with help of Sprinthub Solutions.
- Section-8 Companies can register themselves under Section 12AA in order to claim any tax exemption. Also under 80G, the donor will also be eligible to take exemption while filing his IT Return. The registration under 80G/12AA can be applied for after 3 years of incorporation.
- Section -8 companies are prohibited for payment of any dividend to its Members
- Any other legal entity like LLP and other Companies cannot become the Member in OPC.
- Section-8 Company is not allowed to raise capital through deposits except donations from general public. Foreign Donations are allowed after following the norms and regulations laid under FCRA. In order to take registration under FCRA the company must be 3 years old.