How to Register a Section 8 Company in India?

Today, the entire section 8 company incorporation process and other regulatory filings are paperless; documents are filed electronically through the MCA website and is processed at the Central Registration Centre (CRC).

 

Section 8 Company Registration process is completely online. Upon completing all registration formalities, the Registrar of Companies issues a digitally signed Certificate of Incorporation (COI). Electronic certificates issued by the ministry can be verified by all stakeholders on the MCA website itself.

 

Incorporating a Section 8 Company registration online is a systematic process of collection and submission of details required as per the requirements of the Companies Act 2013 and as per the process defined by the Ministry of Corporate Affairs from time to time. Management of the process requires in-depth knowledge of legal requirements and not to mention, practical experience of the same

 

NGO Registration – Overview

 

A non-governmental organization or ngo registration online is a legally registered organization launched by natural persons and it operates independently without any interference of the state or central government. This term ‘NGO” is applied by the government on the entities to state that the particular company has no government status. NGOs are basically engaged in cultural, social, legal, and environmental-related activities without any aim of profit.

 

 

 

 

Why register a Sec 8 company? and Section 8 of Companies Act 2013

The primary purpose of registering a company as a Section 8 Company incorporation is to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare, sports research, etc.

To incorporate a Section 8 Company registration process, a minimum of two directors are required. Also, there is no requirement of minimum paid-up capital in the case of Section 8 Company.

In India, a non-profit organization can be company registered 333 section 8 the Registrar of societies or as a Non-profit company under Section 8 of Companies Act 2013.

The profits of this company, if there are any, are applied towards promoting the objectives of the company and not distributed as dividends to its shareholders.

A section 8 companies in india is the same as the Section 25 Company under the old Companies Act, 1956. As per the new company registered under section 8 of companies act 2013, Section 25 has now become Section 8.

Who can incorporate a Section 8 company?

An individual or group of individuals can apply for Sec 8 Company Registration if it holds the below-mentioned intentions. The objectives have to be confirmed to the satisfaction of the Central Government.

  • If the company intends to promote science, commerce, education, art, sports, research, charity, social welfare, protection of the environment, or other objectives
  • If the company has the intention to invest all the profits or the income generated after incorporation in the promotion of such objects only;
  • When the company is not intending to pay any dividends to its members.

 

 

 

What to keep in mind while Registering a Sec 8 Company?

No Minimum Directors

Unique Name

A section 8 microfinance company registration can have any number of directors. The minimum limit of 2 and the maximum limit of 15 that applies to private limited companies, do not apply to Sec 8 Companies

The name of sec 8 company incorporation must be unique. The suggested name should not match with any existing companies or trademarks in India. The proposed name and trademark can be checked here

Minimum Capital Contribution

Registered Office

There is no minimum capital amount for a company. A Section 8 company should have an authorized capital of at least Rs. 1 lakh.

The registered office of a Section company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord.

 

Exemption of Stamp Duty

In the case of a section 8 ngo registration, Government MOA and AOA stamp duty is exempted for most states

Documents required for section 8 company registration

The below mentioned section 8 company documents will be required for each Director/Shareholder:

Identity And Address Proof

  • Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
  • Scanned copy of Voter’s ID/Passport/Driver’s License
  • Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
  • Scanned passport-sized photograph specimen signature (blank document with signature [directors only])

Registered Office Proof

 

For online section 8 company registration in india, the company must have a registered office in India. To prove admittance to the registered office, a recent copy of an electricity bill or the property tax receipt or water bill must be submitted. Along with the rental agreement, utility bill or the sale deed and a letter from the landlord with her/his consent to use the office as a registered office of the company should be submitted.​

  • Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
  • Scanned copy of Notarized rental agreement in English
  • Scanned copy of No-objection certificate from the property owner
  • Scanned copy of sale deed/property deed in English (in case of owned property)

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Note: Your registered office need not be a commercial space; it can be your residence too.

 

 

The section 8 registration process is completely online, so you don’t even have to leave your home to get your entity registered. At RegisterKaro, we complete the entire register ngo online within 14 days.​ Our procedure for incorporation of section 8 company :

  1. First we obtain the DSC for the proposed Directors of the Section 8 Company.
  2. We fill the Spice forms on MCA along with the drafting of MOA and AOA
  3. File Declarations is Form INC-14 and Form-INC-15.
  4. After we receive your approval, we will file the application with MCA.
  5. Receipt of Certificate of Incorporation and other related documents

​RegisterKaro Section 8 Company Registration package includes:

  • DIN and DSC for two Directors
  • Drafting of MoA & AoA
  • Form INC-14 and INC-15 Declarations
  • Registration fees and stamp duty
  • Company Incorporation Certificate
  • Company PAN and TAN
  • ZohoBooks subscription

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