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Section 8 Company Registration
Starting @ Rs 9,999.00 All Inclusive (Hurry Up! Limited Time Offer)
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Online Process
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* Stamp duty Vary State to State
* For NRI/Foreign Directors, Additional charges will apply
Procedure for online SECTION 8 COMPANY REGISTRATION in India
01
Make Payment
02
Get a Call
03
Provide Necessary Documents
04
Application Processing
05
Congratulations!
Documents Required for Section 8 Company Registration
Only Scanned Copies are required
ID Proof
PAN Card of all directors alongwith Voter ID/ Passport/ Driving License
Address Proof
Latest Bank statement/ Electricity Bill/ Telephone Bill/ Mobile Bill not older than two months
Photo
Latest Passport Size Photograph
Registered Office Proof
Utility bill (not older than two months) and Notarized Rent agreement (in case of rented property)/ Registry Proof or House Tax Receipt (in case of owned property), No Objection Certificate (NOC) from the owner
What You Get
Incorporation Certificate
Memorandum of Association
Articles of Association
Company PAN
Company TAN
Name Approval Letter
2 DSC
2 DIN
Section 8 Company Registration - An Overview
A Section 8 Company is a company which does not have the objective of making profit by carrying out its business. It primarily has charitable and not-for profit objectives. This type of company is recognized as a Section 8 Company because they are registered under Section 8 of the Companies Act, 2013 (erstwhile Section 25 of the Companies Act, 1956)
Unlike other forms of legal entities such as Partnership Firm Registration, Private Limited Company, LLP, etc. which have a main objective of making profit from the business, a Section 8 company is a not-for-profit type of organization.
According to the Companies Act, 2013, a Section 8 company is the one whose main objective is the promotion of fields such as social welfare, education, environment protection, research, arts, science, sports, commerce, religion, charity and other similar objectives. This type of company uses its profits towards the fulfillment of its cause and does not pay any type of dividend to its members.
Confederation of Indian Industries (CII) & Federation of Indian Chambers of Commerce and Industry (FICCI) are some of the famous examples of Section 8 Companies. These companies have the main objective of facilitating the growth of trade & commerce in India.
We, at LegalFidelity, can help you in Section 8 Company Registration.
Requirements for Incorporation of a Section 8 Company
The existence of such companies is based on the license granted to them. The 3 main conditions are as follows:
- The company should only be formed for charitable or non-profit purposes.
- Income and profits should be used towards fulfillment of these objectives.
- The company should not pay any kind of dividend to its members…
These types of companies cannot do anything that the license disallows. They cannot even alter their Articles of Association (AoA) or Memorandum of Association (MoA) without the permission from the Central Government.
Features of a Section 8 Company
A Section 8 company has the following distinct features that other types of companies do not have:
Charitable Objectives
A Section 8 company’s main objective is the promotion of fields such as charity, social welfare, education, environment protection, research, arts, science, sports, commerce, religion and other similar objectives.
Limited Liability
Members of the Section 8 Company have limited liability.
No minimum share capital
Unlike other types of companies, a Section 8 Company does not have the minimum share capital requirement.
Privileges
Since these types of companies have non-profit objectives, the Companies Act, 2013 has provided them with several benefits and exemptions under Section 80G and Section 12AA of the Income Tax Act
Firms as members
In addition to Individuals and Associations of Persons, Section 8 of the Companies Act, 2013 also allows firms to be members of these types of companies.
Privileges of a Section 8 Company
A Section 8 Company enjoys the following privileges:
- Limited Liability
- Several Tax Exemptions under Section 80G and Section 12AA of the Income Tax Act
- Perpetual existence & separate legal status
- No physical presence required
- No Minimum Capital requirements
- More credibility than NGOs, trusts & Societies as they are recognized by the Central Government License.
FAQs on Section 8 Company Registration online in India
Any individual, NRI or even foreign national can become a director in a Section 8 Company. He/she must have to qualify the following criteria:
- Must be a natural person
- Must be over 18 years of age
- Director Identification Number (DIN) is mandatory
Yes, an NRI or Foreign National can be a partner in the Section 8 Company.
Unlike other types of companies, a Section 8 Company does not have the minimum share capital requirement.
In addition to Individuals and Associations of Persons, Section 8 of the Companies Act, 2013 also allows firms to be members of these types of companies. Any individual, company or NRI can also become a member of a Section 8 Company.
Yes, one can be a partner in an LLP, Director of a Private Limited Company or OPC even if he is already employed. There are no such restrictions. However, you must ensure that your employment agreement does not contain any restrictions for you to become a Director of any company or a Partner in an LLP.