Section 8 Company Price - 8999/- + Govt. Fee Extra Book Now
A Non-profit Company or Section 8 Company is a Company which:
- 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;
- Intends to apply its profits, if any, or other income in promoting its objects; and
- Intends to prohibit the payment of any dividend to its members.
Benefits of Section 8 Company Registration:
- Exemption from Stamp Duty.
- Tax deductions to the donors of the Company u/s. 80G of the Income Tax Act.
- Section 8 Companies can be formed with or without share capital, in case they are formed without capital, the necessary funds for carrying the business are brought in form of donations, subscriptions from members and general public.
- Section 8 Companies are not required to add the suffix Limited or Private Limited at the end of their name.
- A Section 8 Company has more credibility as compared to any other Non-profit organization structure like Trust or Society.
Minimum requirements for Section 8 Company incorporation
- Memorandum of Association in Form INC-13;
- Articles of Association; (No Specified format)
- Consent and Declaration by first Directors in form DIR-2;
- Affidavit by first subscriber in form INC-9;
- Self-attested copies of KYC documents of Shareholders / Director (PAN, Aadhar & Bank Statement (Not older than 2 months)
- Latest one colour photograph of all Shareholders / Director
- Proof of Registered Office Address (Electricity Bill / Phone Bill / Water Bill) (Not older than 2 months)
- NOC from the owner of premises
- Consent from all the Directors in the Form No. DIR-2
- License issued in form INC-16