NGO Section 8 Company
For Non-profit objective- 2 Digital Signature
- 2 DIN
- 1 PAN Card + 1 TAN Card
- 1 Digital Signature
- 1 MOA + 1 AOA
- Incorporation Certificate
- Section 8 company license number
What You Will Get
DIN for 2 Directors
MOA + AOA
Customized Incorporation Master File
Digital Signature Token for 2 Promoters
Incorporation Certificate
Company PAN Card
Company Name Approval
Company TAN/TDS Number
Documents Required
Only Scanned Copies are needed, Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving License
Premises
Rent agreement – NOC
Electricity bill
Directors
Photos of directors
Aadhar card
Pan card
Specimen signature
Self-declaration about the directorship
Benefits
OWNERSHIP
Registered partnership firm can be a member in its own capacity
CARO
Non-application of Companies Auditor’s Report Order (CARO)
TAX BENEFITS
Tax deductions to the donors of the Company u/s. 80G of the Income Tax
RELAXATION
Exemption of Stamp duty for registration
Section 8 Company Registration Cost
Our pricing is 100% transparent
NGO/Section 8 Company
| Consultancy | Free |
| Company Name Availability Search | Free |
| 2 DSCs | Rs 2,000 |
| Government Fee | Rs 4,300 |
| Stamp Duty | Rs 1,500* |
| Notorization Cost | Rs 1,000 |
| PAN & TAN Fee | Rs 175 |
| Professional Fees | Rs 13,580 |
| Goods & Service Tax | Rs 2,444 |
| Total Cost | Rs 24,999 |
*Stamp duty may vary state to state
*Extra charges for NRI/Foreign directors or Foreign shareholding companies
How long does it take?
25 days
DAY 1
Digital Signature Certificate
1 Working Day
A Digital Signature Certificate (DSC) is generated and authenticated by a licensed certifying authority. It is an electronic signature that is affixed to verify electronically transmitted documents. A DSC is mandatory for all existing and proposed Directors of a company, which would be used to sign the e-documents for company incorporation. To apply for a DSC, documents such as PAN card, photograph and address proof would be required
DAY 2
Director Identification Number
1 Working Day
ODIN or DPIN, i.e. directors PIN is a unique eight-digit identification number which is a mandatory requirement for existing as well as proposed directors of the company to maintain the director’s information in a database. MCA (Ministry of Corporate Affairs) allots a DIN to every director of the company with a lifetime validity without which one cannot be a director.
DAY 20
Name Approval
15-20 Working Day
Once we obtain the DIN and DSC of the directors, a list of minimum one or maximum 2 Proposed names of the company in preferential order will be submitted to MCA (Ministry of Corporate Affairs) for approval. Our representative will conduct a prior search for your name availability. Ideally, the name should be unique, suggestive of the business and end with the words ‘Private Limited’ in order to avoid the rejection. We get your company name approved subject to availability and naming guidelines.
DAY 24
Incorporation Documents
4-5 Working Day
After the Section 8 Licence has been procured, our experts will draft the Memorandum of Association (MoA) and Articles of Association (AoA) for the new company. The e-form SPICe 32 will have to be filled in the prescribed manner and submitted along with the supporting incorporation documents, MoA, AoA and subscription statement (if applicable). Once the application has been duly verified and receives government approval, the Certification of Incorporation will be issued, and the same will be e-mailed to you. We will also apply a PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) for the company.
DAY 25
Company Incorporated
Frequently Asked Questions
What is Section 8 Company?
A Section 8 Company (based on Section 8 of the Companies Act, 2013) is an organisation with the sole objective of promoting art, commerce, science, education, sports, social welfare, research, charity, religion, environment protection or any such non-profit objective, and where company profits are only used for company promotion and development.
Are there legal restrictions for Section 8 Companies?
- Profits of the company can only be used to promote the company’s objectives.
- Profits cannot be distributed to the members of the company by way of dividend or any other means.
Can a regular company change its status to a Section 8 Company?
Yes, any company who is already in existence can obtain the status of Section 8 Company by following the same procedure with some additional documents.
Why incorporate as a Section 8 Company?
- Tax benefits
- Exemption of registration Stamp Duty
- No Minimum Capital Contribution from Members
What are the eligibility criteria for Section 8 company registration?
A Section 8 Company can be incorporated only with the sole objective of promoting art, commerce, science, education, sports, social welfare, research, charity, religion, environment protection or any such non-profit objective. Profits, if any, can only be used to promote the company’s objectives and cannot be distributed to the members of the company.
What is the Validity of a Section 8 Company Registration?
Despite changes in shareholders or directors the company will remain in existence until it is wound up, dissolved or merged.
Does one have to present physically to incorporate a section 8 company?
The company incorporation process is done through the MCA’s online portal. You don’t have to be present for incorporation of the company. The incorporation forms are filed electronically with scanned copies of the supporting documents and signed digitally.
How many minimum directors are required for a Section 8 Company?
Under the Companies Act, there is no minimum number of directors required for incorporating Section 8 non-profit companies. However, a minimum quorum of two directors has been fixed by the Act for Board Meetings.
Who can become a member of Section 8 Company?
Any individual, company or NRI can become a member of a Section 8 Company.
Who can or cannot incorporate a Section 8 company?
Any person or association of persons (including partnership firm) or any existing company can form a Section 8 company. A Section 8 company cannot be incorporated as a One Person Company.
What are the naming guidelines to be followed for a Section 8 Company?
Rule 8(7) of the Companies (Incorporation) Rules, 2014 specifies that the name of the Section 8 Company shall include the words foundation, forum, association, federation, chambers, confederation, council, electoral Trust, etc.
What is the minimum Capital requirement?
There is no minimum capital requirement for Section 8 Company registration.
Who can become a director of Section 8 Company?
Any individual, NRI or foreign nationals can become a director in Section 8 Company.
- Director must be a natural person
- He/she must be over the age of 18 years
- Director Identification Number (DIN) is mandatory
What are the eligibility criteria for Section 8 company registration?
A Section 8 Company can be incorporated only with the sole objective of promoting art, commerce, science, education, sports, social welfare, research, charity, religion, environment protection or any such non-profit objective. Profits, if any, can only be used to promote the company’s objectives and cannot be distributed to the members of the company.
Can a Section 8 Company be converted into any other company format?
An existing Section 8 Company can be converted to any other form of business by applying before the Regional Director. Upon approval, the company will cease to enjoy the privileges of a Section 8 Company and will have to submit the necessary documents (if any) to change its structure.
Is a Company Secretary mandatory for a Section 8 Company?
No, Section 8 Companies are not required to appoint a Company Secretary
Should the Minutes of Meeting be recorded?
Section 118 of the Companies Act that requires recording of minutes of general meetings, board meetings, and other resolutions, is not applicable to Section 8 Companies unless specified in the AoA of the company.
Location
Office No. T-4, S-521/522, 3rd Floor Moon House Building, Laxmi Nagar, Delhi, 110092
Contact Us
+91-7050056056
support@licitwink.in