A Section 8 Company is a not for Profit Company incorporated under the Provisions of Companies Act, 2013. A Section 8 company can be compared to a Non-Government Organization (NGO), Charitable Society or a Trust. However, unlike a charitable Trust or a society, a Section 8 Company is incorporated with Government license. A Section 8 company enjoys all benefits similar to a Public or Private Company. In fact, a Section 8 Company ends with the suffix – Private Limited or Public Limited. A Section 8 Company has to do annual compliance with the Provisions of Companies Act, 2013. Unlike a Charitable Trust or Charitable Society, the regulatory authority in this case is the respective Regional Director and Registrar of Companies having due jurisdiction of the area where the Registered office of the Section 8 Company is registered.
WHO CAN FORM?
2 or more major individuals.
NO MINIMUM CAPITAL REQUIRED
- Passport size photographs.
- ID Proof : Adhar Card / Driving License / Voter ID Card / Passport.
- Address Proof : Bank Statement / Electricity Bill/ Telephone Bill.
- Electricity Bill of the proposed Registered Office.
- Rent Deed/ Lease Deed / NOC of Owner of the Registered Office premises.
- Pancard and ID proofs are to be submitted with Bankers attestation as well as a self attested.
- Limited Liability
- Perpetual Succession
- Transferable Shares
- Separate Property
- Capacity to sue
- Flexibility and autonomy
- Preferred by banks for loan considerations.
- Can have up to 200 members.
34,999/- ( All inclusive )
Additional Amount payable for the states of Punjab, Madhya Pradesh and Kerala.
- 2 DSC
- 2 DIN
- Name Approval
- Preparations of MOA/ AOA and other documents.
- Govt Fee and Stamp Duty
- Certificate of Incorporation