Section 8 Company
Registration

Section 8 Company Registration - A Comprehensive Guide by Calzone

Understanding Section 8 Company Registration

A Section 8 Company is a type of entity formed to promote charitable objectives such as commerce, arts, science, education, research, sports, social welfare, environmental protection, and other similar causes. Unlike profit-driven companies, Section 8 companies do not distribute dividends to their members but instead reinvest their profits into their mission.

Calzone offers expert guidance in registering Section 8 companies, ensuring full compliance with government regulations and seamless incorporation.

Key Features of a Section 8 Company

  • Non-Profit Nature - Profits and income must be used exclusively for promoting the company's objectives.
  • No Minimum Share Capital - There is no prescribed capital requirement, making it cost-effective for new organizations.
  • Limited Liability - Members' liability is limited to their shareholding.
  • Government Licensing - A license from the Central Government is mandatory to operate as a Section 8 Company.
  • Exemptions & Tax Benefits - Section 8 Companies can avail of tax exemptions under Section 80G and 12AA of the Income Tax Act.
  • Use of Names - Unlike private or public companies, Section 8 Companies do not require 'Private Limited' or 'Limited' in their name.
  • Increased Credibility - They hold higher credibility over trusts and societies due to government regulations.

Why Choose Calzone for Section 8 Company Registration?

  • End-to-End Assistance - From documentation to final approval, we handle everything.
  • Expert Consultation - Guidance from professionals experienced in NGO and non-profit setups.
  • Compliance Support - Ensuring smooth legal compliance and annual reporting.

Eligibility Criteria for Section 8 Company Registration

  • Minimum two directors are required.
  • At least one director must be a resident of India.
  • The company should have a clear charitable objective.
  • No dividend distribution to members.
  • Profits and income must be utilized solely for the advancement of its objectives.

Documents Required for Section 8 Company Registration

For Directors & Shareholders

  • Self-attested PAN Card & Aadhaar Card
  • Recent bank statement, electricity/phone bill as address proof
  • Passport-size photos

For Registered Office

  • Property ownership documents or rental agreement
  • Utility bill (electricity/gas/phone) for address verification
  • No Objection Certificate (NOC) from the owner

Other Documents

  • Memorandum of Association (MoA) and Articles of Association (AoA)
  • INC-9 Affidavit from each director
  • INC-15 Declaration by each subscriber

Step-by-Step Section 8 Company Registration Process

  • Step 1: Obtain Digital Signature Certificate (DSC)
    • The first step is to obtain DSCs for all proposed directors through government-certified agencies.
  • Step 2: Apply for Director Identification Number (DIN)
    • Once DSCs are obtained, directors need to apply for DIN by submitting Form DIR-3 with the Registrar of Companies (RoC).
  • Step 3: Name Reservation
    • A unique name for the company is reserved by filing Form INC-1 with RoC. Calzone ensures that the name complies with naming guidelines.
  • Step 4: Apply for License
    • A license application (Form INC-12) is filed with RoC, including supporting documents like MoA, AoA, and other declarations. Once approved, a license under Section 8 is granted.
  • Step 5: Incorporation of the Company
    • Upon obtaining the license, incorporation documents are filed using SPICe+ forms with RoC. Once approved, RoC issues a Certificate of Incorporation with a unique Corporate Identification Number (CIN).

Mandatory Compliance for Section 8 Companies

  • Annual Financial Filings
    • AOC-4: Financial statements must be filed with RoC within 30 days of the Annual General Meeting (AGM).
    • MGT-7: Annual returns should be filed within 60 days from the conclusion of AGM.
  • Tax Filings
    • Income Tax Returns: Must be filed before September 30th every year.
    • GST Filings: If applicable, monthly/quarterly GST returns must be submitted.
  • Board & General Meetings
    • A minimum of one board meeting every six months is required.
    • AGM must be held before September 30th each year, with a 21-day prior notice.
  • Auditor Appointment & Reports
    • Appointment of an auditor within 15 days of incorporation (Form ADT-1).
    • Director's report must be submitted detailing the financial and operational status of the company.
  • Maintain Statutory Registers
    • Record of loans, members, meetings, and charges created by the company must be maintained.

Timeline for Section 8 Company Registration

The entire registration process takes approximately 20-30 days, depending on government approvals and timely submission of documents.

Section 8 Company Registration Fees

Service

Estimated Cost (INR)

DSC & DIN

3,000

Name Reservation

1,000

Government & Incorporation Fees

6,000 - 8,000

Notary & Stamp Charges

2,000

Note: Prices may vary based on regulatory changes and additional services required

Why Trust Calzone for Your Section 8 Company Registration?

  • Hassle-Free Documentation & Filing
  • Quick & Transparent Process
  • Expert Guidance for Post-Registration Compliance
  • Affordable Pricing with No Hidden Costs

Let Calzone assist you in making a difference. Start your Section 8 Company today! Contact us for expert consultation and registration support.
 
     
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