Section 8 Company Registration

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    Section 8 Company Registration

    Register One Person Companies in India and build an empire of your own, FilingFirst offers legal and financial services for entrepreneurs.

    100000+

    Happy Customers

    1000+

    CA & Lawyers

    9/10

    Rating

    Get Quote Instantly

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      Overview

      Artistic institutions

      A section 8 company is a charitable institution and promotes the development of arts, music, science, sports, commerce and religious activities.

      Authorised existence

      It is registered under section 8 of the Companies Act passed in 2013.

      Charitable goals

      According to the company policies, the profit must be distributed among the different members. These laws are not against profit creation but the generated revenue must be utilised for charitable purposes.

      Cult status

      A section 8 company enjoys special rights, exercises autonomy and has a set of privileges. Investing in such firms proves to be beneficial for the business leaders as these guarantee concessions.

      Overview

      Artistic institutions

      A section 8 company is a charitable institution and promotes the development of arts, music, science, sports, commerce and religious activities.

      Authorised existence

      It is registered under section 8 of the Companies Act passed in 2013.

      Charitable goals

      According to the company policies, the profit must be distributed among the different members.

      Cult status

      A section 8 company enjoys special rights, exercises autonomy and has a set of privileges.

      Benefits of incorporation of Section 8 company

      Exempts taxes and allowances

      The owners can be exempted from paying income tax donations and giving compliance provisions.

      Exercises limited control

      The promoters freely run the organisation as the things that count deal with the capital subscribed and unpaid.

      Ensures a strong legal identity

      The company can hold the assets and liabilities in its name without mentioning the shareholders or directors. Also, it can exercise rights and obligations without facing any problems.

      Does not need a corporate title

      A section 8 company functions as a corporate entity and does not need suffixes such as private limited or limited. This is done to allow third parties to focus on the organisation's value and derive worthwhile results rather than rave about the status it holds.

      Documents Required

      PAN Card

      Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)

      Identity Card

      Scanned copy of Voter's ID/Passport/Driver's License

      Address Proof

      Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

      Photograph

      Latest Passport size photograph of Shareholders and Directors

      Rental Agreement

      Scanned copy of Notarised Rental Agreement in English

      NOC from Owner

      Scanned copy of No-objection Certificate from property owner

      Statement of Income & Expenditure

      Estimated Statement of Income & Expenditure for next three years

      Business Address Proof

      Electricity Bill/ Telephone Bill of the registered office address in India

      Section 8 company registration procedure

      Filings First shall help you in the procurement of Digital Signature Certificate.

      This is followed by checking of Name availability. The chosen name is applied for Name reservation under "RUN".

      MOA/AOA and other required documents shall be drafted by Filings First. Stamp Duty payments and notarisation shall be done to the required documents

      We shall make an application for grant of license for the Sections 8 Company. Ministry shall overview our application and respond to out application 3-4 days.

      Filings First shall then proceed further with DIN, Pan and TAN application of the company

      Once the MCA approves our application, we shall obtain the Certificate of Incoroporation

      Make Application in 3 Easy Steps

      • Fill in the questionnaire, provide necessary details and facilitate online transactions to initiate the process.
      • Pay heed to the advice solicited by an assigned relationship manager and procure the digital signatures safely. After that, provide the application about the firm’s name reservation, submit MOA and AOA documents, write an application to receive the u/s 8 licence and wait for the certificate of incorporation to be issued. 
      • It takes 25 working days for the registration process to complete. 

      Our Clients

      More Questions? Seek Help of an Expert

      After receiving a Director Identification Number, an NRI or foreign national may serve as a director in a Section 8 company. On the Board of Directors, however, at least one Director must be a resident and citizen of India.

      The promoters must submit an e-form INC-12 to the Central Government in order to get said approval. The form is accompanied with the company's Memorandum of Agreement and Articles of Association, promoter declarations, an estimated statement of income and expense for the next three years, etc. If the application is accepted, an approval letter in form INC-16 is given out.

      A location in India where the company's registered office will be located is necessary. The location where communications from the MCA will be received may be commercial, industrial, or residential.

      An individual identifying number called a ""Director Identification Number"" is given to each Director, both current and potential, of a company. A Director Identification Number is required for all currently serving or aspiring Directors. There is only one Director Identification Number allotted to each individual, and it never expires.

      When submitting papers over the Internet, a digital signature helps to electronically verify the sender's or signee's identity. The Directors are required by the Ministry of Corporate Affairs (MCA) to digitally sign some of the application forms. Consequently, all Directors of a proposed Section 8 company must possess a digital signature.