Interested in registering a Section 8 Company?
Biz Registration provides information and services regarding the registration of Section 8 Company.
When a group or company registers as a Non-Profit organization (NPO), that is, when it has the goal of supporting the arts, commerce, education, etc., it is referred to as a Section 8 Company. For the aid of the necessary forms, an individual or group of individuals may submit an application to the Registrar of Companies to establish a company with philanthropic objectives in compliance with the Companies Act's Section 8.
If the Central Government is satisfied, it will grant such a request under the license it has issued, but only under its own rules and conditions. When the applicant pays the necessary payments, the Registrar of Companies will register the company once it has been acquired.
Section 8 Company Registration Process:
• Apply For The Desired Name
• Apply For The DSC
• Fill the Application for Incorporation (SPICe+)
• Certificate Of Commencement of Business
NOTE - Candidates for section 8 companies must attach additional reports with a largely SPICe+ structured format.
The precise duplicate of the MOA document that has been duly signed by individuals and witnesses.
The genuine copy of the AOA draught that has been properly approved by individuals and witnesses.
By any rehearsing proficient, announcement in INC-14 structure.
Benefits of Section 8 Companies:
• Systematic execution and greater flexibility.
• It does not require the partners' or members' personal presence during the precise registration process.
• The paid-up capital has no minimum or maximum amount.
• It offers the tax advantages stipulated in Sections 12AA and 80G of the Income Tax Act.
• It extends directorship liability to all partners or members of any company or firm.
Documents Needed to Register a Section 8 Company:
• PAN
• Address proof
• passport size photographs
• A Rent Agreement.
• Utility Bill for the proposed Registered Address
• The directors' directorship details in the firms and their consent to serve as directors
• Directors' DSC and DIN.