All about section 8 company Registration

A person who wants to open a non –profit organization has two options either they can form a trust or can open section 8 companies under company act, there must be 2 director who can also be shareholder required for forming the company.

A section 8 company previously known as section 25 company under company act 1956, have all the same advantage like trust have, it has been formed for charitable object like helping poor education ,social welfare, charity, religion etc,

The only limitation is that profit cannot be utilized for the for withdrawal, it can be utilized only for the purpose for which it has been formed

It can claim advantage of tax exemption by registering itself under section 12aa of income tax act, also G door can claim exemption under its personal income tax  filling if organization is also registered under section 80 G.

Benefits of section-8 Company:

Tax exemption:

The donor who donates to company can claim exemption if organization is registered under section 12aa and 80 G.

Capital requirement:

There is no minimum capital requirement for forming a company

Advantage over trust:

In comparison to trust it has more credibility in the eye of law and donor

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Documents Required

1. Pan Card & pictures

Individual PAN card of all proposed directors/ shareholders are required for registration. In partnership firm separate PAN card will applied after partnership deed.


PAN

2. Aadhar Card

For registration under section-8 we need Adhaar card of allproposed directors/ shareholders for address of individual



aadhar

3. Photograph

A passport size photograph is required of every proposed directors/ shareholders



USER

4. Business address proof

For business address proof we need Electricity bill, rent agreement or any other government utility bill. ( not older than 2 months)

Electricity bill

5. bank sattement

Bank Statement for business authentication or the proof of permanent address. ( not older than 2 months)



Bank Statement
Smiling confident businesswoman posing with arms folded. Happy beautiful black haired young Latin woman in formal suit standing for camera over white studio background. Corporate portrait concept

why section 8 company...??

1. Easy to start

For starting partnership firm there is some basic requirements only, we only need two partners who come together for running business for profit or loss. The firm can be register by simple deed execution and application of PAN card.

2. Better option for social organisation

In comparison to NGO or Society Section -8 company would be considered as better option.

3. Esay to apply 80 g/ 12aa license

Once you have taken Section -8 company registration you can apply for tax benefits in income tax u/ 80 G or 12 AA.

4. MInimum annual cost

Unlike other social organization section 8 company requires minimal annual compliances

5. ELIGIBLE FOR CSR GRANT

Section -8 company is eligible for corporate grants under there CSR ( corporate social responsibility) program.

REGISTRATION PROCESS

Step-1

Expert advice

Get a call from expert so as they can understand business

Step-2

Documents submission

Send all the documents according to your business requirement as suggested by the expert.

Step-3

Documnets filling

After collection of all documents our expert will prepared form according to it and filled the same

Step-4

Incorporation certificate

Once all the documents has been filled you will get your certificate with in 7-8 days.

How Ovakil help in section 8 company registration ?

ovakil helps you for registering section 8 company, it usually take 7-8 days for all process

1. COMPANY INCORPORATION CERTIFICATE

We will provide company incorporation certificate after all process, this certificate is important for every company and required as a proof of company registration

2. SHAREHOLDERS/ DIRECTORS DSC AND DIN

This registration will take 2-3 days and GST registration is sufficient to open current account for business

3. PAN AND TAN

Permanent account number (PAN) and Tax allocation number (TAN) will be provide by us in this registration.

4. MOA AND AOA CREATION

Memorandum of association (MOA) and Article of association (AOA) will prepared after understanding your business needs.

HOW OVAKIL HELP IN OPC REGISTRATION ?
FAQ

FAQs

There is no requirement of minimum capital in case of section 8 companies

There must be at least 2 person required for forming section 8 company

Yes only charitable object can perused in section 8 companies

The company cannot change its object without taking permission form central government but al the available profits in the balance sheet would be taxable

No you have to apply for 12aa and section 80 g registration for claiming tax exemption

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all inclusive fees
1999/- Monthly
  • PAN / TAN
  • MOA / AOA
  • LLP REGISTRATION
  • 2 DSC
  • 2 DIN
  • EXPERT ADVICE
  • MSME REGISTRATION
  • GST REGISTRATION
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2499/- Monthly
  • PAN / TAN
  • MOA / AOA
  • LLP REGISTRATION
  • 2 DSC
  • 2 DIN
  • EXPERT ADVICE
  • MSME REGISTRATION
  • GST REGISTRATION
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  • PAN / TAN
  • MOA / AOA
  • LLP REGISTRATION
  • 2 DSC
  • 2 DIN
  • EXPERT ADVICE
  • MSME REGISTRATION
  • GST REGISTRATION
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