Section 8 Company

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Incorporation of Section 8 company - Exclusive of government fee & stamp duty
19999 /All inclusive price
Section 8 Company

Generally companies are promoted with an object of making profit by carrying commercial transactions. But a Section 8 company can be registered with charitable motive with the object not to make any profit also.

These companies must be formed with an object to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object. The name of a Company registered under Section 8 of the Act, the name shall include the words foundation, Forum, Association, Federation, Chambers, Confederation, council, Electoral trust etc.

As per section 8 of Companies Act 2013, where it is proved to the satisfaction of the Central Government that a person or an association of persons want to register themselves under section 8 as a limited company for the furtherance of above mentioned objects, the Central Government may, by license issued in prescribed manner allow that person or association of persons to be registered as a limited company under this section

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    1. Section 8 Companies do not require a minimum paid-up share capital like other companies.
    2. Members of the company are only allotted a limited liability. Protection of personal assets in case of any discrepancy by the law is an advantage.
    3. Numerous Tax exemptions are applicable.
    4. Central Government’s license offers greater credibility than NGOs, trusts and societies.
    5. It is optional for the company to use suffixes such as Pvt.Ltd or Ltd.
    6. No stamp duty during registration.
    7. Rather than individuals, a Firm can also be a member of the company
    Documents Required for Registering a Section 8 Company
    1. Director Identification Number (DIN)
    2. Digital Signature Certificate
    3. Memorandum of Association
    4. Articles of Association
    5. Passport size Photographs
    6. Members Id Proof such as Aadhar Card, Passport, Voter ID.
    7. Details of Director
    8. Address Proof