Section 8 company is suitable to form NGO or Non profit organisaction
Section 8 (earlier it named section 25 company) is registered under companies act 2013 and the object of this to establish or promoting of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object', provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. Therefore, Section 8 Company is a company registered under the Companies Act, 2013 for charitable
Self attested copy of PAN Card
Self attested copy of Voter ID/Passport/Driver License (Any One)
Latest Bank Statement/Telephone or Mobile Bill/Electricity / Gas Bill (Any One and not older than 2 month)
Scanned passport-sized photograph
mum 2 Director Required
Minimum 2 Shareholders Required
Director and Shareholder can be the person
No Minimum Share capital requirement
section 8 Company is registered under companies act 2013 and consider as separate legal entity and run under companies act provision and rules made there under.
The following documets are required for director and shareholders.
For Id prof - Following are the 3 documets are accepted as Id Prof.
Voter ID /Passport Copy/Driving Licence
For Address Prof - Following are the 5 documets are accepted as address Prof and it should not be older than 2 month.
Latest Bank Statement/Telephone Bill/Mobile Bill/Electricity Bill/Gas Bill
Additional Documents - Pan Card, Aadhar Card
Registered office is the address which are registered with concerned ROC and it can be happened in commercial as well as residential premises also and documents required for that is-
Electricity Bill/Gas Bill/Telephone Bill/NOC From Owner
Yes, NRI or any foreign national can become a director in a section 8 company subject to at least one director should be Resident of India.
Copy of Passport Which is attested by Consulate of Indian Embassy or Foreign Public Notary.
Copy of Bank Statement or Electricity Bills copy or Any Property Tax Payment Receipt which is attested by Consulate of Indian Embassy or Foreign Public Notary
A section 8 company must have minimum two person and they can become director as well s shareholder of company.
There is no minimum capital requirement prescribed for section 8 company however if Company put any capital eg. 1 Lacs than same is not necessary to pay to bank and it can be adjusted against pre incorporation expenses or you can show this as capital infused in form of assets such as computers, furniture etc.
Tax exemption is available only on charitable activity of section 8 company and there are certain conditions that needs to be adhered to for claiming such exemption. Such as getting 12A registration from the income tax department. Further after obtaining the registration the company has to ensure that at least 85% of the money received has been applied for charitable purposes and so on.
12A registration is like exemption certificate to be obtained from Income tax after to fulfil certain procedure. Without this registration, your receipts would be entitled to normal tax rates and the beneficial exemptions available would evade you. This registration would also help you in seeking grants from government or organizations abroad, as it serves as a legitimate proof of the existence and purposes of your NGO.
Usually, we register a company within 20-30 business days
DIN is a director identification number. DIN is allocated through SPICe Form if not allotted earlier.
The DSC is a digital signature certificate which is issued by the certifying authority to sign the electronic documents.
MOA defines mission, vision, and business object of the company and AOA refers to articles of association which defines the internal constitution of the company,
As per the Companies Act provision, the company name should be unique and not resembling with existing company name, and it should reflect the business object.
No, your physical presence is not required during the process, all the documents need to submit online in sofT copy.
Mandatory annual compliances for Pvt. Ltd. Company is as below-
1. Auditor Appointment.
2. Convene AGM.
3. Income Tax Return filing.
4. Filing of Annual Return in form MGT-7 and financial statements in AOC-4 and certification from company secretary.