Section 8 Company Registration | Section 8 Company Incorporation | Section 8 Company Formation | Trust Registration | Society Registration | NGO Registration | Simple and Easy way to Register a Company with Raag Consultants
Section 8 Company Registration Package Includes: ✓DSC ✓DIN ✓Name Approval ✓COI ✓MOA ✓AOA ✓PAN ✓TAN ✓Bank A/c Opening ✓GST Registration ✓MSME Registration and many more.
Section 8 Company Registration Cost Starts from Rs. 15,599 + 18% GST (Only Professional Fees)
Total Company Registration Time : 3-5 Days
What is Section 8 Company Registration | Section 8 Company Incorporation | Section 8 Company Formation | Trust Registration | Society Registration | NGO Registration
A Section 8 Company is a selected shape of Company which:
Is integrated for the promoting of commerce, art, science, education, research, sports, charity, social welfare, religion, safety of surroundings or such a different object.
It intends to use all it’s profits, profits, or different earnings, in selling those objects.
Pays no dividend or profits to its members.
These are restricted agencies, that are registered beneathneath the Companies Act, and might be handled as restricted agencies with out the phrase “restricted” being introduced to their name. They might also additionally were registered both as “non-public restricted or public restricted agencies”.
Section 25 Company (beneathneath Companies Act, 1956) is a previous version. Section eight Companies are a prison shape of “Non-Profit Organizations (NPOs) or Non-Governmental organizations (NGOs)”. A Section eight Company has the authority to paintings everywhere withinside the country.
Raag Consultants will help you in Section 8 Company Registration Delhi, Section 8 Company Incorporation Mumbai, Section 8 Company Name Registration Chennai, Online Section 8 Company Registration Kolkata, Jaipur and different Indian metro in addition to non-metro cities. We will assist you with agency formation process and new agency incorporation process. All the agency incorporation process and required agency registration files may be given to you through our experts.
Benefits to Register a Section 8 Company or Form a Section 8 Company
Being an NPO or a Non-income Organization does now no longer imply that the business enterprise can not make a income or earnings. It best means that the business enterprise can earn earnings however the promoters aren't to advantage from the ones income. The income can not be dispensed some of the promoters. All earning should be carried out to selling the object.
Still, positive exemptions and blessings were furnished for each “NGO and NPO” u/s eight of the Companies Act 2013. Numerous Tax exemptions also are there for such agencies. Even the donors contributing closer to Section eight Company are eligible to say the Tax Exemption towards those donations.
Some of the blessings are:
Distinct Legal Identity:
Section eight Company is a separate felony entity and isn't like it’s participants. The Company has perpetual existence. Along with having prepared operations and more flexibility.
Zero Stamp Duty:
A Section eight Company is exempt from the requirement of paying stamp responsibility at the MoA and AoA of the personal or public restrained business enterprise, that is relevant for registration of different types of business enterprise structures.
No Minimum Capital Requirement:
o minimal capital restrict has been referred to for a Section eight Company in India. And the capital shape may be altered at any level as according to the boom necessities of the business enterprise. This means that it is able to be shaped with none percentage capital. The budget vital for wearing the commercial enterprise operations may be brought, later, withinside the shape of donations and/or subscriptions from participants and the overall public.
Section eight Company isn't required to suffix “Public Limited or Private Limited”, subsequent to it’s felony name. It may be registered with names such as “Association, Society, Council, Club, Charities, Foundation, Academy, Institute, Organisation, and Federation”.
Requirements of Companies Auditor’s Report Order or CARO do now no longer observe to this sort of business enterprise.
For Section eight Companies in India, many tax blessings are granted.
Section eight Companies are greater dependable than all different styles of charitable organizations. They are ruled with the aid of using the Companies Act and are regulated strictly. Such because the requirement of a obligatory annual audit, and each the “MOA and AOA” can not be altered at any level or situation. The policies on dealing with the income and losses of the business enterprise make those agencies trustworthy.
Exemption to the donors:
Those donating to a Section eight Company are eligible for tax exemptions u/s 12A and 80G of the Income Tax Act.
A registered partnership organization can end up a member in it’s person ability and reap Directorship.
Different Types of Company Registration / Company Formation:
1) Private Limited Company Registration:
This shape of Company Registration is good for the commercial enterprise who's watching for excessive annual Sales and for the marketers who's searching for outside supply of funding. Under Private Limited Company, minimal numbers of individuals required to shape a agency. Under this Company formation, the necessary compliances associated with MCA, GST, Income tax is excessive in comparison to different kind of formations. Private Limited Company offers the easy and clean platform to elevate the capital withinside the agency. Private Limited Company formation also can gives ESOP to their employees.
2) Public Limited Company Registration:
This shape of Company Registration is good for the commercial enterprise who's watching for excessive annual Sales and for the marketers who's searching for capital from individuals in addition to from widespread public. Under Private Limited Company, minimal 5 numbers of individuals required to shape a agency. Under this Company formation, the necessary compliances associated with MCA, GST, Income tax may be very excessive in comparison to different kind of formations. Public Limited Company offers the easy and clean platform to elevate the capital withinside the agency. Public Limited Company formation also can gives ESOP to their employees.
3) Limited Liability Partnership LLP Company Registration:
This shape of Company formation is good for the Service agencies and additionally best for the agencies who want decrease funding to begin a commercial enterprise. Under Limited Liability Partnership firm, minimal numbers of companions required to shape a llp. Under this Company formation, the necessary compliances associated with MCA, GST, Income tax is much less in comparison to Private Limited Company Registration. Raising of Contribution is little bit hard in comparison to Private Limited Company. LLP Company formation can't provide ESOP to their employees.
4) One Person OPC Company Registration:
This shape of Company Registration is good for the owner commercial enterprise who's watching for criminal shape of the entity and restrict their legal responsibility and still have whole manipulate over the agency. Under this Private Limited Company, minimal one numbers of individuals required to shape a agency and one nominee required to shape a Company. Under this Company formation, the necessary compliances associated with MCA, GST, Income tax may be very much less in comparison to different kind of formations. This Private Limited Company offers hard platform to elevate the capital withinside the agency. Private Limited Company formation can't provide ESOP to their employees.
Different Packages for Different Company Registration Formation
Required Documents for Section 8 Company Registration
Passport Size picture of directors
Copy of PAN Card of directors
Copy of Aadhaar Card/ Voter identification card of directors
Electricity/ Water bill (Business Place)
Copy of Property papers(If owned property)
Copy of Rent agreement (If rented property)
Checklist for Section 8 Company Registration in India
According to the regulation withinside the Company Act, 2013 so as for any agency to be registered in India, the under situations need to be met.
Minimum Two Directors:
A personal constrained agency ought to have as a minimum administrators and at most, there may be 15. Of the administrators withinside the enterprise, as a minimum one ought to be a resident of India.
Register your Company Name:
The call of your enterprise ought to be unique. The recommended call need to now no longer healthy with any current agencies or logos in India.
Minimum Capital Contribution:
There isn't anyt any minimal capital quantity for a agency. A agency need to have a licensed capital of as a minimum Rs. 1 lakh.
The registered workplace of a agency does now no longer need to be a industrial space. Even a rented domestic may be the registered workplace, as long as an NoC is received from the landlord.
How to do Online Section 8 Company Registration | Section 8 Company Formation | Section 8 Company Incorporation? - A exact corporation registration procedure
Company Registration might be greater useful for startups in India due to the fact the authorities presents many felony compliance reliefs to the brand new startups to inspire them to do commercial enterprise in India. The MCA (Ministry of Corporate Affairs) regulates the corporation registration method with guidelines and rules framed according with the law. Following are the exact steps for Company Registration:
Step 1: Prepare and apply for Digital Signature Certificate for each directors.
Step 2: Prepare and get apply the Director Identification Number for every directors
Step 3: Application for the call availability.
Step 4: Filing of the E-MoA and E-AoA to sign up non-public constrained corporation
Step 5: Prepare application and apply for the PAN and TAN of the Company
Step 6: Issued certificates of incorporation with the aid of using ROC with PAN and TAN
Step 7: Opening a present day financial institution account on corporation call
Register your Section 8 Company Name before Section 8 Company Registration
One of fundamental and preliminary step withinside the method of Section 8 Company Registration is to test the provision of the corporation call. There is a facility given with the aid of using the Ministry of Corporate Affairs to test the resemblance with the agencies already registered withinside the MCA database and additionally take a look at whether or not the corporation call is resemble with any trademark or now no longer with the aid of using looking in Intellectual Property Rights database.
We endorse the organizations to give you 3 to 4 opportunity names at some point of the approval level of Section 8 Company Registration. The Ministry of Corporate Affairs might be the very last authority to approve the call primarily based totally at the availability guidelines and rules.
If you're dissatisfied that a desired call is taken, do keep in mind that the call of your corporation would not ought to be your logo call. However, if you'll trademark your logo call, additionally take a look at if it has already been trademarked at http://www.ipindia.gov.in/. If it's been trademarked, you will want a no-objection certificates from its proprietor to have it authorised as your corporation's call.
Mandatory Compliances after Section 8 Company Registration | Section 8 Company Formation
All groups registered in India are required to keep compliance below numerous regulations. Failure to keep compliance can result in penalty or disqualification of the administrators.
Raag Consultants will let you with accounting and preserving of statutory compliances for the corporation at a completely low priced fee point.
Some of the vital compliances for groups registered in India are given to the right. Please word that extra paperwork can also be relevant as in line with authorities notification.
Other than those obligatory compliances, there are others that want to be achieved relying at the corporation’s timeline. Raag Consultants additionally assists in growing permitted capital, converting registered office, alternate in administrators and others.
Following are a number of the necessary preliminary compliances which each corporation must comply to keep away from heavy penalities and strike off of the groups call from ROC registrar:
Statutory Auditor appointment:
30 days of Incorporation
The board of administrators should hire a practicing Chartered Accountant inside 30 days of incorporation.
Commencement of Business:
a hundred and eighty days of Incorporation
The capital stated withinside the MOA [Memorandum of Association] should be deposited in a financial institution and graduation certificates should be received from MCA.
Income Tax Filing:
thirtieth September of every year
Companies registered in India should record earnings tax go back every 12 months in Form ITR-6.
thirty first October of every year
Companies registered in India should record MCA annual go back every 12 months in paperwork AOC-four and MGT-7.
thirtieth April of every year
The DIN KYC manner should be finished every 12 months for the administrators of the corporation.
Donations / Funding of Section 8 Company
Section eight Company isn't allowed to elevate capitals through manner of deposits however they are able to be given donations from the overall public. Below are a number of the methods through which it may increase funding:
Foreign Donations: Foreign donations are allowed handiest while FCRA (Foreign Contribution Regulation Act 1976) registration has been done. FCRA license can handiest be carried out after 3-years from the date of registration. However, if a few honestly pressing overseas donations are necessary, then you could practice for a previous permission from the commissioner.
Equity Funding: Section eight Company also can increase price range through issuing new fairness stocks at a better value.
Domestic donations: There isn't anyt any hindrance to the home donations. But to keep away from cash laundering cases, a right device need to be laid right all the way down to hold them in check.
Section 8 Company Registration Filing Form - Manual to New Web-primarily based totally SPICe + Form
SPICe Plus serves many necessities like call reservation, incorporation, DIN allotment, difficulty of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra) and Opening of Bank Account. Moreover, one also can collect the GSTIN through SPICe + form.
Name Reservation (Applicable to New Companies most effective)
Section 8 Company Incorporation Forms
Application for DIN
Opening of Bank Account for the Section 8 Company
Profession Tax Registration (most effective for Maharashtra)
Documents required for Online Section 8 Company Registration in India thru filing the SPICe+ form
The Articles of Association
Memorandum of Association
Declaration via way of means of the subscribers and via way of means of the administrators
A affirmation for the deal with of the office
Two months application payments copy
Certificate of incorporation of the Outer Country frame corporate [If applicable]
A decision handed via way of means of the worldwide Section 8 Company [If applicable]
A advice declared via way of means of the promotional Section 8 Company [If applicable]
The hobby of the administrators from different entities [If applicable]
Identity evidence and home deal with of the subscribers and the nominees
Identity evidence and home deal with of Applicants
The Declaration/Resolution of the unregistered companies
DSC(Digital Signature Certificate)
Any different document [If required]
Proof of major area of business
Evidence of appointment of Authorized Signatory for GSTIN
Either of the documents– Letter of Authorization/Copy of Resolution handed via way of means of BOD
Managing Committee and Acceptance Letter
Proof of identification of Authorized Signatory for the hole of a financial institution account
Proof of deal with of Authorized Signatory for the hole of a financial institution account
Specimen Signature of Authorized Signatory for EPFO
The statement in form 'INC-9' of the subscribers and the administrators should get auto-generated in PDF layout and provided electronically. The aspirant has to offer the advice in conjunction with a certification advocated via way of means of a professional, together with Section 8 Company Secretary, Chartered Accountant and Cost Accountant.
List of help in order to be supplied via way of means of the Online Section 8 Company Incorporation Form i.e SPICe+ form:
Director Identification Number (DIN) Allotment
Incorporation of Section 8 Company
PAN Issuance for the Section 8 Company
Issue of TAN
Registration of Section 8 Company as an Employer with EPFO
ESIC Registration for the Section 8 Company
Profession Tax Registration for the State of Maharashtra
Bank Account Opening.
Section 8 Company Registration as Tax Payer in GST
Register your Company Name before Company Registration
Frequently Asked Questions
Q. What are the situations to include a Section 8 Company?
A. The situations of Company Registration or for the incorporation of a non-public confined agency are that:
The variety of contributors have to be among 2-200.
There have to be as a minimum administrators and shareholders
Each director have to have a Directors Identification Number (DIN)
PAN card reproduction of administrators/shareholders. Passport reproduction for NRI subscribers.
Q. Can Company Registration be carried out on residential deal with?
A. Yes. The agency desires to offer deal with evidence for incorporation. But the Ministry of Corporate Affairs (MCA) lets in a residential deal with for use because the agency’s registered deal with. Thus any deal with may be supplied because the registered deal with.
Q. What are MOA and AOA?
A. Memorandum of Association (MOA) is described below phase 2(56) of the Companies Act 2013. It is the inspiration on which the agency is built. It defines the constitution, powers and gadgets of the agency.
The Articles of Association (AOA) is described below phase 2(5) of the Companies Act. It information all of the guidelines and rules referring to the control of the agency.
Q. What are the attachments to Form 8?
A. The following files have to be connected with Form 8:
Disclosure below Micro, Small and Medium Enterprises (MSME) Development Act, 2006 is a obligatory attachment.
Statement of contingent liabilities to be connected in case any contingent legal responsibility exists.
Any different applicable records may be supplied as an elective attachment.
Q. How is SPICe+ extraordinary from INC 29?
A. SPICe+ could be very just like INC 29, which turned into getting used to include companies. Both bureaucracy quicken the procedure of incorporating the agency. However, the good sized distinction among the 2 bureaucracy is that withinside the new SPICe+, there's a provision for getting into call approval that turned into already acquired with the aid of using the applicant, while withinside the shape INC 29, there has been no provision for getting into a formerly acquired call approval main to probabilities for submission and rejection.
Q. Is there a restrict at the variety of administrators which can use the SPICe+ for acquiring DIN?
A. For the incorporation of the agency, a most of 3 administrators can use the incorporated shape for submitting utility for allotment of DIN.
Q. Are PAN and AADHAR obligatory?
A. No. The Companies (Incorporation) Third Amendment Rules dated twenty seventh July 2016 has comfortable the required attachment of evidence of identification and house in appreciate of a subscriber having a legitimate DIN.
Q. Is it obligatory to document eMOA and AOA in conjunction with SPICe+?
A. Yes it's miles obligatory to document eMOA and eAOA withinside the following instance
person subscribers are Indian nationals
If people subscribers are overseas nationals, then they have got a legitimate DIN and DSC and additionally put up evidence of a legitimate enterprise visa
non-person subscribers primarily based totally in India
Q. In what instances are bodily copies of MOA and AOA required to be signed and connected?
A. Physical copies are had to be signed and connected in case non- person first subscribers are primarily based totally out of India, or person overseas subscribers do now no longer keep a enterprise visa. It is to be mentioned that If bodily MOA and AOA are filed, then there's no want to connect eMOA and eAOA.
Q. How are PAN and TAN communicated to the consumer as soon as SPICe+ is accepted?
A. On attractiveness of SPICe bureaucracy, the Certificate of Incorporation (COI) can be issued with legitimate PAN and TAN as allocated with the aid of using the Income Tax department. An e mail with the COI as an attachment in conjunction with PAN and TAN can be despatched to the applicant. PAN and TAN withinside the e mail can be held legitimate because the requirement for a laminated card for PAN has been carried out away with.