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Section 8 Company Registration Consultants in Bangalore

Registering a company as Section 8 helps promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare, sports research, etc.

Charitable Trusts can be set up in three different ways.

  • register a trust under the Indian Trust Act (register the trust at Sub-Registrar’s Office)
  • Register it as a society under State Co-operative Societies Act or
  • incorporate a company under Companies Act, 2013

The registration of a company under the Companies Act, 2013 is popularly known as ‘Section 8’ company.

Who can set up a Section 8 company?

  • LLP is to be registered with the Ministry of Corporate Affairs (MCA).
  • It is a corporate body and is incorporated under the act. LLP is a legal entity and is separate from its partners.
  • LLP can continue its existence after the death, insolvency, or retirement of one or more partners.
  • The entity and the partners are distinct from each other.
  • The liability of each partner is limited to their agreed contribution in the LLP.
  • There have to be at least two partners and no limit on the maximum number of partners.
  • LLPs are common in Professional businesses such as Law firms, accounting firms, and wealth managers.

Documents Required for Registering a Section 8 Company

  • Director Identification Number (DIN)
  • Digital Signature Certificate
  • Memorandum of Association
  • Articles of Association
  • Passport size Photographs
  • Members Id Proof such as Aadhar Card, Passport, Voter ID.
  • Details of Director
  • Address Proof

Procedure for Incorporation of Section 8 Company

Once we receive the payment from you, we will do the following;

  • Apply for DSC (Digital Signature Certificate) for all directors.
  • Apply for Director Identification Number (DIN).
  • Apply for the Company Name
  • Document preparation (DIR-2, INC-9, MOA, AOA, and NOC) for the Incorporation and send you sign.
  • Received Document from you and Filing of e-forms with ROC (Registrar of Companies) and Payment of ROC Fees & Stamp Duty.
  • Verification of documents/forms by ROC and Issue of Certificate of Incorporation by ROC
  • Sending you company Certificate Kit

Advantage Section 8 Company

  • A Section 8 Company can be formed with two members only, by Company Act 2013.
  • It is registered as a separate legal entity. It has its rights and obligations.
  • Section 8 Company is a limited liability; the members/partners are not affected. They are liable for unpaid shares only.
  • No minimum share capital is required.
  • Section 8 Company is an NGO. The company doesn't depend upon the life of its members. There will be no effect on the firm's continuance.

Monthly Servay

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Frequently Asked Questions

A company is referred to as Section 8 Company when it registered as a Non-Profit Organization (NPO), i.e., when it promotes arts, commerce, education, charity, protection of the environment, sports, science, research, social welfare, religion and intends to use its profits (if any) or other income for promoting these objectives.
The main reason why Section 8 is preferred is that it has got several exemptions in terms of tax and others.

GST applicable to Section 8 companies?

No GST does not apply to Section 8 Companies..
Section 8 company also forms as a private limited or public limited company having limited liability. Members of this company have limited liability as per their share subscribed. This company doesn't issue a dividend to its members because it is restricted from the law.

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