Contact No
+91-9465331815
+91-9465331815
Contact Email
cayogeshmehra@gmail.com
cayogeshmehra@gmail.com
The primary purpose of registering a company as a Section 8 Company is to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare, sports research, etc.
Check out details with the procedure for registration of section 8 with companies Act, 2013
Who can Incorporate a Section 8 Company?
An individual or group of individuals can apply for Section 8 Company Registration if it holds the below-mentioned intentions. The objectives have to be confirmed to the satisfaction of the Central Government.
Director Identification Number (DIN)
1. Digital Signature Certificate
2. Memorandum of Association
3. Articles of Association
4. Passport size Photographs
5. Members Id Proof such as Aadhar Card, Passport, Voter ID.
6. Details of Director
7. Address Proof
In India, a Trust is controlled by the trustees mentioned in the Trust Deed. Section 8 Company will be governed by the Board of Directors, similar to a Private Limited Company.
During the process of incorporation, the DSC is obtained for the proposed directors. The following documents must be submitted.
1. PAN or Aadhar card.
2. Drivers License/ Passport/ Election ID/ Government Issued ID.
After submitting these documents, the applicant must complete an OTP and eKYC procedure to obtain a DSC in their name.
The 80 G Certificate exempts the individuals who have made donations to the charitable trusts or the Section 8 company fully or partially from paying the taxes. For example, A charitable organizations or trust that is registered under 12 A allows an individual to avail tax exemption under Section 80 G.
There is a maximum allowable deduction criterion. If the amount donated exceeds 10% of the total gross income, then the excess amount will not qualify for tax benefits.
An individual who makes an eligible donation is entitled to avail tax exemption under the 80 G
Donations that are made to a listed trust and organizations only qualify for deduction u/s 80 G
Registration under this section will be processed by the commissioner of Income-tax after receiving an application from the applicant in Form 10 G. The application should be accompanied by the following documents.
The Income Tax Department grants 12 A registration, one-time registration to trusts and other non-profit organizations. The 12 A registration aim at exempting from the payment of income tax.
Immediately after incorporation, generally, an application for 12 A registration is made. Trusts and NGOs which have obtained 12 registrations enjoy exemption from paying taxes on their surplus income. All entities can get 12 A registration.
A minimum of two people are required to register a section 8 company in India.
The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in a Indian Section 8 Company.
An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.
No, you will not have to be present at our office or appear at any office for the registration of a Section 8 Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office.
Identity proof and address proof is mandatory for all the proposed Directors of the Section 8 Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.
The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.
A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Section 8 Company.
Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.
Yes, a NRI or Foreign National can be a Director in a Section 8 Company after obtaining Director Identification Number. However, atleast one Director on the Board of Directors must be a Resident India.
