Section 8 Company Registration

Section 8 Company is a type of company incorporated under the Companies Act, 2013, for charitable or non-profit purposes. Below are the key features and benefits of a Section 8 Company:

Key Features:

• Non-Profit: Section 8 Company is incorporated for charitable or non-profit purposes.
• Limited Liability: Members have limited liability, protecting their personal assets.
• No Minimum Capital: No minimum capital requirement for incorporation.
• No Dividend Distribution: Profits cannot be distributed as dividends; must be reinvested in the company.

Benefits:

• Tax Exemptions: Eligible for tax exemptions under Section 80G and Section 12A of the Income Tax Act.
• Simplified Compliance: Relaxed compliance requirements compared to other types of companies.
• Increased Credibility: Section 8 Company is considered a more credible and trustworthy entity.
• Government Funding: Eligible for government funding and grants.

Documents Required:

• Memorandum of Association (MOA): Outlines the company's objectives and scope.
• Articles of Association (AOA): Defines the company's internal management and rules.
• Incorporation Certificate: Issued by the Registrar of Companies (ROC).
• PAN Card: Permanent Account Number (PAN) card of the company.

Incorporation Process:

• Name Approval: Obtain name approval from the ROC.
• File MOA and AOA: File the MOA and AOA with the ROC.
• Obtain Incorporation Certificate: Receive the incorporation certificate from the ROC.
• Apply for PAN Card: Apply for a PAN card for the company.