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29 Mar, 2024
Companies who have charitable and non-profit objectives, such entities are referred to as a Section 8 Company. These companies dedicate all their income and profits towards the charitable and non-profit objectives. Which is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment or other similar objectives.
Any Non-Profit Organization (NPO) can be incorporated as a Sec 8 company that is being associated with:
Section 8 Company has the following benefits:
Here are the basic steps of Section 8 Company Registration process:
Step1
The first step of the Section 8 company registration process is to create the DIN and DSC of the Directors.
Step 2
Name Approval- The second step is to get the approval of the name of the company.
Step 3
To achieve the RD1 License, it comes under Section 8 of the Company Act, which mentions the fact that the company will be working for the enhancement of science. Moreover, for commerce and the profit, we earn through it will be used for the benefit purpose of their objectives. Additionally, you would need MoA, AoA, and other documents at this stage.
You need to use the following forms:
Step 4
Next, you need to apply for a Certificate of Incorporation.
Step 5
Soon after the incorporation of the company, one must apply for PAN and TAN; for this, you will need Forms INC-7,8,10,9,22, DIR-2, and 12 with the ROC.
Online Legal India™ expert team of highly qualified CA/CS will guide you through the rest of the process for Section 8 Company Registration.
We are economical and give budgeted services for ones who are willing to start a company/business or any other kind of organization requires Registration/ License.
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