What is a Section 8 Company?

A section 8 company is a company which is proposed to registered as limited company and its objects must contain the following :

• Promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any other such object.
• Intends to apply its profits for fulfillment of above objects
• Prohibit the payment of dividend to its members

These type of companies offers advance and organized way of doing charitable activities to the non-profit organizations. These are limited companies without using the suffix “Limited” and are governed by the provisions of section 8 of companies act, 2013.

Benefits of Section 8 Companies

• Organized and Credible
  Charitable or religious activities can be done in an organized manner and considered more credible than all other forms of charitable organizations
• Tax Benefits
  Tax Benefits under different sections of Income Tax Act can be claimed on surplus left.
• Exemptions to Donors
  Donors can claim deduction u/s 80G of Income Tax Act provided separate approval u/s 80G obtained.
• Zero Stamp Duty
  Section 8 companies are exempt from payment of stamp duty applicable on the MOA/AOA of company

What is included in our Package?

• Name Approval (Up to 2 RUN form)
• DSC of 2 Members (Members and Directors can be same)
• DIN of 2 Directors
• Drafting of MOA/AOA
• ROC Fees
• PAN & TAN Nos.
• Assistance in Bank Account Opening

Documents/Details

• Certificate of Incorporation
• Pan Card of New Company
• TAN No Of New Company
• 10 Printed Copies of MOA and AOA

Process

• STEP : 1 Fill our Basic Form
• STEP : 2 Application for Name Approval Form (RUN)
• STEP : 3 Application for Digital Signature Certificate
• STEP : 4 Filing of Spice + form , e- MOA and e-AOA to Registrar of Companies
• STEP : 5 Issue of Certificate of Incorporation by ROC along with PAN and TAN

Deliverables

• Certificate of Incorporation
• Pan Card of New Company
• TAN No Of New Company
• Section 8 License