Section- 8 Company
SECTION 8 COMPANY is registered under the Companies Act, 2013 in order to promote non-profit objectives such as Commerce,..
SECTION 8 COMPANY
SECTION 8 COMPANY is registered under the Companies Act, 2013 in order to promote non-profit objectives such as Commerce, Art, Science, Sports, Education, Research, Social welfare, Religion, Charity, Protection of environment etc.
As per rule 8(7) of the Companies (Incorporation) Rules, 2014, for the Companies under Section 8 of the Act, the name shall include the words foundation, Forum, Association, Federation, Chambers, Confederation, council, Electoral trust and the like etc.
Features :
- No minimum capital requirement
- No Stamp Duty
- Limited Liability
- Separate Legal Entity
- Exemption to donors
- Requires license from the central govt.
- Enjoys tax exemption
How registration process goes:
- Get DSC- Digital signature certificate
- Get business name approved
- Take Section 8 company license
- File SPICe form (INC-32)
- File MOA (INC-33) & AOA (INC-34)
- Get certificate of incorporation
REQUIRED DOCUMENTS:
- Aadhar Card
- PAN Card
- Electricity Bill
- Office address proof (Conveyance/ Lease deed/Rent Agreement along with rent receipts)
