Section 8 Company

Section 8 Company is named Section 8 of the Companies Act, 2013, which pertains to a established ‘for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object’, provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. Therefore, Section 8 Company or Section 25 Company is a company registered under the Companies Act, 2013 for charitable or not-for-profit purposes.

Registration of Section 8 Company Minimum requirements

Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
Scanned copy of Voter’s ID/Passport/Driver’s License
Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
Scanned passport-sized photograph
Specimen signature (blank document with signature)

Section 8 Company Features

Profits of section 8 companies are utilized only for its objectives
Members don’t receive any dividend
You cannot incorporate section 8 companies through filing form INC-29.
Unlike formation of other companies, there is an additional requirement to obtain a license from the Central Government.
“Pvt. Ltd” word cannot be used in the name of section 8 company

FAQ

Is it necessary to have 2 directors for Section 8 Company Registration?

Yes, you need a minimum of two directors for a section 8 company registration.

Who can become a member in Section 8 Company?

Any individual/organization can become the member of Section 8 Company including foreigners/NRI

For incorporation of Section 8 Company, do I have to be present in person?

The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail…

Are there any other payments to be made for incorporation certificate in addition to fee paid at the time of registration?

There is absolutely no other payment. We will send you an invoice that is all-inclusive, with no hidden charges.

Time required in forming a Section 8 Company?

Section 8 Company incorporation takes less than 20 days. The time taken also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents prior to starting the registration process.

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