Section 8 Company Registration - Online Process, Documents Required, Cost
Section 8 company registration is the most popular form of NGO registration and has more credibility among donors, government and other stakeholders. It has more benefits than traditional charitable institutions and is registered under the Companies Act, 2013.
The main objective of Section 8 company is to promote arts, sports, commerce, science, religion, social welfare, charity and environmental protection. Section 8 company can be registered both as a private limited company or a public limited company
At Monitrix, Our Team of experts will help you register your Section 8 company in a seamless manner without you being worried about the documents and registration process. We will take care of all the documents and registration requirements and do the incorporation in the most efficient way due to our years of experience in Company registration.
What is Section 8 Company?
Section 8 company is an upgraded form of Society and Trust. It has many benefits over traditional forms of charitable institution registration. Section 8 company is the most popular form of NGO registration in India . It is easy to register, run and manage.
The main purpose of Section 8 company is to promote non-profit objectives such as commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment and other charitable purposes.
In effect from April 1, 2021, all NGOs need to file Form CSR-1 on MCA portal to register with Central Government. MCA has made this Form available on its website and made it mandatory for all the social organisations seeking CSR funds or CSR implementing agencies to file it. The aim of the CSR-1 Form is efficient monitoring of CSR spendings in the country.
Minimum requirements for Section 8 Company registration
- Minimum 2 directors are required if Section 8 company is incorporated as a private limited company
- Minimum 3 directors in case of incorporation as a public limited company
- At least one director should be the resident of India
- Registered office address
- The objective of the company should be for charitable or social purpose only
- The profit cannot be shared among shareholders
Section 8 Company Registration Fees
The total Registration fees of Section 8 Company is Rs7,499 including government Fees and professional fees.
| Section-8 Company Registration | Registration Fees |
| Digital Signature Certificate Fee | 2,000 |
| Government Fees(Stamp Duty) | 1,500 |
| Professional Fees | 3,999 |
| Total Cost | 7,499 |
Note - The above mentioned registration fees includes registration for 2 members with minimum Authorised capital of Rs 1,00,000, creation of DSC, Government Fees(Stamp Duty) and Professional fees.The Registration cost may vary if the number of members or the value of Authorised Capital is changed.
Register your Section 8 Company in India with Monitrix
The process of Section 8 company registration is complicated and involves various compliances. Our experts at Monitrix can simplify the whole registration process for you. Register your Section 8 company online in 3 easy steps:
Step 1: Get in touch call or contact form
Step 2: Provide Necessary documents
Step 3: Get your incorportion registered in 10 days
Documents required for Section 8 Company registration
.png)
As per the Companies Act 2013, you need to provide proper identity and address proof to be submitted on the Ministry of Corporate Affairs (MCA) portal for Section 8 company registration.
Identity and Address Proof of Directors/Shareholders
Passport size photographs of the directors
Copy of Aadhar Card
Copy of Driving License or Voter ID
Copy of PAN Card or Passport (in case of foreign national or NRI)
Copy of latest bank statement and utility bill
Address Proof of Registered Office
Copy of electricity/water/gas bill (not older than two months)
Rent agreement in case of rented office
No Objection Certificate (NOC) from the owner of the property
Time required for registration process
On average, it takes around 10-14 working days to register a Section 8 company in India subject to document verification by the Ministry of Corporate Affairs (MCA).
Also Read:
- NGO Registration Process
- Section 8 Company Registration
- How to Name your Section 8 Company
- Features of Section 8 Company
- How to register a Section 8 Company
Benefits of Section 8 Company registration
.png)
Eligible for grant and donations
The companies registered under section 8 becomes eligible for various grants offered by the Government of India. Further, Section 8 Companies are also entitled to receive donations from the general public.
Exemption to the donors
Those donating to a Section 8 Company are eligible for tax exemptions under 80G of the Income Tax Act.
Tax Benefits
There are many tax benefits for Section 8 companies in India.
Separate Legal Entity
The identity of the Section 8 Company and its directors are separate which means the entity will continue to survive, even if all the directors of the company become incompetent to carry on the business.
No Minimum Capital
There is no requirement of minimum paid-up capital for the Section 8 Company registration.
Credibility
Section 8 Company creates their own credibility in the market by holding the License issued by the ROC and the various kinds of activity undertaken by them.
Section 8 License
The Registrar of Companies provides License to Section 8 Companies in Form INC-16.