Why start a Section 8 Company?
Serve the society
Established for promoting commerce, art, object, science, religion, sports, education, research activities, charity or any other useful social cause
For exemptions and relaxations
Section 8 company can earn profits but the promoters / members can not be benefitted out or those profits, unlike other business entities.
How to start Section 8 Company?
No minimum paid-up capital
Availment of tax benefits
Credibility & Reputation
Benefits of choosing a Section 8 Company
Separate Legal Identity
No Corporate
Title
Limited
Liability
Timeline
FAQs
What are documents required?
What you will get?
Deliverables that you will receive by choosing this service are -
1) DIN for 2 Directors
2) AOA and MOA
3) Bank Account opening support
4) Company PAN Card
5) ESI and PF Registration
6) Business Incorporation Certificate
7) Payment Gateway Integration Support
8) Company TAN/TDS Number
9) GST Registration* (Auto Approval from ROC)
Minimum Criteria to apply for Section 8 Company
1) Minimum 2 Shareholders required for Private Limited NGO
2) Minimum 7 Shareholders required for Public Limited NGO
3) Director Identification number (DIN) for all the directors
4) Minimum 2 Directors
5) Digital Signature Certificate (DSC) for the promoters
1) PAN Card - PAN Card of shareholders and Directors.
2) Identity Proof - Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.
3) Director's Address Proof - Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.
4) Photograph - Latest Passport size photograph of Shareholders and Directors.
5) Business Address Proof - Latest Electricity Bill/ Telephone Bill of the registered office address
6) NOC from Owner - No Objection Certificate to be obtained from the owner(s) of registered office
7) Rent Agreement - Rent Agreement of the registered office should be provided if any
8) Statement of Income & Expenditure - Estimated Statement of Income & expenditure for next 5 years