Section 8 Company/ NGO Registration – व्यापार साथी

Section 8 Company/ NGO Registration

A Section 8 Company is a unique type of organization, formed specifically for promoting non-profit activities like education, social welfare, environmental protection, arts, sports, and charity.

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Section 8 Company Registration

A Section 8 Company is a unique type of organization, formed specifically for promoting non-profit activities like education, social welfare, environmental protection, arts, sports, and charity. These companies follow the rules of the Companies Act, 2013, and are dedicated to public welfare activities, using their profits to further their cause, rather than distributing them among members.

Registering as a Section 8 Company is ideal for those who wish to contribute to society through various non-profit activities. Whether it’s in the field of arts, science, research, sports, or social welfare, a Section 8 Company is a formal means to make a significant impact. This type of company is not driven by the goal of profit-making but focuses on the larger good of the community.

At Vyapar Saathi, we specialize in the registration of Section 8 Companies. We provide a seamless, hassle-free service to help you establish your non-profit organization.

Benefits of Section 8 Company

Setting up a Section 8 Company in India comes with a range of benefits, making it an appealing choice for those focused on charitable or social causes:

Tax Benefits: One of the biggest advantages is that Section 8 companies enjoy a 100% tax exemption under section 12AA of the Income Tax Act. This is because they use their profits for charitable activities, making their earnings non-taxable.
No Requirement for Minimum Capital: Unlike public limited companies, Section 8 companies aren’t bound by a minimum capital requirement. This flexibility allows them to modify their capital as needed to suit their growth and operations.
Separate Legal Identity: Like other types of companies, Section 8 companies are recognized as separate legal entities. This status grants them perpetual existence, enhances their credibility, and gives them greater legal independence.
High Credibility: Owing to their strict compliance with legal frameworks, Section 8 companies are often seen as more credible and trustworthy. They adhere to stringent regulations after registration, distinguishing them from NGOs and trusts.
Freedom in Naming: Section 8 companies have the liberty to choose their own names without the obligation to include “Section 8” in their title. This freedom allows them to select a name that aligns closely with their mission and values.

In summary, Section 8 companies in India offer significant benefits such as tax exemptions, flexibility in capital structure, legal independence, enhanced credibility, and naming freedom, making them an ideal choice for entrepreneurs dedicated to charitable or social causes.

Documentation for Section 8 or NGO Registraion

To set up a Section 8 Company in India, you’ll need to gather the following documents:

Company Rules and Objectives: These are your Articles of Association (AOA) and Memorandum of Association (MOA), which outline your company’s rules and its purpose.
Directors and Subscribers’ Declaration: The people starting the company need to provide a declaration. Unlike other company types, you don’t need an affidavit here.
Office Address Proof: A recent utility bill (like electricity, water, or gas) will show where your company is based.
Foreign Involvement (if applicable): If there’s a foreign company involved, you’ll need its incorporation certificate.
Decision from Promoting Company: If another company is helping to start this one, you’ll need a record of their decision to do so.
Nominee Consent: Form INC-3 is used to show that your chosen nominee agrees to be involved.
Proof of Identity and Residence: Both the nominees and the subscribers must provide documents proving who they are and where they live.
Digital Signature: You’ll need a Digital Signature Certificate (DSC) for the online registration process.
Declaration for Unregistered Companies: If your organization was operating without registration, a specific declaration is required.

Having these documents ready helps make the process of registering your Section 8 Company straightforward and efficient.

Section 8 Company Incorporation Process with Vyapar Saathi

Setting up a Section 8 Company in India is a step-by-step process. Here’s how Vyapar Saathi can guide you through it:

Get a Digital Signature

First, you need to get a Digital Signature Certificate (DSC) for the people who will be directors of your Section 8 Company. This is important for filing documents online with the Ministry of Corporate Affairs (MCA).

Director Identification Number

Next, apply for a Director Identification Number (DIN) for each director. This is a unique number given by the MCA to anyone who wants to be a director of a company in India.

Choose a Company Name

Now, pick a unique name for your company and make sure it’s not already taken by another company. You'll use Form INC-1 for this.

Apply for Company Incorporation

Once your company name is approved, you need to formally apply to start your Section 8 Company. This is done with Form INC-32 along with your company’s Memorandum of Association (MOA) and Articles of Association (AOA).

Get a Section 8 Company License

After your incorporation application is accepted, you need to get a special license for your Section 8 Company. Form INC-12 is used for this, along with the required documents.

Certificate of Incorporation

Finally, once you have your license, the MCA will give you a Certificate of Incorporation. This is the official proof that your Section 8 Company is set up and ready to go.

Why Choose Vyapar Saathi for Your Section 8 Company Registration?

At Vyapar Saathi, we specialize in the registration of Section 8 Companies. We provide a seamless, hassle-free service to help you establish your non-profit organization:

Expert Guidance: Our team is knowledgeable in the specific requirements and processes involved in Section 8 Company registration. We guide you through every step, ensuring compliance with legal norms.
Efficient Process: We value your time and commitment to social causes. Our efficient registration process ensures that your organization is set up quickly and without any complications.
Simple and Transparent: We believe in making the complex process of registration easy to understand and transparent, keeping you informed at every stage.
Minimum Requirements: To start a Section 8 Company, you only need a minimum of two directors, and there’s no requirement for minimum paid-up capital, making it accessible for those driven by a vision for social welfare.
End-to-End Assistance: From the initial paperwork to the final submission and beyond, Vyapar Saathi is with you at every step, ensuring that your journey towards making a positive social impact is smooth and successful.

Establish your Section 8 Company with Vyapar Saathi and embark on your mission to make a difference. Contact us today to begin your journey of social contribution and community welfare.

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