Section 8 Company Service Details in India

1. What is a Section 8 Company?
A Section 8 Company is a non-profit organization established for promoting a charitable purpose such as education, healthcare, social welfare, environmental protection, or any other beneficial objective. It operates under Section 8 of the Companies Act, 2013.

2. Key Features of a Section 8 Company:

• Non-Profit Nature: Profits, if any, are reinvested into the company to further its objectives and not distributed among members.
• Limited Liability: Shareholders' liability is limited to their shares in the company.
• Social Purpose: Focused on activities such as education, charity, art, culture, environmental conservation, etc.
• No Minimum Capital Requirement: Unlike other types of companies, there is no fixed capital requirement for Section 8 Companies.

3. Services Offered:

• Assistance with name reservation and incorporation documents.
• Drafting Memorandum of Association (MOA) and Articles of Association (AOA) tailored to the non-profit objectives.
• Filing incorporation forms with the Registrar of Companies (ROC).
• Support in obtaining PAN, TAN, and GST registration if applicable.
• Compliance assistance for tax exemption under Section 80G and 12A for donor benefits.
• Guidance on maintaining financial and operational transparency for non-profit operations.

4. Benefits of a Section 8 Company in India:

• Tax Exemption: Eligible for various tax exemptions under Sections 12A and 80G.
• Credibility: Adds trust and credibility to your social enterprise.
• Legal Identity: Operates as a separate legal entity, ensuring limited liability for members.
• Eligibility for Grants: Eligible to receive government and international funding for social causes.

5. Documents Required for Section 8 Company Registration:

• Identity and address proof of directors (Aadhar, PAN, passport, etc.).
• Address proof of the registered office (electricity bill, rent agreement).
• Memorandum and Articles of Association specifying the charitable purpose.
• A declaration by the promoters and directors regarding the non-profit nature of the company.
• Financial statements if already in operation.

6. Process to Register a Section 8 Company in India:

1. Obtain Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for directors.
2. Choose a name for the company and submit it for approval through the SPICe+ Form.
3. Prepare and file the MOA and AOA with the ROC, stating the objectives of the company.
4. Submit the application for incorporation with the required documents.
5. Upon approval, receive the Certificate of Incorporation and Corporate Identification Number (CIN).

7. Post-Incorporation Compliance:

• Annual Filing: Submit annual returns and financial statements with the ROC.
• Audit Requirements: Conduct and submit annual audits as per regulations.
• Tax Filing: Ensure compliance with tax regulations, including filing income tax returns and availing exemptions.
• Donor Certificates: Provide donation receipts eligible for tax benefits under Section 80G.

Why Choose Us?
We offer comprehensive support for establishing a Section 8 Company, ensuring a smooth registration process, legal compliance, and guidance on maximizing the social impact of your organization.