All Companies which promote arts, commerce, charity, social welfare, protection of environment, as well as utilize their income/profit for the sole purpose of their Company, are registered under section 8 of Companies Act, 2013. These Companies are nothing but “Not for Profit organizations”. Afleo offers Section 8 Company Registration or NGO Registration under Section 8 of the Companies Act, 2013.
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After solving all your queries regarding the provisions of Section 8 Companies, we will obtain all the necessary information and documents including DSC and DIN from the applicant.
After verifying all the information and objective of the company, we will fill the corresponding form for registration of section 8 company and submit it to ROC for further approval.
After the name is approved, and the license is received, Central government will issue a Certificate of Incorporation.
Afleo.com can easily register a Company under Section 8 within 20-25 working days.
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Company which is registered under Section 8 of The Companies Act, 2013 with an objective of promoting social causes and not making any profit is known as section 8 company or Non-profit Organization.
Main Objective of the Section 8 Company is to work for the society and help it in any manner they can. They aim to protect environment, promote social welfare, education, arts, science, commerce etc.
MOA of section 8 company stands for Memorandum of Association and AOA of section 8 company stands for Article of Association. Memorandum of Association is a document that states the main objective of the company and its ancillary objects. Article of Association is a document registered to define company’s relationship with its members or shareholders and it also defines the duty and responsibilities of its members.
Yes, a firm can be a member of Section 8 Company just like any individual member.
To register as a Section 8 Company, Minimum 2 directors are required.
Central Government after having done all the verification, issues Certificate of Incorporation to Section 8 Company.
Following documents are required for registration of a Section 8 Company: Memorandum of Association (MOA); Articles of Association (AOA); ID proof of members; Address Proof of Company; Digital Signature Certificate (DSC); Director Identification Number (DIN).
We at Afleo offer registration of a Section 8 Company or NGO Registration (under Section 8 of the Companies Act, 2013) at Rs. 26,999/- only.
Company must intend to utilize all the income earned, for achieving the objective of promotion of social welfare and should not intend to distribute it as dividend to its shareholders.
Name of the Company should be simple, unique and meaningful. Also, the name should not be illegal and also it should not contain words “Section 8”, “Limited”, “Private Limited”.
Section 8 Company’s main objective is to serve the society and they do not intend to make profits unlike Private Limited Company. Also, their name does not contain words Limited in it.
Nitiaayog is a Portal that facilitates VOs/NGOs to obtain a system generated Unique ID, as and when signed. This Unique ID is mandatory to apply for grants under various schemes of Ministries/Departments/Governments Bodies.
Yes, NGO’s can be registered as a trust, society or as a Section 8 Company in India. Registering a NGO as a section 8 Company has more benefits namely Brand value, recognition, availing funds, perpetual succession etc. and hence is suggested by us.
The advantages of section 8 company are :
• Tax benefits for donors
• No minimum capital requirements
• No stamp duty payable
• Separate legal entity
• No title required
Yes, there are various exemptions, provisions and relaxation in compliances for Section 8 Company.
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