Section 8 company is registered as a non-profit organization under the Companies Act, 2013. Section 8 companies are registered when the company has the motive to promote arts, commerce, education, social welfare, or any other income obtained to promote objectives.
Such a company whose aim is not to earn money, but to promote areas like Arts, Charity, Religion, Sports, Environment, Research. So that along with the economic progress of the country, progress can also be made in these areas.
What are the advantages of forming a section 8 company?
It is easily made. Ease of formation.
It has its own separate legal identity. (Separate legal entity)
There is limited liability.
The minimum number of share holders has been fixed at two.
There are tax benefits.
Can also buy property.
Anyone can file a case against a Section 8 company and a Section 8 company can also file a case against anyone.
Documents Required for Section 8 Company Registration
The objects of a producer company in India as defined in the Companies Act 1956, shall relate to all or any of the following:
Proof of Director Identity (Aadhaar Card, PAN Card etc.)
Address Proof of Directors (Passport Driving License, Aadhaar and Bank Statement or Electricity Bill)
Digital Signature Certificate if any
Director Identification Number if any
Memorandum of Association
Articles of Association
Two Ngo Name Required:
When we see your NGO name for registration whether any of these names are already registered.
How many directors are required to form a section 8 company?
A minimum of two directors are required.
Is this an offline process?
NO. Section 8 registration of company can be done online.
Is it necessary for non-profit purpose to register a section 8 company in India?
Yes. It is mandatory to do a not-for-profit purpose of the organization.
Where can I get the Section 8 Application Form?
You can get section 8 application form on Blacktie website.
Is there any maximum limit for the number of members in a Section 8 company?
There is no such maximum limit.