Section 8 Company (NPO)
The idea of incorporating a non-profit making company in India is not a new term as it has been in the business community since ages. In Companies Act 2013, it is mentioned in the section 8 and this is why it is popularly known as the Section 8 Company. The primary objective of incorporating such company is to encourage science, sports, art, education, research, social welfare, religion and environment protection etc. where profit doesn’t play any vital role.
As far its structure is concerned, it is much alike a trust or society as it is registered under the Central Government’s Ministry of Corporate Affairs. A Section 8 Company enjoys many privileges and exemptions under Company Law.
A Non-profit Organization is a Company which
- Has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object;
- Intends to apply its profits, if any, or other income in promoting its objects; and
- Intends to prohibit the payment of any dividend to its members
We, at Registrationwala, make it easy for our clients to incorporate a Section 8 company by providing all necessary legal and professional support in respect to incorporation and business management. Our highly talented legal professionals are experts in lending you full support to help you realize your business dream.
DIN & DSCDIN & DSC 1 to 2 days.
ReservationReservation of Name 2 to 3 days
ApprovalGet RD approval for License of Section 8 Company 20 to 30 days
SubmissionSubmission of Spice e-form INC-32 along with MOA, AOA and other attachments for incorporation of company.
Uploading formsAfter uploading SPICE e-form, Form 49 A (PAN) and Form 49 B (TAN) will be generated. Affix the DSC(Digital Signature Certificate) on such forms.and upload the same.
CertificateGet Certificate of Incorporation along with PAN & TAN 6 to 10 days.
Why Section 8 Company
Ease of Formation
Separate Legal Entity
Frequently Asked Question
- STAGE-1: DOCUMENTATION
Firstly provide all the required documents mentioned below.
- STAGE-2: DIGITAL SIGNATURE CERTIFICATE (DSC – CLASS – II)
The Second stage is to Apply for DSC. DSC is required for filling the forms of company registration electronically to Ministry of Corporate Affairs. We obtain it from (certifying agencies.).
- STAGE-3: DIN (DIRECTOR IDENTIFICATION NUMBER) The Third stage is to apply for DIN. The Unique Number allotted to the Directors of the company which remains valid for whole life of the director and is required to become director of any company.
- STAGE-4: COMPANY NAME AVAILABILITY
The Fourth stage is to apply Name of the company. Most Crucial aspect of company registration is the name approval of the company.
- STAGE-5: DRAFTING OF MOA & AOA
The Fifth step is start after the name of the company is Approved the Memorandum of Association and Articles of Association of the company is drafted, the last page of the MOA and AOA is referred as subscriber sheet which need to be filled in by the promoters in their own hand.
- STAGE-6: LICENSE UNDER SECTION 8 FOR NEW COMPANIES WITH CHARITABLE OBJECTS
A person or an association of persons desirous of incorporating a company with limited liability under sub-section (1) of section 8 without the addition to its name of the word "Limited", or as the case may be, the words "Private Limited", shall make an application in Form No.INC.12, INC 13, INC 14 & INC 15 along with the prescribed fee, to the Registrar for a license under sub-section (1) of section 8.
- STAGE-7: CERTIFICATE OF INCORPORATION
If after filling the Requisite forms for incorporation with the Registrar of Companies along with fees, ROC is satisfied with the contents of the documents filed, ROC will issue the License in form No. INC.16 (Certificate of Incorporation) under section 8(1) read with rule 19 of Companies (Incorporation) Rules, 2014. Such company registered under section 8 shall enjoy all the privileges and be subject to all the obligations of limited companies.
- Apply for PAN and TAN
- Apply for Sales Tax / Service Tax Registration based on the nature of Business.
- Filing ADT-1 for Appointment of First Auditor of the Company within 1 Month of Incorporation of Company and in case the Board fails to appoint such auditor, it shall inform the members of the company, who shall within ninety days at an Extra Ordinary General Meeting appoint such auditor and such auditor shall hold office till the conclusion of the first Annual General Meeting.
- Filing Income Tax Return of Company on or Before 30th September every year
- To maintain proper Books of Accounts
- Get your account books Audited Every Year.