What is Section 8 Company?

Section 8 Company or Section 25 Company is a company registered under the Companies Act, 2013/1956 for charitable or not-for-profit purposes, which has its objective of promotion of arts, commerce, charity, education, protection of environment, science, social welfare, sports, research, religion and intends to apply its profits, if any, or other income in promoting its objectives and cannot pay dividend to its members. It functions exactly like a limited company including all the rights and obligations that come with such a company.
However, it differs from a company in one very crucial aspect, i.e. it cannot use the words “Section 8” or “Limited” in its name.

A Section 8 Company is similar to a Trust or Society; except Trusts and Societies are registered under State Government regulations and section 8 Company is registered under the Companies Act, 2013 by Ministry of Corporate Affairs.

A section 8 company has various advantages when compared to Trust or Society like improved recognition and better credibility amongst donors, Government departments and other stakeholders.

  Self Attested copy of PAN for Indian Nationals and Notarised Passport for Foreign Nationals.

  Self Attested copy of Identity Proof of all the Directors and Shareholders- Voter Id/ Driving License/ Passport/ Aadhar Card/
   Bank Statement / Electricity Bill (Any One.)

  Self Attested copy of Additional Identity Proof of all the Directors and Shareholders - Bank Statement / Electricity Bill/
   Telephone Bill/ Gas connection Bill (Any One).

  Municipal Registered Deed/ House Tax Paid Receipt of the Registered Office (if owned) Rent Agreement & NOC is also
  required in case property is not owned.

  Additional Proof of the Registered Office- Electricity Bill/ Telephone Bill/ Mobile Bill (Any One.)

  Bank Statement/ First Page of Pass Book/ Printed Cancelled Cheque is required for Bank Account proof which must contain
   Account No & IFSC Code (For GST Registration).

  Required Business Name.

  Hard Copy of Digital Signature Application Form signed Individually by all the Directors/ Subscribers.

We at Compliance Advisor are providing registration and Compliances services in India, offering registrations of Limited Liability Partnerships (“LLPs”), Partnerships, Private Limited Company, Public Limited Company, one person company (“OPCs”), Nidhi Company, Section 8 Company, Producer Company and Indian Subsidiary of a Foreign entity. Average 10-15 working days required to complete a Incorporation, subject to submission of complete documents by the client and the government processing time. For any query related to Incorporations and business formation in India, get free advice by scheduling an appointment with a Compliance Advisor.