A Unit of Truex Business Consultants Pvt Ltd.

NGO WORLDS is a leading network of NGO registration professionals in India

NGO WORLDS proud on its extensive networking and connections throughout the corporate world And senior government functionaries work towards the achievement of easy and simple ways to serve your demands, making every step in the process or procedure smooth and uncomplicated.

Request A Callback
About Section 8 Company

About Section 8 Company

If any company wants to the promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object then it can register itself under section 8 of companies Act 2013. This kind of company is called as Section 8 company. The companies registered under section 8 will be treated as limited companies without the addition to its name limited. Section 8 Company is most popular form of NGO in India. It is easy to register, run or manage.

The income of the Section 8 Company must be used to promote only charitable objects and cannot pay any dividend to the members of the company. The profits earned by a NGO Company (Section 8 Company) are directed towards these purposes, not paid as dividends among its members. However, unlike the Society Registration, the NGO Registration that is Section 8 Company formation is dictated by the Companies Act. Therefore, it is the MCA that is responsible for the formation of this type of company.

ADVANTAGES

ZERO STAMP DUTY

A Section 8 company do not have to pay stamp duty on the AoA and MoA of the private or public limited company which other companies surely pays.

Separate Legal Entity

A Section 8 Company also holds its own identity like other companies structures, and has its own separate legal standing from its member. A Section 8 Company also has a perpetual existence.

Foreign Contribution

A Section 8 Company can take foreign contributions from any country after getting approval of FCRA.

Tax Benefit

Since Section 8 companies are a non-profit organization, so they leverage the exemption from the provision of income tax. They employ many perks under section 80G of the Income Tax Act.

Exempted from any name

In opposes to other companies who are under obligation to use their company’s name as ‘limited company’, section 8 companies get exempted from the use of any title.

CSR Funding

A Section 8 Company is eligible to take CSR Funding.

Content Of MOA Section 8 Company

The following information is mandatory in an MOA:

Name Clause:

Companies formed under Section 8 of the Act who must include one of the following words, as applicable : Foundation/ Forum/ Association/ Federation/ Chambers/ Confederation/ Council/ Electoral Trust, etc.

Registered Office Clause

It must specify the State in which the registered office of the company will be situated.

Object Clause

It must specify the objects for which the company is being incorporated. Further, if a company changes its activities which are not reflected in its name, then it can change its name within six months of changing its activities. The company must comply with all name-change provisions.

Liability Clause

Capital Clause

This is valid only for companies having share capital. These companies must specify the amount of Authorized capital divided into shares of fixed amounts. Further, it must state the names of each member and the number of shares against their names.

Association Clause

The MOA must clearly specify the desire of the subscriber to form a company. This is the last clause.

uploads/mainpage//What-are-Section-8-Companies.jpg
Details Required For Registration

Details Required For Registration

Required Documents for Section 8 Company Registration

For Directors/Shareholders

  • Copy of PAN Card
  • Identity Proof (Voter Card, Passport, Driving Licence)
  • Address Proof (Bank Statement, Mobile bill, Telephone bill, Electricity Bill)
  • Passport Size Photo

For Registered Office

  • Ownership Proof (Electricity Bill, Gas bill, Electricity Bill, Mobile Bill)
  • NOC

PROCESS

Step-1 : Name Approval Of Company

As the application for Company Incorporation is filed online, the process starts with the issuance of Digital Signatures of class two.

Step-2 : Digital Signature Of Director

As the application for Company Incorporation is filed online, the process starts with the issuance of Digital Signatures of class two

Step-3 : License For Section 8 Company

A licence(form INC 12,13,15) for sec 8 company in India must be obtained before the incorporation of the company. NGO Worlds can help you in getting the licence with no hassle.

Step-4 : Incorporation, PAN AND TAN

An application is made to the ROC office for incorporation of section 8 company, and allotment of PAN and TAN.

What Our Clients Say

Our mission is to provide one-click access to individuals and businesses for all their legal & professional needs. Our vision and mission is to help those who help others for the development of INDIA.

Our Stories & Latest News

We at NGO WORLDS Working an extensive Network and connections in the corporate world

blog-post-image
Pradhan Mantri Garib Kalyan Yojana

Our Prime Minister announced the Pradhan Mantri Garib Kalyan Yojana, which had the value of 2.76 lakh crores under which there were provisions for free cooking gas for 80 million families for months, 800 million people to get free food grain, and the poor and the needy.

By Seema Aggarwal - 2021-2022

Key Highlights of 39th GST Council Meeting
Key Highlights of 39th GST Council Meeting

39th GST Council meeting was held on 14 March 2020, Saturday. The meeting was chaired by Hon’ble Union Finance Minister Nirmala Sitharaman and was conducted in Vigyan Bhawan, New Delhi.

By Shubham Chauhan - 14 March 2020

blog-post-image
The Ministry of Finance, Nirmala Sitharaman parsented Union Budget

The Prime Minister headed Government has made its resources available for the most deprived sections of our society which includes the poorest of the poor, the Dalits, Tribals, the elderly, the migrant workers, and our children.

By Kandarp Vanita - 2021-2022