INCORPORATION OF
SECTION 8 COMPANY
Section 8 Company means a company incorporated only for the purpose of: • Promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment or any such other object(charitable objects) • Apply its profits, if any, or other income in promoting its objects • Prohibit the payment of any dividend to its members A Non-Profit organization can either be a public or a private company Conditions for forming Section 8 Company:
| S.No | Description | Public | Private |
|---|---|---|---|
| 1 | Directors | 3 | 2 |
| 2 | Resident Director | 1 | 1 |
| 3 | Members/Shareholders | 7 | 2 |
• Directors & Members/Shareholders can be same person. • Director Identification Number [DIN] for all the directors. • Digital Signature Certificates [DSC] for all the directors.
What you will get in
- DIN for all Directors
- Digital Signature for 2 Shareholders & Director
- Company Name Reservation
- PAN Application
- TAN Application
- Drafting of all documents
- Incorporation Certificate
Why
Complianceship
- Client Confidentiality
- Time Bound Delivery
- No Hidden Fees
- MSME Registered
- Free Expert Counseling
- All Business services at one site
Documents Required
For Registration
- Main objects of the Company
- Name of the Company
- One Color photo graph
- Signed copy of PAN card
- Signed copy of the Address Proof (Electricity bill, gas bill, phone bill, water bill)
- Signed copy of Identity card (Voter ID, Passport, Driving License)
- Address proof where the Company is proposed to have its office
- Details of each Subscriber
- Projected annual statement for next 3 yrs
- Details of source of income and object of expenses
Section 8
Frequently Asked Questions
Ans. Yes it is mandatory to have proper registered office for the section 8 company?
Ans. It can be incorporated as a private company or public company, so if it is incorporated as Private company then minimum two directors are required and in case it is incorporated as public company then minimum 3 directors are required.
Ans. Section 8 company is solely incorporated for welfare of society and considered as non-profit organization
Ans. No. dividend cant be declared in case of section 8 company.
Ans. Profit of section 8 company can only be used for promotion of charity work for which it is being registered.
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