A Section 8 Company is a non-profit organization established for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment, or any such other object. At Asktrix, we provide comprehensive Section 8 company registration services with expert guidance throughout the entire process.
A Section 8 Company is a company registered under Section 8 of the Companies Act, 2013, with the primary objective of promoting charitable activities rather than earning profits. These companies are ideal for NGOs, charitable trusts, educational institutions, and other non-profit organizations that want to operate with limited liability protection.
The following documents are essential for Section 8 company registration:
To register a Section 8 company, the following criteria must be met:
Our streamlined process ensures quick and hassle-free Section 8 company registration:
Obtain DSC for all directors to enable online document signing and filing.
Apply for DIN for all directors through Form DIR-3.
Submit company name for approval through RUN (Reserve Unique Name) service.
Prepare Memorandum of Association and Articles of Association with charitable objectives.
Submit SPICe+ form with all required documents and information.
Receive Certificate of Incorporation and commence charitable activities.
Apply for Permanent Account Number (PAN) and Tax Deduction Account Number (TAN).
Apply for tax exemptions under Section 12A and 80G of Income Tax Act.
Section 8 companies must comply with various regulations under the Companies Act, 2013:
Post-registration, Section 8 companies must fulfill various compliance obligations:
Find answers to common questions about Section 8 company registration in India.
A Section 8 Company is established for promoting charitable activities such as commerce, art, science, sports, education, research, social welfare, religion, charity, or environmental protection, without any profit motive.
No, Section 8 Companies cannot distribute profits to members. All profits must be used for promoting the company's charitable objectives and cannot be distributed as dividends.
A Section 8 Company requires a minimum of 2 directors and can have a maximum of 15 directors. At least one director must be a resident of India.
No, there is no minimum capital requirement for Section 8 Companies. They can be incorporated with any amount of capital as per their requirements.
Section 8 Companies are eligible for tax exemptions under Section 12A and 80G of the Income Tax Act, subject to fulfillment of certain conditions and compliance requirements.
Yes, foreign nationals can be directors in Section 8 Companies. However, at least one director must be a resident of India.
With Asktrix, Section 8 company registration typically takes 10-20 working days, depending on document verification and government processing time.
Required documents include identity proof, address proof, DIN, DSC, MOA, AOA, and board resolution. All documents must be properly attested and verified.
Yes, Section 8 Companies can receive foreign funding, but they must comply with Foreign Contribution Regulation Act (FCRA) requirements and obtain necessary approvals.
Section 8 Companies must conduct AGMs, file annual returns, maintain statutory registers, conduct audits, and ensure all activities align with charitable objectives.
Yes, Section 8 Companies can change their objectives, but it requires approval from the Registrar of Companies and must still maintain charitable nature.
Any profits made by Section 8 Companies must be used for promoting their charitable objectives and cannot be distributed to members or shareholders.
Yes, Section 8 Companies must conduct annual statutory audit of their financial statements and file audited accounts with the Registrar of Companies.
Section 8 Companies can engage in commercial activities only if the profits are used for charitable purposes and the activities align with their charitable objectives.
Section 8 Companies are incorporated under Companies Act with limited liability, while Trusts are governed by Indian Trusts Act. Section 8 Companies offer better governance structure and limited liability protection.
Starting your Section 8 Company with Asktrix provides not only legal registration but also ongoing support for compliance and growth. Explore a smooth path to charitable success and secure your organization's future with Asktrix's professional guidance and support. For new clients tax saving guidance will come at free of cost. For more details fill the form and get the benefits