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Section 8 company
A Section 8 Company is a type of nonprofit organization in India, established under Section 8 of the Companies Act, 2013. It is a legal structure primarily formed for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any other charitable purpose. Unlike other companies, the profits generated by a Section 8 Company are applied to promoting its objectives, and the organization is prohibited from distributing dividends to its members.
Documents required
- 4 Unique names
- Business Description
- Pan card of directors
- Aadhar card of Directors
- Business Address proof (Electricity Bill + Rent agreement + NOC)
- Proof of Address for directors (Electricity bill / bank statement / Prepaid mobile bill)
- Proof of Identity for directors (Driving licence / Voter ID / Passport)
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Pricing Summary:
Market Price
₹14999
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A Section 8 Company is a type of nonprofit organization in India, established under Section 8 of the Companies Act, 2013. It is a legal structure primarily formed for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any other charitable purpose. Unlike other companies, the profits generated by a Section 8 Company are applied to promoting its objectives, and the organization is prohibited from distributing dividends to its members.
FAQs
Who can apply for registration of section 8 company?
Any person intending to provide services in the field of promotion of social welfare, education, art, sports, research, religion, charity, protection of environment or any other such social and charitable object can apply for Section 8 company.
Is it necessary for section 8 company to have share capital?
No – A section 8 company can be registered as limited by guarantee. So it is not compulsory for section 8 company to have share capital. It can be registered with or without share capital.
What are the name options available for section 8 company.
Then name of section 8 co shall include the words like Foundation, Forum, Association, Federation, Chambers, Confederation, Council, Electoral trust
Can section 8 companies receive contributions from overseas or non- residents.
There are special requirements to be complied with under the foreign contribution and regulation Act, 2010 before a section 8 company can receive any contributions or donations from overseas / outside India from non-residents.
Can section 8 companies suffix Private Limited with the name of the company?
No, the section 8 companies cannot add Private limited word after their name.