All about Section 8 Company Registration

To begin with, let us understand the main concept of a Section 8 Company Registration or NGO Registration.

There are several types of Company Structures in India. Some of them are Private Limited, Public Limited, LLP, Sole Proprietorship, etc. However, all these companies have different legal regulations and implications. A company that is working towards the upliftment or welfare of the society without any profit motive is considered as a Section 8 Company. Thus, a Private Limited Company or a Public Limited Company working towards the above-mentioned objective without any intention of driving profits or dividends can be considered as a Section 8 Company.

Note: A One person company cannot function as a Section 8 Company under any circumstances.

What do you mean by Section 8 Company Registration?

Section 8 Company is a legal structure or form of a Non-Profit Organization/Non-Governmental Organization. It is important to note that unlike Trust or Society Registration, a Section 8 NGO Registration Online has the authority to work anywhere within the country.

A Section 8 Company is registered under the Companies’ Act as Limited Companies without the word “limited” placed at the end of their name (unlike any other Limited Company). Their legal structure can be considered as a private limited or public limited companies.

Basic Objective of Section 8 Company Registration

The primare objective of a Section 8 Company Registration Online is that it intends to apply all its profits, income, or other earnings, in promoting commerce, art, science, education, research, sports, charity, social welfare, religion, protection of the environment, or any other object.

The Section 8 Company can earn income or profits but the directors or promoters are not eligible to enjoy those earnings or profits. The only agenda behind the process of Section 8 Company registration online is that all the income must be utilized in promoting the above mentioned objectives.

Benefits of Section 8 Company Registration

Comprising a Non-profit Organization does not indicate that the Company cannot secure a profit or commission. It only implies that the Company can earn income, but the promoters are not to benefit from those profits.

Numerous Tax benefits and exemptions are also there for Section 8 company registration online. Even the donors providing towards Section 8 Company have the option to claim the Tax Exemption against these donations.

Read more: Advantages of Section 8 NGO Registration

Eligibility for Section 8 Company Registration or NGO Registration

A person or a group of persons are eligible for Section 8 Company Registration Online if the objective of their work is in line with that of the objectives mentioned by the Central Government. The objectives of NGO registration must adhere to the below-mentioned rules and norms established by the government:

• To promote science, commerce, education, art, sports, research, religion, charity, social welfare, protection of the environment, or alike other objectives, a section 8 NGO can be incorporated.;

• The income or profits generated (if any) after the registration of a Section 8 NGO must be used in the promotion of the objective mentioned in the above point only. 

• There must be NO profit-sharing or dividend distribution among its members.

Documents Required for Section 8 Company Registration Online

Here is the list of documents required for the Section 8 Company registration process online:

• PAN Card or Passport (Foreign Nationals & NRIs)
• Copy of Aadhaar Card
• Passport-sized photograph
• Voter’s ID/Passport/Driver’s License
• Latest bank statement (2 months)/ telephone or mobile bill/ electricity or gas bill
• Notarized Rent Agreement in English
• No-objection certificate (NOC) from the property owner
• Sale Deed/Property Deed in English in case of owned property

Note: For a Section 8 NGO registration online process, there is no need of having a physical presence for the incorporation as it is a 100 % online process, and all the required documents and e-forms are directly filed on the MCA Portal.

So, you just need to send us the scanned copies of the above-mentioned documents. We will draft the necessary forms and upload them on the MCA portal. Hence, no physical presence is required at all. Sit back and relax. We will have your Section 8 NGO registration within 7 working days.

Read More: Detailed list of documents required for Section 8 NGO Registration

It is important to note that, after the incorporation of Section 8 NGO, some mandatory Legal Compliances need to be completed within a time frame provided by the Government of India so as to ensure the smooth functioning of your NGO. Read about all the important Annual Tax Compliances for Section 8 Company. We at Vakilgiri will help you out maintaining such formalities.

We at Vakilgiri offer quick Section 8 Company Registration Service in India with five simple steps:

1. First and foremost, we will apply for your Digital Signature Certificate and Director Identification Number.
2. Choosing a Unique Name for your Company.
3. Compiling Forms, Documents, AOA & MOA of your Company.
4. Filing e-forms with MCA.
5. Allotment of COI, PAN, and TAN

After this, you can open a current bank account with the Certificate of Incorporation and begin your business operations.

We at VakilGiri also have different packages according to customer needs as gold, platinum, and diamond.

VakilGiri is a leading business consultancy firm that also helps NGO registration process online under section 8 company. The team of Vakilgiri, consisting of Business Experts, IT Developers & Digital Marketers, works as a whole, strives to provide all legal as well as IT/ Technical Consultancy under the same roof.

Get NGO Darpan Registration at just Rs. 1199/- within 2 working Days