+91-876-700-3366 support@popcorninfotech.com
Apply for Section 8 Company

20999/- Onwards

Home >   Services    >   New Business Registration    >Section 8 Company

Apply For Section 8 Company

Our team is happy to solve your query. Fill the form and we will get in touch with you.

Contact Popcorn Infotech
Company Service Expert

Section 8 Company

Contact : 9167675638
coserve@popcorninfotech.com

Mon – Sat 10:00 AM – 7:00 PM

Helpline 24 X 7

8767003366

Section 8 Company Registration

In India, a Non-Profit Organisation can be registered by 3 ways : (1) Trust by executing a Trust deed (under Indian Trusts Act, 1880) ; (2) Society under the Registrar of Societies (under Societies Registration Act, 1860 ); or (3) Non-Profit Company as Section 8 Company (under Companies Act, 2013). A Section 8 Company is the same as Section 25 company under the old Companies Act, 1956. Under the new Companies Act 2013, Section 25 (as per the old Act) has now become Section 8.

Object Of Formation Of Section 8 Company

A Section 8 company can be established for the “promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object”. Moreover,proceeds generated by the entity must solely be used in promoting its object and there is no payment of any dividend to its members.

Procedure For Formation of Section 8 Company Through Popcorn Infotech ?

Benefits Of Formation Of Section 8 Company



(A) Limited Liability

Shareholder enjoys limited liability to the extent of capital invested. In case of any unforeseen liabilities, it would be limited to the company and not impact the shareholders. Shareholder's personal assets protected in the event of the company's insolvency.

(B) Separate Legal Existence

A Section 8 company is a Separate legal entity from its Owners and Management in the eyes of law.It can have a PAN number, bank accounts, licenses, approvals, contracts, assets and liabilities in its unique name.

(C) Corporate Title

Section 8 Companies are not required to add the suffix title “Limited” or “Private Limited” at the end of their name.

(D) Credibility

A Section 8 Company has more credibility as compared to any other Non-profit organization structure like Trust or Society.

(E) Share Capital

There is no minimum share capital requirement in formation of Section 8 Company. In case they are formed without capital, the necessary funds for carrying the business are brought in form of donations, subscriptions from members and general public.

(F) Tax Exemptions / Benefits

Section 8 Companies are given numerous deductions and other tax benefits. One of such exemption is under Section 80G of the Income Tax Act, 1961, whereby donors to Non-Profit Organizations may claim a 50% rebate against donations made.They are also required to pay less stamp duty as compared to other organizations.

Drawbacks Of Formation Of Secion 8 Company



(A) Profits

A Section 8 Company has to ensure that its profits and all other incomes are utilized only for the purpose of promoting its objects and not for any other purpose. Moreover, it should also ensure that its profits are not distributed as dividend among its members.

(B) Alteration of Object

Section 8 Companies cannot alter its objects clause in its Memorandum and Articles without seeking the written approval of Central Government.

(C) Revocation of License

Section 8 Companies license can be revoked easily in case of non-adherence to its object and compliances.

Documents Required For Formation

ADDRESS PROOF FOR COMPANY
FOR DIRECTORS / SHAREHOLDERS

~ Conveyance/ Lease deed/ Rent Agreement
~ NOC from Owner
~ Latest Utility Bill of registered Office

~ PAN Card
~ Identity Proof ( Voter’s ID / Passport / Driving License )
~ Address Proof ( Latest Telephone Bill / Electricity Bill/ Bank Account Statement )
~ Photograph

Packages :

Incorporation

Only Formation

20999

Taxes Applicable

  • 1 Name Approval Application
  • Certificate of Incorporation
  • MOA and AOA Drafting
  • Company Identification Number
  • Digital Signature for 2 Directors
  • DIN for 2 Directors
  • PAN Registration
  • TAN Registration
  • GST Registration
  • MSME Registration
  • ESI Registration
  • EPF Registration
  • PT Registration
    (Only for State of Maharashtra)

  • -

  • -

  • -

  • -
  • -
  • Regular reminders and updates about upcoming Due Dates
  • Phone, Whatsapp & Email Support
  • Stamp duty + Government fees Additional*
BUY NOW
Incorporation + Filing

Formation + GST Filing Package

26999

Taxes Applicable

  • 1 Name Approval Application
  • Certificate of Incorporation
  • MOA and AOA Drafting
  • Company Identification Number
  • Digital Signature for 2 Directors
  • DIN for 2 Directors
  • PAN Registration
  • TAN Registration
  • GST Registration
  • MSME Registration
  • ESI Registration
  • EPF Registration
  • PT Registration
    (Only for State of Maharashtra)
  • GSTR-3B Return Filing
    (12 Returns)
  • GSTR-1 Return Filing
    (4 Returns)
  • Unlimited Sales Invoices in Excel
  • Unlimited Purchase Invoices in Excel
  • GST Payment Support
  • Regular reminders and updates about upcoming Due Dates
  • Phone, Whatsapp & Email Support
  • Stamp duty + Government fees Additional*
BUY NOW