Section 8 Companies is a form of an association whose objective is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives. Section 8 companies do not aim to make profits. Their objectives are purely charitable in nature. They aim to further causes like science, culture, research, sports, religion, etc. They do not require any minimum prescribed capital to get themselves registered. Such companies can function only if they have the Central Government’s license. The Government can revoke this license as well. Apart from individuals and associations of persons, Section 8 also allows firms to be members of these companies. At firststartup, we provide a facility to get Online NGO Registration with complete compliance in 25 days.

Benefits of Section 8 Companies

Documents Needed

• Identity Proof of Directors (i.e. PAN)
• Address Proof
• Address proof of Registered office
• Proof of Nationality for Foreign Nationals
• Latest Electricity bill, telephone bill & Bank statement of Directors
• Passport size photo of Owners
• If property on rent, then rent agreement with NOC from landlord

Requirements for Registration

• License required
• Minimum 2 Directors for Private Limited Company
• Minimum 3 Directors for Public Limited Company
• 1 Director should be resident in India
• DSC & DIN of Directors

Steps to Register

1. Fill our formation form online
2. Filing of SPICe form
3. Apply for unique name approval
4. Determine the number of Directors and apply for DSC & DIN of Directors
5. Papers & Forms submission to ROC along with MOA & AOA
6. Apply for License with the central govt and Company Identification Number
7. COI will get issued by MCA
8. After that receipt of license, PAN, and TAN will get applied

Section 8 Company must comply with various mandatory compliances if not complied can attract several heavy penalties and can lead to cancellation of registration of society. firststartup helps to provide basic accounting work and compliances at a very affordable price range that starts from INR 5000/- per year. At firststartup, we give following compliance and accounting work at a very competitive range:

• Conduct of Board Meeting and General Meetings
• Maintenance of books of accounts
• Audit of books of accounts on annual basis
• Annual Income Tax Filings
• 80G & 12 AA compliances
• Annual Returns