Section 8 company incorporation
Take care of your business, while we take care of the paperwork.
More about Section 8 company incorporation
Reasons to opt for a Section 8 Company
- Tax benefits that allows you to efficiently carry out the social impact work
- Offers all the benefits of a limited company.
- Can merge with another company
- No minimum capital requirement
Requirements to start a Section 8 company
- Anyone who is either: A person (including a partnership firm), An association of persons, Any existing company may form a section 8 company.
- A section 8 company can be formed with any of the following causes: Commerce, Arts, Science, Sports, Education, Research, Social Welfare, Religion, Charity, Protection of environment or any other such object which is like above objects
- Organization uses profits and other incomes only for promoting one or more of the above causes for which the Section 8 Company was established the above cause.
- Does not pay a dividend to its members.
- At Least 2 Directors
- At Least one Indian director
- Minimum 2 members
Process Flow
Timeline 10-15 working days- Answer a few questions & Submit Required Documents
- Digital Signature & Director Identification Number
- MOA, AOA & other legal documents and apply with ROC vide INC-13
- Get License under Section 8 of new companies (With Charitable Objective) vide INC-12
- Incorporation filing with ROC
- Get your company Incorporation Certificate
Required Documents
- PAN copy of all Indian Directors and members of the Company
- For Indian Directors and members:
If the document is in any other language apart from English it should be translated by the registered Translator.
- For Indian Directors and members:
- Address Proof copy of all the Directors and members of the Company
- For Indian Directors and members:
Any of Adhaar copy, Driving license copy, Passport copy, Bank statement, rental agreement -
For foreign directors and shareholder:
Any Valid Address proof issued by the home country's Govt., like Driving License, ID card etc.
This document should be Notarised and apostilled/ Legalised
If the document is in any other language apart from English it should be translated by the registered Translator
- For Indian Directors and members:
- A declaration by a professional such as a Chartered Accountant in Form INC 14.
- A statement which lists the grounds for the application.
- A statement of projected annual income and expenditure of the company for next 3 years, as well as the sources of income.
- Proof of address such as electricity bill or phone bill, NOC from the landlord, rent receipts etc.
Key Deliverables
- DSC of Directors/ members
- DIN approval letter
- Name approval letter
- MoA & AoA
- License under section 8
- PAN Acknowledgement
- TAN Acknowledgement
Why choose Wazzeer?
-
One platform for all your requirements
Incorporation is just the first step. Wazzeer supports you throughout your journey as an entrepreneur. Log in to get things done efficiently. A dedicated Account Manager offers the required human touch and acts as an advisor to you.
-
Experienced professionals
Our professionals have at least 5 years of experience and have incorporated thousands of companies among them. The rich experience ensures that the process is smooth and right in the first go.
-
Defined process
Over the last few years, doing over 500 incorporations, we have defined every step of the process. A virtual process is in place enabling us to deliver hassle free experience for you.
-
Cost Effective
You pay what you see in the proposal. No surprises or hidden charges.
Frequently Asked Questions
Can I register my Residential Address as my registered office address
Should the directors be physically present during this process?
What are the rules for picking a name for a Section 8 Company?
- Unique component: This is the prime name of your company. It should be unique, not already been trademarked, and should not contain phrases and words that are blacklisted by the RBI. Even if a name meets the these criteria, the RoC might reject the name application on grounds of it being similar to already existing names.
- Description of business: There should be a word or phrase which follow the Unique Component of the name which describes or indicates the main business of the Company. Some of the popular descriptive words are Technology/ies, Internet of Things, Chemicals, Builders, etc. The words bank, exchange and stock exchange, unless approved by RBI or SEBI, would also be rejected.
- Suffix: There will be no Suffix for a section 8 company
Things to keep in mind while selecting the unique component of the name:
- It must be short and simple: The name must be concise and not be too long. People should be able to say it easily and they should be able to recollect your company’s name the first time they read it or hear it
- It must be meaningful: The name of the company should be related to the business. It must fit the company’s branding.
- It must be unique: The name of the company mustn’t be the same or identical to an already existing company or a trademark. One must preferably avoid the plural version
What is a DSC?
What is DIN?
What are articles of association and memorandum of association?
Article of Association is a document where the articles are the regulations for the management of registered companies that governs the running of the company.