Section 8 company registration

An NGO or Non-Governmental Organization is a non-profit or not for profit motive organization which aims to work towards the upgrading of the deprived sections of society. NGO's could have a wide diversity of interests of society in mind. This could include Environmental conditions, education, promoting the health and welfare of children, etc. NGO registration online in India, there are 3 ways to set up : SECTION 8 COMPANY REGISTRATION A Section 8 company incorporates the purpose of Social welfare. It is the same as the NGO Registration. The organisation established to promote science, art, commerce, charity, religion, or any other relevant cause to the progress of society. After registration under NGO it is beneficial to take Niti Aayog registration, its a government portal that invites all the Voluntary Organizations (VOs)/ Non-Governmental Organizations (NGOs) to Sign Up on the Portal. The NGO DARPAN was previously managed by Planning Commission, which has been replaced by the NITI Aayog from 1st January 2015. The Portal, hence, is being directed at present under the aegis of NITI Aayog. The " Niti Aayog registration online"s facilitates VOs/NGOs to get a system created Unique ID, as and when signed. Along with details like registration number of the organization, PAN of the organization, PAN and Aadhar details of the office trustees, etc. By getting this registration certificate your NGO will be considered for centralised NGO list maintained by the government. Section ...

Section 8 Company Registration: Overview At present, Non-Governmental Organizations or Non-Profit organizations are playing a crucial role in the country's development. They have made a significant impact during the pandemic out of their servitude and flexible approach towards fulfilling their social objectives. However, business organizations are generally considered to be running businesses with the sole purpose of earning higher profits. But, there are certain business entities, which are incorporated with the sole purpose of serving society and are commonly known as Non-Profit Organizations or Section 8 Companies. Pre-requisites for Registering a Section 8 company- • A section 8 company must be either registered as a “limited" company which may be either a public company or a private company depending upon the number of proposed directors (at least three in case of a public company and at least two in case of a private company) and members (at least seven in case of public company and at least two in case of private company) and will be exempted from the use of word “Private Ltd or Ltd” and instead uses “Foundation, Parishad, Forum etc. • A section 8 company is compulsorily required to obtain a license from the Central Government at least before 180 days from the commencement of business operations, which allows them to delete names Public/Private Ltd from their words and makes them eligible to avail government grants and tax benefits. • Section 8 companies are prohibi...

REGISTRATION OF SECTION 8 COMPANY A BRIEF INTRODUCTION ABOUT SECTION 8 COMPANIES: In India there are three formats for registration of Non-Profits Organizations, those are mentioned here under: -Section 8 Companies; -Societies; -Trust. Out of the above mentioned three formats, Section 8 Companies are most reliable, credible and popular format of registration of Non-Profits Organizations in India. Section 8 company is company- • whose objectives is to promote arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection or other similar objectives. • These companies apply their profits towards the furtherance of their objects and • These companies do not pay any dividend to their members. These Companies are required to obtain License from the Central Government and the Central Government may issue license on such conditions as it deems fit and allow that person or association of persons to be registered as a limited company under this section These companies are not required to add with its name the word “Limited”, or “Private Limited” ADVANTAGE OF REGISTRATION OF SECTION 8 COMPANY: (A) SEPARATE LEGAL ENTITY: Section 8 Companies have a separate legal entity and is different from its members. The Section 8 Company has perpetual existence. (B) NO MINIMUM CAPITAL REQUIREMENTS: No minimum capital requirements has been specified for Section 8 companies in the (C) NO REQUIREMENT TO ADD LIMITED OR PRIVATE LIMITED WORD WITH ITS NAM...

Section 8 companies have many benefits when compared to a private limited company. Learn all the benefits, documents required and eligibility of Section 8 company registration. Most of us are familiar with firms such as private limited companies, LLP, and public limited. These are actual businesses that render a service or produce any product in the market. On the contrary, Section 8 companies are incorporated for the welfare of society in multiple sectors. Reliance Research Institute, Reliance Foundation, TATA Foundation, and Infosys Foundation, are some of the famous Section 8 companies in India. These Section 8 companies drastically differ from other business firms. Some of the major benefits of a Section 8 company are discussed in this article. Benefits of Section 8 Company 1) Tax Exemption As most the Section 8 companies focus on benefiting the societal betterment they are provided with many tax exemptions. The tax exemption is not just limited to the company but also applies to the contributors who are participating in Section 8 companies, they can contend the tax exemption against the contribution they made to a Section 8 company. 2) No Minimum Capital Requirement and Stamp Duty Another major advantage of a Section 8 company is it doesn’t require any form of minimum capital. There is no predetermined capital limit over Section 8 companies. Whereas other companies like public limited should report a minimum capital requirement. The equity structure of the Section 8 c...

"They helped me getting my company registered "Chefkart Hospitality Pvt. Ltd." Overall i found company360 to be extremely helpful and professional. They explained me the process clearly and advised me to open a pvt ltd. after understanding the nature of our work. The way everything was handled was completely flawless and everything was done in a week's time. This company is ideal for people who are starting up. Will definitely recommend them to everyone." Arpit Gupta Requirements for section 8 company registration • Minimum of 2 Shareholder and 2 Director are required for a Pvt. Ltd. Company as a Section 8 Company, where director and shareholder can be same Or Minimum 7 shareholders & 3 directors are required for Public limited Section 8 company registration. • Maximum limit on number of shareholder prescribed in Section 8 Pvt. Ltd Company is 200. • Maximum number of Director in a private limited section 8 structure can be raised to 15 without any special resolution. • Name for Section 8 Company is opted without any suffix unlike a private limited or public limited company. Benefits of section 8 company registration • Section 8 Company Registration is comparatively more trustworthy than any other form of Non- profit organization like Trust or Society. • It is easy to secure donations in a Section 8 Company and pass the tax benefits to donors by providing them 80G form. • A Section 8 Company is easy to convert in a Public Limited company or Private limited company at any st...

An NGO or Non-Governmental Organization is a non-profit or not for profit motive organization which aims to work towards the upgrading of the deprived sections of society. NGO's could have a wide diversity of interests of society in mind. This could include Environmental conditions, education, promoting the health and welfare of children, etc. NGO registration online in India, there are 3 ways to set up : SECTION 8 COMPANY REGISTRATION A Section 8 company incorporates the purpose of Social welfare. It is the same as the NGO Registration. The organisation established to promote science, art, commerce, charity, religion, or any other relevant cause to the progress of society. After registration under NGO it is beneficial to take Niti Aayog registration, its a government portal that invites all the Voluntary Organizations (VOs)/ Non-Governmental Organizations (NGOs) to Sign Up on the Portal. The NGO DARPAN was previously managed by Planning Commission, which has been replaced by the NITI Aayog from 1st January 2015. The Portal, hence, is being directed at present under the aegis of NITI Aayog. The " Niti Aayog registration online"s facilitates VOs/NGOs to get a system created Unique ID, as and when signed. Along with details like registration number of the organization, PAN of the organization, PAN and Aadhar details of the office trustees, etc. By getting this registration certificate your NGO will be considered for centralised NGO list maintained by the government. Section ...

Section 8 company registration can be obtained under the provisions of the Companies Act, 2013. The main aims of Section 8 companies are of promoting arts, commerce, etc. Section 8 company registration as it gives numerous benefits like taxation benefits, no stamp duty for section 8 company registration, and provides more credibility. What is Section 8 Company Registration in India? An NGO can be registered as a Section 8 company under the Companies Act 2013 or as a trust under the Trust Act 1882 or as a society under the Societies Act 1860.Section 8 Company Registration is the process of incorporation of an NGO under the Companies Act 2013. A section 8 Company can be registered for promoting Art, Science, Commerce, Technology, Sports, Education, Social Research, Social Welfare, Religion, Charity and Protection of Environment etc. A Section 8 Company can work anywhere in India after successful completion of the registration process. Documents for Section 8 Company Registration Following documents are required for Section 8 Company registration: • PAN Card of the Directors and Shareholders • Aadhaar Card • Latest Bank Statement • Telephone Bill or Electricity Bill • Voter ID or Passport or Driving license • Passport size photograph of all the directors and shareholders • Copy of the Rental agreement, in case the property is on rent for the registered office Benefits of Section 8 Company Registration There are certain advantages of registering an NGO or NPO under Section 8 o...

REGISTRATION OF SECTION 8 COMPANY A BRIEF INTRODUCTION ABOUT SECTION 8 COMPANIES: In India there are three formats for registration of Non-Profits Organizations, those are mentioned here under: -Section 8 Companies; -Societies; -Trust. Out of the above mentioned three formats, Section 8 Companies are most reliable, credible and popular format of registration of Non-Profits Organizations in India. Section 8 company is company- • whose objectives is to promote arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection or other similar objectives. • These companies apply their profits towards the furtherance of their objects and • These companies do not pay any dividend to their members. These Companies are required to obtain License from the Central Government and the Central Government may issue license on such conditions as it deems fit and allow that person or association of persons to be registered as a limited company under this section These companies are not required to add with its name the word “Limited”, or “Private Limited” ADVANTAGE OF REGISTRATION OF SECTION 8 COMPANY: (A) SEPARATE LEGAL ENTITY: Section 8 Companies have a separate legal entity and is different from its members. The Section 8 Company has perpetual existence. (B) NO MINIMUM CAPITAL REQUIREMENTS: No minimum capital requirements has been specified for Section 8 companies in the (C) NO REQUIREMENT TO ADD LIMITED OR PRIVATE LIMITED WORD WITH ITS NAM...

Section 8 companies have many benefits when compared to a private limited company. Learn all the benefits, documents required and eligibility of Section 8 company registration. Most of us are familiar with firms such as private limited companies, LLP, and public limited. These are actual businesses that render a service or produce any product in the market. On the contrary, Section 8 companies are incorporated for the welfare of society in multiple sectors. Reliance Research Institute, Reliance Foundation, TATA Foundation, and Infosys Foundation, are some of the famous Section 8 companies in India. These Section 8 companies drastically differ from other business firms. Some of the major benefits of a Section 8 company are discussed in this article. Benefits of Section 8 Company 1) Tax Exemption As most the Section 8 companies focus on benefiting the societal betterment they are provided with many tax exemptions. The tax exemption is not just limited to the company but also applies to the contributors who are participating in Section 8 companies, they can contend the tax exemption against the contribution they made to a Section 8 company. 2) No Minimum Capital Requirement and Stamp Duty Another major advantage of a Section 8 company is it doesn’t require any form of minimum capital. There is no predetermined capital limit over Section 8 companies. Whereas other companies like public limited should report a minimum capital requirement. The equity structure of the Section 8 c...

Section 8 Company Registration: Overview At present, Non-Governmental Organizations or Non-Profit organizations are playing a crucial role in the country's development. They have made a significant impact during the pandemic out of their servitude and flexible approach towards fulfilling their social objectives. However, business organizations are generally considered to be running businesses with the sole purpose of earning higher profits. But, there are certain business entities, which are incorporated with the sole purpose of serving society and are commonly known as Non-Profit Organizations or Section 8 Companies. Pre-requisites for Registering a Section 8 company- • A section 8 company must be either registered as a “limited" company which may be either a public company or a private company depending upon the number of proposed directors (at least three in case of a public company and at least two in case of a private company) and members (at least seven in case of public company and at least two in case of private company) and will be exempted from the use of word “Private Ltd or Ltd” and instead uses “Foundation, Parishad, Forum etc. • A section 8 company is compulsorily required to obtain a license from the Central Government at least before 180 days from the commencement of business operations, which allows them to delete names Public/Private Ltd from their words and makes them eligible to avail government grants and tax benefits. • Section 8 companies are prohibi...