SECTION – 8 Company Registration
As per the Companies Act, 2013, Section 8 Company refers to a corporation that aims to incentivize arts, sciences, sports, education, environment preservation, social welfare, charity, or other similar objectives.
While to register a Section 8 entity, at least two directors are required. Moreover, there is no compulsion to secure minimum paid-up capital to set up such a company.
The benefits of opening a Section 8 company in India are :
- A 100% tax exemption is available to Section 8 companies registered u/s 12AA of the IT Act.
- Unlike other companies, there is no underlying limitation over section 8 entities pertaining to minimum capital requirements.
- A Section 8 Company is not liable to pay stamp duty for registration.
- A Section 8 company holds its own legal identity just like other registered companies & rejoices autonomous legal standing from its members.
- A Section 8 Entity is more credible in terms of compliance and legal standing
- Section 8 companies have the leverage to choose the name that suits their liking during the registration process.
Benefits such as tax exemption, legal identity, and more, make Section 8 Company Registration one of the ideal forms of company.
Documents required for Section 8 Company Incorporation Process:
- Articles of Association (aka AOA) & Memorandum of Association (MOA)
- Consent by the first director(s) as well as a subscriber(s) (Affidavit not required) under form no. DIR2 and subscriber sheet respectively.
- Proof of office address
- INC-14
- INC-15
- NOC from the owner of the premises and copy of utility bills such as electricity bills, water bills, or gas bills.
- Resident and identity proof of directors.
- DSC of all directors.
- Projected income expenditure.
- Grounds of application.
How to incorporate a Section 8 Company?
- Secure DSC from the MCA-authorized agencies.
- A Spice+ Form will be filed through the MCA portal.
- Mandatory documents and forms will be submitted.
- Mandatory documents will be submitted along with the payment of a fee.
Our role in Company registration :
- Our expert team will assist you with documentation to avoid inaccuracy and ensure a smooth procedure.
- We guarantee to provide complete support and assistance throughout the registration process.
- Our experts will ensure complete procedural actions to prevent rejection of the application or delay application submission.
- We will guarantee to provide you with the most acceptable solution in case of any query to register any company.
Conclusion:
Section 8 company registration online, comes with new challenges such as improper documentation, filling in the wrong information on the registration form, and whatnot.
Consequently, it could be the reason for the rejection of the application and the delay in registration.
However, JR Compliance guarantees to make the process of company registration unchallenging by providing you with proper assistance to register a company. Along with this, we will ensure appropriate follow-ups and convenience for our clients because we don’t believe in selling our services but in providing you with high-standard services, ensuring complete satisfaction.
Contact us immediately for high-standard services and assistance from our experts.
