• Definition: A Section 8 Company is a non-profit aiming to promote charitable activities like education, sports, and more.
  • Vyapar SamadhanAssistance: Vyapar Samadhanoffers end-to-end services for quick and hassle-free Section 8 company registration in India.
• Definition (Detailed): As per Companies Act 2013, Section 8 companies utilize profits for social causes and avoid distributing dividends.
• Overview: Registered for non-profit activities, a Section 8 Company promotes education, social welfare, and more under Companies Act 2013.
• Key Points:
  • NGOs can register under Section 8 or Registrar of Societies.
  • Profits must be used for charitable purposes; strict compliance required.
• Benefits:
  • Tax exemption for 100% of profits used for charitable purposes.
  • No minimum capital requirement offers flexibility.
  • Separate legal entity status enhances credibility.
• Eligibility Criteria:
  • Indian national or HUF can incorporate.
  • At least one director required.
  • Objectives related to social welfare must be primary.
• Legal Requirements:
  • Minimum two directors for private, three for public.
  • No minimum capital required.
  • Objects must align with non-profit goals.
• Documents Required:
  • AOA and MOA.
  • Declaration by first director(s).
  • Proof of office address.
  • Consent of Nominee (INC-3).
• Incorporation Process:
  • Obtain DSC and DIN.
  • Reserve company name.
  • File application for incorporation.
  • Obtain license for Section 8 Company.
  • Obtain Certificate of Incorporation.
• Donations/Funding:
  • Cannot collect capital through deposits.
  • Accepts donations, foreign and domestic.
  • FCRA registration required for foreign contributions.

For professional assistance, connect with Vyapar Samadhanfor Section 8 Company Registration.