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Register Section 8 company for promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment
Name should include foundation, forum, association, federation, chambers, confederation, council, electoral trust
Section 8 Company:
Any person or an association of persons intending to register a limited liability company for objects specified below can opt to apply for registration of Section 8 Company.
The following have to be proved to the satisfaction of the Central Government that:
(a) its objects include promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object
(b) the company after incorporation intends to apply its profits, if any, or other income in promoting such objects only and
(c) the company intends to prohibit the payment of any dividend to its members
Advantage & Benefits of Private Limited Company
No Minimum Capital Requirement
Section 8 company can be registered without minimum prescribed capital.
Stamp Duty waived
Stamp duty as required to be paid for registration is waived for section 8 company
Tax Exemption
Income tax is exemption can be availed for section 8 company subject fulfilment of eligibility criteria.
Tax exemption for donors
Donors can avail tax exemption on donation to section 8 company.
Separate legal entity
Section 8 company is an artificial judicial person distinct from its promoters.
Perpetual succession
It means that section 8 company remains in existence even in case of death of all members as the ownership of shares are inherited by legal heirs.
Transparency
Section 8 company are subjected to strict compliance. Information is easily available in public domain particularly on Ministry of Corporate Affairs website make it transparent for stakeholders.
Reliable, reputation, brand value
Due to strict compliance, transparency& information in public domain, section 8 company place reputation, brand value & reliability in the eyes of stakeholders in comparison to trust or society.
Compare Options
| Basis | Private Limited Company | Limited Liability Partnership | One Person Company | Partnership Firm | Sole Proprietorship |
|---|---|---|---|---|---|
| Suitable For | Start-ups | Professional firms | Individual promoters | Family businesses | Small Businesses |
| Investors | Attractive | Less Attractive | Not preferable | Unlikely | No way |
| Limited Liability | Yes | Yes | Yes | No | No |
| Taxation Benefits | Certain benefits | Efficient | benefits | Lowest | Lowest |
| Constant Existence | Yes | Yes | Yes | No | No |
| Compliance Applicability | High | Low | High | Minimal | Minimal |
Process to register Section 8 company
Select a Service
Documentation
Make Payment
Service completed
STEP 1: Select a Service
STEP 2: Upload Documents
STEP 3: Make Payment
STEP 4: Service completed
Package & Pricing
Private Limited Company
₹6000
- COI
- MOA & AOA
- PAN & TAN
- DSC – 2
- DIN – 2
- SHARE CERTIFICATES
- FIRST BOARD RESOLUTION
- GSTIN
GST , MSME & TM
₹10,000
- GSTIN
- GST Invoice Format
- GST e-way bill Registration
- Free GST Consultancy
- MSME Registration
- Trademark
- IEC
- DSC
Startup Annual Compliance
₹25,000
- Financial Statement
- Audit Report
- ITR
- GST Return
- ROC Annual Return
- Consultancy
- ITR for 2 Promoters
- *Package subject to Turnover
ITR for small business
₹6000
- Financial Statement
- ITR
- Consultancy
- Refund Tracking Status
- House Property Income Covered
- Capita Gain Income Covered
- Interest Income Covered
- *Package subject to Turnover
