SECTION 8 COMPANY REGISTRATION @15000/- ONLY
WHAT IS INCLUDED IN PACKAGE
Class-3 DSC for Two Promoters
DIN for Two Directors
Unique Name of the Company
Certificate of Incorporation
MOA & AOA
PAN Card Number the of Company
TAN of Company
PF Registration Certificate
ESI Registration Certificate
Current Bank Account Number
REGISTRATION BUSINESS AS SECTION 8 COMPANY
Section 8 company is one 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 objectives and do not pay any dividend to their members.
FEATURES AND BENEFITS OF REGISTRATION OF SECTION 8 COMPANY
Since these companies possess charitable objectives, the Companies Act 2013 has accorded several benefits and exemptions to them.
Section 8 Companies has more credibility as compared to NGOs, societies, and trusts because they are recognized by the Central Government’s license.
3. GOVERNMENT LICENSE:
Such companies can function only if they have obtain license from the Central Government.
4. NO REQUIREMENT OF MINIMUM SHARE CAPITAL:
Section 8 companies, unlike all other companies, do not require a prescribed minimum paid-up share capital.
5. LIMITED LIABILITY:
The Liability of members of Section 8 Company is limited to the extent of unpaid amount on shares held by them. Their liabilities cannot be unlimited in any case.
6.CHARITABLE OBJECTIVES: Section 8 companies do not aim to make profits. Their objectives are purely charitable in nature. They aim to further causes like science, culture, research, sports, religion, etc.
MINIMUM REQUIREMENTS TO REGISTER SECTION 8 COMPANY
1. UNIQUE NAME OF COMPANY:
The proposed name of the company should be unique one and should not be similar or resemble with an existing company or LLP or Registered Trademark or Trademark applied for.
2. CAPITAL REQUIREMENT:
There is no requirement of minimum Paid up capital to register a Section 8 Company. Investment can be made as per requirements of business.
3. MINIMUM TWO OR SEVEN PERSONS:
A Section 8 Company shall be basically Private or Public Copmany, So if it is registered as Private Company then it can be registered by at least 2 persons and if it is registered as Public Company then it can be registered by at least 7 persons.