More about Section 8 company incorporation

Reasons to opt for a Section 8 Company

  • Tax benefits that allows you to efficiently carry out the social impact work
  • Offers all the benefits of a limited company.
  • Can merge with another company
  • No minimum capital requirement

Requirements to start a Section 8 company

  • Anyone who is either: A person (including a partnership firm), An association of persons, Any existing company may form a section 8 company.
  • A section 8 company can be formed with any of the following causes: Commerce, Arts, Science, Sports, Education, Research, Social Welfare, Religion, Charity, Protection of environment or any other such object which is like above objects
  • Organization uses profits and other incomes only for promoting one or more of the above causes for which the Section 8 Company was established the above cause.
  • Does not pay a dividend to its members.
  • At Least 2 Directors
  • At Least one Indian director
  • Minimum 2 members

Process Flow

Timeline 10-15 working days
  • Answer a few questions & Submit Required Documents
  • Digital Signature & Director Identification Number
  • MOA, AOA & other legal documents and apply with ROC vide INC-13
  • Get License under Section 8 of new companies (With Charitable Objective) vide INC-12
  • Incorporation filing with ROC
  • Get your company Incorporation Certificate

Required Documents

  • PAN copy of all Indian Directors and members of the Company
    • For Indian Directors and members:
      If the document is in any other language apart from English it should be translated by the registered Translator.
  • Address Proof copy of all the Directors and members of the Company
    • For Indian Directors and members:
      Any of Adhaar copy, Driving license copy, Passport copy, Bank statement, rental agreement
    • For foreign directors and shareholder:
      Any Valid Address proof issued by the home country's Govt., like Driving License, ID card etc.
      This document should be Notarised and apostilled/ Legalised
      If the document is in any other language apart from English it should be translated by the registered Translator
  • A declaration by a professional such as a Chartered Accountant in Form INC 14.
  • A statement which lists the grounds for the application.
  • A statement of projected annual income and expenditure of the company for next 3 years, as well as the sources of income.
  • Proof of address such as electricity bill or phone bill, NOC from the landlord, rent receipts etc.

Key Deliverables

  • DSC of Directors/ members
  • DIN approval letter
  • Name approval letter
  • MoA & AoA
  • License under section 8
  • PAN Acknowledgement
  • TAN Acknowledgement

Why choose Wazzeer?

  • One platform for all your requirements

    Incorporation is just the first step. Wazzeer supports you throughout your journey as an entrepreneur. Log in to get things done efficiently. A dedicated Account Manager offers the required human touch and acts as an advisor to you.

  • Experienced professionals

    Our professionals have at least 5 years of experience and have incorporated thousands of companies among them. The rich experience ensures that the process is smooth and right in the first go.

  • Defined process

    Over the last few years, doing over 500 incorporations, we have defined every step of the process. A virtual process is in place enabling us to deliver hassle free experience for you.

  • Cost Effective

    You pay what you see in the proposal. No surprises or hidden charges.

Frequently Asked Questions

Yes, you can show your own residential or rented home address as the registered office address of the Company. If you taken a place for rent, and the bills are in the owner’s name, a ‘No Objection Certificate’ is required from the owner of the property.
No, the complete process can be carried online. Wazzeer has developed Standard Operating Processes that seamlessly delivers Business Registration 100% online. We might need you sign a few documents and courier the hard copies.
Broadly, the name has three components:
  • Unique component: This is the prime name of your company. It should be unique, not already been trademarked, and should not contain phrases and words that are blacklisted by the RBI. Even if a name meets the these criteria, the RoC might reject the name application on grounds of it being similar to already existing names.
  • Description of business: There should be a word or phrase which follow the Unique Component of the name which describes or indicates the main business of the Company. Some of the popular descriptive words are Technology/ies, Internet of Things, Chemicals, Builders, etc. The words bank, exchange and stock exchange, unless approved by RBI or SEBI, would also be rejected.
  • Suffix: There will be no Suffix for a section 8 company

Things to keep in mind while selecting the unique component of the name:
  • It must be short and simple: The name must be concise and not be too long. People should be able to say it easily and they should be able to recollect your company’s name the first time they read it or hear it
  • It must be meaningful: The name of the company should be related to the business. It must fit the company’s branding.
  • It must be unique: The name of the company mustn’t be the same or identical to an already existing company or a trademark. One must preferably avoid the plural version
The DSC is an instrument issued by certifying authorities (TCS and n-Code are two of them) by which you can sign electronic documents. No person can be appointed as a Director without DIN and having duplicate DIN is an offence. DSC to be PAN encrypted as going forward, all filings relating to Income Tax has to be done by a director who’s DSC is PAN encrypted.
Director Identification Number (DIN) is a mandatory document for all directors (or proposed directors) of a company. It is an 8-digit Unique Identification Number allotted to all directors. This is issued by Central Government and has lifetime validity.
Memorandum of association is a document that regulates a company's external activities and must be drawn up on the formation of a registered or incorporated. As the company's charter, it (together with the company's articles of association) forms the company's constitution.
Article of Association is a document where the articles are the regulations for the management of registered companies that governs the running of the company.
One has to obtain the license under section 8 of new companies with a charitable objective. The person who is desirous to incorporate a company under section 8 is required to file an application in form INC 12 along with the prescribed fees to Regional Director for a license. Only after obtaining this license can we apply for Certificate of incorporation for the Section 8 Company. If the Regional Director feels that the company being incorporated is not a charitable/not for profit organization, (s)he can reject the license and Incorporation won’t be completed.
There must be Minimum of two members for private or minimum seven members for public companies. In a Section 8 Company, there is no concept of members. The ownership of the company is divided among the Members of the company
Dividend is members’ Share of the Profit. By definition, a Section 8 Company is a Charitable organisation/not for profit company. Hence a Section 8 Company cannot distribute dividend to its members.
There must be Minimum of two Directors for private or minimum three Directors for public companies. At least one of the Director should be an Indian Resident

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