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WHAT IS A NDA?

SECTION 8 COMPANY

₹ 28,000 (+ GST) 

WHAT IS A SECTION 8 COMPANY?

Section 8 Company is a Company that is licensed under Section 8 of

the Companies Act, 2013 (the Act), erstwhile known as the Section 25 Company under the Companies Act, 1956, which had the main object; For promoting research, social welfare, religion, charity, commerce, art, science, sports, education, and the protection of the environment or any such other object, provided that the profits, if any, or the other income is applied for promoting only the objects of the company and Also, No dividend is paid to its members.

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Therefore, Section 8 Company is a company which is registered for charitable or not-for-profit purposes. This Company is, however, similar to a Trust or Society; an exception is that a Section 8 Company is registered under the Central Government’s “Ministry of Corporate Affairs (MCA)”whereas the Societies and Trusts are registered under

the State Government regulations. This, however, has various advantages when it is compared to Trust or Society and it also has higher credibility amongst the donors, Government departments,

and other stakeholders.

MINIMUM REQUIREMENTS BEFORE INCORPORATION

01

There must be Minimum

of two shareholders

04

There is No requirement

of Minimum capital

02

There must be Minimum of two Directors (Directors and shareholders can be the
same person)

05

The Income-tax PAN is a mandatory requirement in case of the Indian nationals

03

At least one of the Director shall be the resident in India

06

Any one of the Identity Proof be it Voter ID/Aadhar Card/Driving License/Passport is required; Passport is, however, a mandatory requirement for
the proof of identity in case

of the foreign nationals;

07

Any one of the Proofs of Residence (Electricity Bill/Telephone Bill/Mobile
Bill/Bank Statement)

08

The Registered Office address proof (that is the rent agreement along with latest
rent receipt and a copy of the latest utility bill in the name of the landlord and a no
objection certificate from the owner of the premises, in case the premises are
rented);

09

In case the premises are owned by either the Director and the Promoters, any of the documents establishing the ownership such as Sale Deed/House Tax receipt etc
along with the no objection certificate.

Documents required for registration:

  • Identity Proof: the Copy of the Permanent Account Number (PAN) of all the Directors/Promoters which is mandatory

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  • Address Proof: A Copy of a valid Passport/Driving Licence/Aadhar/Telephone Bill/Electricity Bill which is not older than 2 months

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  • A Latest passport size photographs of all the Directors/Promoters

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  • A Rent Agreement or a Leave & Licence Agreement, if the registered office premise is taken on rent

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  • The Utility Bills of the proposed registered office

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  • The Consent to act as a Director in Form DIR-2

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  • The Directors Directorship details in other Companies/LLPs, if any

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