Section 8 companies are non-profit organizations established to promote art, science, commerce, religion, charity, education, protection of the environment, social welfare, sports, research or any other advantageous object, i.e., for charitable or not-for-profit purposes. The main aim of these companies is to promote a particular field rather than do business and earn profits. Registration of Section 8 companies requires multiple documents to be submitted, and Takelegal.in is here to make it easier for you.
Once we receive your request to assist you with your company’s registration through the form on this page, Takelegal.in’s representative will contact you directly to understand your business better and run you through the process of registration in greater detail.
Our representative will supply you with a document checklist to enable us to begin your private company’s registration process. Moreover, it is imperative that you are in compliance with the law before you seek registration. With respect to any company, the directors must possess their respective Digital Signature Certificate (DSC) and Director Identification Number (DIN) – in case your directors do not possess the two, Takelegal.in will assist you in the application of DSC-DIN as well.
Once the directors’ DSC and DIN have been assigned, Takelegal.in will help you choose a name that is best for your company as well as in compliance with the naming regulations. Before proceeding, it will be imperative to have a Memorandum of Association (MoA) and Articles of Association (AoA) in place. Takelegal.in’s team is adept at drafting these documents and will help you with the same.
Upon submission of all the forms, documents and fees, the Registrar of Companies will issue a Section 8 license to the company.
After completing the requisite forms, the Registrar of Companies will register the company in the records, and the company will be deemed registered.
Since registration of a Section 8 company requires a number of documents to be submitted, Takelegal.in advises you to submit to us the following documents at the earliest:
Profits of a Section 8 company can only be used to promote charity work, and they cannot be distributed, even in the form of dividends.
Yes. Section 8 Company can be converted into a private limited company after getting approval from the Registrar of Companies.
The minimum number of directors required for a Section 8 company is 2 (two).
No minimum capital is required to start a Section 8 company.
Yes. It is a mandatory requirement for a company to be a non-profit organization to come under the umbrella of Section 8 companies under the Companies Act of 2013.
