Section 8 Company
₹14,309.00 – ₹31,232.00
Incorporation of Section 8 Company including GST and Current account opening.
About this item
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Offers and discounts
| Accounting Software 1 Year, Unlimited Users LEDGERS License |
| GST Invoice Save 18% by Availing GST Credit on Purchases |
Description
Section 8 Company Registration
Check out details with the procedure for registration of section 8 with companies Act, 2013
The primary purpose of registering a company as a Section 8 Company is to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare, sports research, etc.
To incorporate a Section 8 Company, a minimum of two directors are required. Also, there is no requirement of minimum paid-up capital in the case of Section 8 Company.
In India, a non-profit organization can be registered under the Registrar of societies or as a Non-profit company under the Section 8 Company of the Company Act,2013.
The profits of this company, if there are any, are applied towards promoting the objectives of the company and not distributed as dividends to its shareholders.
A Section 8 Company is the same as the Section 25 Company under the old Companies Act, 1956. As per the new Companies Act of 2013, Section 25 has now become Section 8.
Features and Advantages of Various Business Entities
| Features | Proprietorship | Partnership | LLP | Company |
|---|---|---|---|---|
| Definition | Unregistered type of business entity managed by one single person | A formal agreement between two or more parties to manage and operate a business | A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. | Registered type of entity with limited liability to the owners and shareholders |
| Ownership | For One Person Company | |||
| Registration Time | 7-9 working days | |||
| Promoter Liability | Unlimited Liability | Limited Liability | ||
| Documentation | ||||
| Governance | – | Under Partnership Act | Under Companies Act 2013 | |
| Transferability | Non Transferable | Transferable if registered under ROF | Transferable | |
| Compliance Requirements | Know More | |||
Documents Required For Section 8 Company
- Recent Utility Bill
Business Place - Aadhaar Card
Aadhaar is mandatory for Indian Directors.
Additional information
| Price | Basic, Standard, Premium |
|---|
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