Updated on September 05, 2024 12:42:17 PM
A section 8 company is categorised as an NGO or Non profit making Organisation whose objective is to work in various social and charitable domains such as health care, education, cultural activities, sports, etc. An NGO is registered as a Section 8 company under the Companies Act 2013 which is governed by the Ministry of Corporate Affairs. Section 8 company registration as an NGO is considered to be the most upgraded form of a Non-profit organisation.
At Professional Utilities, Our Team of experts will help you register your Section 8 company in a seamless manner without you being worried about the documents and registration process. We will take care of all the documents and registration requirements and do the incorporation in the most efficient way due to our years of experience with Company incorporation.
Complete Registration process of Section 8 company can take around 10-15 days of time which is subject to documents processing and verification by the Government.
Section 8 Company Sample Documents
A section 8 company can have different stakeholders like Government organisation, CSR unit of private companies, Donors and others. These companies are set up to provide social welfare services in the society without charging anything. The main objective is not to earn profit or generate business through any transaction.
The main intention of establishing a section 8 company is the promotion of welfare of others in the domains like education, social welfare, innovation, research, charity, sports and religious organisations. You can easily register your Section 8 company as an NGO.
There are multiple benefits for registering an NGO under section 8 of Companies Act, 2013, We are sharing some of the major benefits of a section 8 company as NGO below:
Unlike other types of companies, there is no minimum requirement of incorporating a section 8 company and the capital structure can be changed as per the needs and requirements of the organisation. To manage its day-to-day expenditure and operational needs it can take funding from its members or can take donations from the general public.
A section 8 company need not pay any stamp duty imposed on Memorandum of Association( MOA) while registration.
An organisation registered as a section 8 company works as a separate legal entity from its members and it has perpetual existence which means the entry and exit of its members will not affect the working or operation of the company.
the members or founders of a section 8 company or an NGO enjoys limited liability which means they are responsible for the loss as per their subscription in the organisation. They are not personally responsible for the losses of the company.
Tax exemption is given to the donors who give donations to the organisations registered as a section 8 company as per Section 12A and 80G of the Income Tax Act, 1961.
The minimum eligibility requirements for a section 8 company registration as an NGO which you need to fulfil to get your Section 8 company registered as an NGO are given below.
As per the Companies Act, 2013, the companies need to submit some of the important documents on the MCA portal and the documents will include legit proof of identity and address proof as part of the registration process.
Step 1:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get your incorporation registered in 10-14 days
After successful registration of a section 8 company as an NGO, we will be provided with the following documents from the Professional Utilities Team.
The total fees for section 8 company registration as an NGO starts from ₹ 9,499 including Govt and professional charges and it takes around 7-10 working days to get your NGO incorporated.
Section-8 Company Registration | Registration Fees |
---|---|
✅ Digital Signature Certificate Fee | ₹3,000 |
✅ Government Fees(Stamp Duty) | ₹2,500 |
✅ Professional Fees | ₹3,999 |
✅ Total Cost | ₹9,499 |
Usually, it takes around 10-14 working days to register a section 8 company as an NGO under Companies Act, 2013. The time required is due to the documents being verified and processed by the Ministry of Corporate Affairs( MCA).
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
It is not always necessary to hire a lawyer or a professional to register an NGO, but it can be helpful to have legal guidance throughout the process which you can take from Professional Utilities.
The time taken for Section 8 company registration as an NGO is around 7-10 working days which is subject to document validation by the Ministry of Corporate Affairs at the MCA Portal.
The documents required for NGO registration in India may depend on the type of NGO. Generally, you will need to provide proof of identity, proof of address, and a memorandum of association or articles of incorporation for section 8 company registration as an NGO.
The process of registering an NGO or a section 8 company involves submission of all the necessary documents to the MCA( Ministry of Corporate Affairs) along with the required Govt Fee, you may also hire a professional to take care of the application process for you.
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