Updated on March 06, 2025 01:20:11 PM
A Section 8 Company is registered under the Companies Act of 2013 and whose primary objectives include dealing with affirmative social welfare, education, charity, situations such as environment protection, research and development, and anything philanthropic. Section 8 companies do not distribute profits in the same manner as ordinary companies since the profits have to be invested to serve the companies' objectives.
Thus, the union territory of Daman and Diu, India is conducive to the establishment of businesses as well as NGOs to bring social change. The Section 8 Company in Daman and Diu helps organizations gain legal status, credibility, and exemption from Income Tax under the Indian Income Tax Act making Section 8 Company registration a popular choice for charitable societies.
The registration process includes obtaining the Corporate Affairs Ministry (‘MCA’) clearance, drafting papers like Memorandum of Association (MoA) and Articles of Association (AoA), and other compliances. This is also important ad it means that the company needs to ensure that the profits are used only for the intended purpose and not be paid to the shareholders.
The formation of Section 8 Company is beneficial for the social entrepreneurs and the NGOs to establish a legal business structure in Daman and Diu region as well as to legalize the acceptance of donations, grants, and partnerships. If properly guided, one cannot find it hard in his or her registry.Section 8 Company Sample Documents
Section 8 company under the Companies Act 2013 is a non-profit venture that has been established to promote social cause or welfare, education, charity, protection of the environment, research, and many other genuine objects. In contrast to the normal companies, section 8 companies have no provision for the distribution of profit if any to their members but the profits are ploughed back to be utilized for the purpose for which the companies are formed.
Daman and Diu being the union territory of India it is strategically vacant to begin with the social entrepreneurship of a business or an NGO. A Section 8 Company in Daman and Diu is beneficial to organizations as it is recognized by law and offers its members the advantage of exemption from income tax under the Income Tax Act and is thus preferred by charitable societies.
The process includes obtaining the consent of MCA, generating necessary papers like the Memorandum of Association (MoA) and Article of Association (AoA), and being compliant. This shall also help the company to ensure that the profits are properly and solely used for purposes intended more so not being paid to the shareholders.
Section 8 companies, also known as not-for-profit companies, are registered under Section 8 of the Companies Act, 2013. These companies have the following advantages:
Overall, the Private Limited Company structure offers several advantages that make it a popular choice for small and medium-sized businesses looking for limited liability and access to capital.
Learn How to apply for Section 8 company registration? Given below is the complete registration process of Section 8 company in Daman And Diu, you can follow the process to register your Section 8 Company in Daman And Diu within a few days:
The registration process of section 8 company begins with the application of Digital Signature Certificates. A DSC or Digital Signature Certificate is a type of certificate which works as a proof of identity for signing online forms or used in the company registration process. Application process of DSC is completely online and it can be availed from the concerned authorities within 24 hours of application. Once the DSC is received, Form DIR-3 is to be filed with ROC for getting a DIN( Directors Information Number) from the ministry.
To register a section 8 company, a unique name has to be approved by the concerned authority and the process of checking the name availability is completely online through a web application called Reserve Unique Name(RUN), introduced by the Ministry of Corporate Affairs to reserve a unique name for your Section 8 Company.
You can also use our Name Search tool to check for the name availability.
To register a Section 8 Company, you need to then fill Form INC-12 and submit it to the registrar of the company. This is a very important step as before getting a certificate of incorporation, you need to get License from the Ministry of Corporate Affairs under Section( 1 ) of the Companies Act, 2013. Post approval of the Form from the ministry, you will be issued a 6 digit Section 8 license number.
The next step after getting DSC, and Section 8 company license, is to file a SPICe form, which is a proforma for getting your Section 8 company incorporated online. The details that you need to fill in the form are given below:
The SPICe, eMoA, and eAoA are important forms which are required to be filed while applying for the Section 8 company incorporation. MoA is defined under Section 2(56) of the Companies Act, 2013 and MoA defines the powers and objectives of any company whereas AoA is defined under Section 2(5) of the Companies Act, 2013 in which internal structure and rules and regulations of the management is defined.
The final step after approval of the documents is issuance of the certificate of incorporation by the Ministry of Corporate Affairs. After getting the certificate, the company needs to open a current bank Account for the company within 2 months of getting the incorporation certificate.
Read this - NGO Registration Complete Process and Fees
Given below is the list of all the necessary documents required for Section 8 Company registration in Daman And Diu.
Read More - Documents Required for Section 8 company registration
After successful registration of a section 8 company, you will be provided with the following documents.
Certificate of Incorporation Sample
Section 8 Company Sample Documents
PAN Card Sample Documents
TAN Sample Documents
AoA Certificate Sample Documents
MoA Certificate Sample Documents
DIN Certificate Sample Documents
DSC Sample Documents
EPFO Certificate Sample Documents
Master data Sample Documents
The total Registration fees of Section 8 company registration in Daman And Diu is Rs 9,499, including Govt Fees and Professional fees of Professional Utilities.
| Section 8 Company Registration in Daman And Diu | Registration Fees |
|---|---|
| ✅ Digital Signature Certificate Fee | ₹3,000 |
| ✅ Government Fee(Stamp Duty) | ₹2,500 |
| ✅ Professional Fee | ₹3,999 |
| ✅ Total Cost | ₹9,499* |
Note - The above mentioned state wise registration fees includes registration for 2 members with minimum Authorised capital of Rs 1,00,000, DSC, Government Fees(Stamp Duty) and Professional fees.
The fees may vary if the number of members or Capital is increased or decreased.
Also Check - State wise Registration Fees of Section 8 Company in India
To register a Section 8 Company, we need to submit all the relevant documents along with the stamp duty or Govt Fees on the MCA Portal and it usually takes around 7-10 working days to get your Section 8 company incorporated in Daman And Diu. You can read about all the documents and fees required in Daman And Diu from the above information.
Get Section 8 Company Registration Online with Professionals Utilities in three simple step:
Step 1:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get your incorporation registered in 7-10 days
To conclude, Section 8 company registration is a great option for people who want to establish a non-profit organization that can create a positive social impact in the society. By registering under this section, you can enjoy various benefits, such as tax exemptions and eligibility for grants.
A Section 8 company can operate sustainably and prioritize social welfare over profits, creating a sustainable model that can benefit society in the long term. So, if you want to create a company that makes a difference and can contribute to social welfare, consider Section 8 company registration. Get your Section 8 Company registered in Daman and Diu today.
To get your Section 8 company incorporated in Daman and Diu, contact our team at Professional Utilities and get Section 8 company incorporated at Rs 9,499 within 7-10 days.
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.
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The Registration fee for a Section 8 company Registration in Dadra and Nagar Haveli is Rs 9,499 which includes for minimum 2 members, 1 Lakh Authorised capital, Government Stamp duty as well as Professional Fees of Professional Utilities.
To register a Section 8 company in Dadra and Nagar Haveli, you need DSC, a Unique Business Name, file Form, Section 8 License, Form SPICe INC - 32, INC-33, INC-34, and the get Incorporation Certificate. Register with Professional Utilities.
To register a Section 8 Company in Dadra and Nagar Haveli you need to provide with some of the basic documents such as Aadhar Card, PAN Card, Rent agreement, Address proof of Registered office.
Time Required for Section 8 Company Registration in Dadra and Nagar Haveli is 7-14 days.
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