Updated on March 06, 2025 01:21:36 PM
A Section 8 company is incorporated under the Companies Act 2013 and is a non-profit-oriented company with the aims and objectives of promoting charity activities including education, healthcare, protection of the environment, social welfare, art, sports, and research activities. It means that different from other business structures, its profits cannot be distributed to the members since the Section 8 Company must reinvest all the profits towards the objectives of the Company.
Goa is culturally vibrant and progressive on the business front, making it a favorable location for the location of non-profit making organizations. All registered Section 8 Companies in Goa have legal existence, credibility, and tax exemption under the Income Tax Act, and are open to avail the government grants/foreign funding.
It includes seeking temporary approval from the Ministry of Corporate Affairs (MCA), preparing the Memorandum of Association/Memorandum of Incorporation and Articles of Association/Bye Laws and other statutory compliances. In terms of market entry and registrations legal requirements should be met and documented properly.
Through Section 8 Company in Goa, /the Social NGO and the Social Entrepreneurs can operate under certain legal provisions and can build the confidence of the public along with mobilizing the funds for that particular cause organization. According to the current scenario, it is clearly stated that how an organization can bring positive change in society while leading to numerous legal and financial benefits.
Section 8 Company Sample Documents
A Section 8 Company is one of a kind of registered non-profit organization which has been registered under the Companies Act, 2013 in India. It is created to carry out charitable purposes such as education, health, environment, social, and other public purposes. Unlike regular business organizations, Section 8 Company cannot work to generate profits for the owners. As such all the money generated goes towards the funding of such missions and other activities.
As this type of company affirms some advantages like tax exemption, legal acknowledgment, and reputation it is most suitable for usage by NGOs, trusts, and charitable organizations. As per regulation under the Ministry of Corporate Affairs (MCA), the Section 8 Company needs to obtain the permission of the said authority the documentation process must be completed
Section 8 of the Companies Act allows organizations to legally collect funds, approach for grants, and garner public confidence while making a social contribution.
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 Goa, you can follow the process to register your Section 8 Company in Goa 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 Goa.
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 Goa is Rs 9,499, including Govt Fees and Professional fees of Professional Utilities.
Section 8 Company Registration in Goa | 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 Goa. You can read about all the documents and fees required in Goa 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
A Section 8 company Registration is the best way to give service to the society and devote yourself in the welfare activities. To get your Section 8 company Registration in Goa, you need to submit all the aforementioned documents along with the required registration fees on the MCA portal and then wait for the document verification and approval.
If you need any assistance in incorporating your Section 8 company in Goa, we can help you get your incorporation effortlessly and easily
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.
The Registration fee for a Section 8 company Registration in Goa 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 Goa, 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 Goa 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 Goa is 7-14 days.
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