Section 8 Company Registration
Section 8 Company Registration
Price: ₹ 14,000/- *.

Complete by: within 10 days*

*Subject to approval of Government portal services

  • Inc. Govt fees upto 1 lakh capital
  • Certificate of Incorporation
  • PAN and TAN
  • MOA and AOA
  • PF Number
  • ESIC Number
  • 2 DSC
  • INC-20A (Business Commencement)
  • MSME registration
  • Share Certificate
  • 2 DIN
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Section 8 Company Registration In Pune:

Want to start an NGO or charitable organization with the legal standing of a company? Startup Portal Business Services helps you register a Section 8 company in Pune from start to finish. We take care of name approval, the Section 8 licence application, MOA and AOA drafting, and incorporation filings, so you can focus on your cause instead of paperwork. Our package starts at ₹14,000 and the process is completely online.
The Section 8 Company Registration Startup Portal in Pune is an online platform that facilitates the registration of Section 8 Companies in Pune. This portal provides a simplified registration process, enabling entrepreneurs to register their Section 8 Companies with ease. The portal offers a single-window clearance mechanism, making the process more efficient and less time-consuming. It also provides access to various resources and information related to Section 8 Company registration in Pune, including the necessary forms, documents, and fees. By using this portal, entrepreneurs can save time and effort, and ensure that their Section 8 Company registration is completed accurately and in compliance with the relevant laws and regulations.

What is Section 8 Company?

Section 8 Company is a type of company registered under the Companies Act, 2013, with the objective of promoting social welfare, education, healthcare, environment, religion, or any other charitable purpose. This type of company is also known as a non-profit organization or a not-for-profit company. The primary objective of a Section 8 Company is to serve the society by carrying out activities that promote the public welfare, without the intention of making a profit. These companies can raise funds through donations and grants, but cannot distribute profits to their members or shareholders. The liability of the members of a Section 8 Company is limited to the amount of capital invested by them, providing protection of personal assets.

Minimum Requirements For Registration Of Section 8 Company:

To register a Section 8 company in Pune, you will need to fulfill the following minimum requirements:

  • Minimum number of members: The company should have a minimum of two members.
  • Directors: A minimum of two directors are required to register a Section 8 company. At least one director should be a resident of India.
  • Name reservation: You need to choose a unique name for your company and get it reserved with the Ministry of Corporate Affairs (MCA).
  • Registered office: You need to have a registered office in Pune where all the official communication will take place.
  • Objectives: The company should have charitable or social objectives, which should be clearly stated in the Memorandum of Association (MOA) and Articles of Association (AOA).
  • Capital: There is no minimum capital requirement to register a Section 8 company.
  • Digital Signature Certificate (DSC): You will need to obtain a digital signature certificate for all the proposed directors of the company.
  • Director Identification Number (DIN): All the proposed directors of the company should have a DIN.

How to Choose a Name for Your Section 8 Company

  • Choose a name that reflects your charitable objective.
  • Section 8 company names commonly end with words like Foundation, Forum, Association, Federation, Chamber or Council. 
  • The name must not be identical or too similar to an existing company or trademark.
  • It must not suggest a government connection or contain restricted words without approval.
  • Have 2 to 3 alternatives ready in case your first choice is rejected.

What Are The Advantage Of Section 8 Company Registration In Pune?

There are several advantages of registering a Section 8 Company in Pune, including:

  • Tax benefits: A Section 8 company can claim income tax exemption on its income when it applies that income towards its charitable objectives and obtains 12A registration. With 80G registration, your donors can also claim a tax deduction on their donations.
  • Limited liability: The liability of the members of a Section 8 Company is limited to the amount of capital invested by them, providing protection of personal assets.
  • No minimum capital requirement: there is no minimum capital requirement for Section 8 Companies.
  • Separate legal entity: A Section 8 Company is a separate legal entity from its members, providing it with the ability to enter into contracts and own assets in its own name.
  • Credibility: Section 8 Companies are considered more credible and reliable than other forms of organizations, especially in the social sector, as they are registered under the Companies Act.
  • Charitable objectives: Section 8 Companies are formed with the objective of promoting charitable activities, such as education, healthcare, environment, social welfare, etc.
  • Government recognition: Section 8 Companies receive recognition from the government, making them eligible for grants and donations from government agencies.

Overall, registering a Section 8 Company in Pune can provide several benefits, especially for those who are looking to promote charitable activities while enjoying tax benefits and limited liability.

12A and 80G Registration for Section 8 Companies

Registering as a Section 8 company does not by itself make your income tax-exempt. You also need:

  • 12A registration: Exempts the organization’s income from income tax when it is applied towards its charitable objectives.
  • 80G registration: Allows your donors to claim a tax deduction on donations, which makes fundraising easier.

Both are applied for through the Income Tax Department. Registration is typically granted first on a provisional basis and then converted to final registration. We can assist with 12A and 80G after your company is incorporated.

Restrictions to Know Before You Register

  • Profits cannot be distributed to members or directors. All income must go towards your objectives.
  • Changing the company’s objectives requires approval.
  • The licence can be revoked if conditions are violated.
  • Annual compliance with the Registrar of Companies is mandatory.
  • On winding up, remaining assets must go to another charitable entity, not to members.

Documents Required For Section 8 Company Registration In Pune?

To register a Section 8 Company in Pune, the following documents are typically required:

  • Identity and Address Proof of Directors and Shareholders: PAN Card, Aadhar Card, Voter ID, or Passport or driving license and latest bank statement.
  • Registered office proof: A copy of the latest electricity bill, along with a No Objection Certificate (NOC) from the owner of the property.
  • Memorandum of Association (MOA) and Articles of Association (AOA): The MOA and AOA of the proposed company, which should include the company’s objectives, rules, and regulations.
  • Name approval certificate: A copy of the certificate of name approval issued by the Registrar of Companies.
  • Declaration by directors: A declaration by all proposed directors that they have not been disqualified from being appointed as directors of a company.
  • Consent to act as a director: A copy of the consent of all proposed directors to act as directors of the company.
  • Affidavit of non-acceptance: An affidavit from all proposed directors that they have not been a director in any company which has been struck off or is in the process of striking off by the Registrar of Companies.

Process For Registration Of a Section 8 Company:

  • Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for all proposed directors.
  • Apply for name reservation through the Ministry of Corporate Affairs (MCA) portal by submitting an application in Form SPICe+ along with the required fees.
  • Once the name is approved, draft the Memorandum of Association (MOA) and Articles of Association (AOA) of the proposed company.
  • Prepare and file the SPICe+ form along with the MOA and AOA, and other required documents, such as the address proof, identity proof, and residential proof of all proposed directors.
  • Once the Registrar of Companies (RoC) approves the application, a Certificate of Incorporation will be issued, and the company will be registered.
  • Obtain the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) of the company from the Income Tax Department.
  • Apply for Goods and Services Tax (GST) registration if the company is engaged in any taxable supply of goods or services.
  • Finally, open a bank account in the name of the company and deposit the initial capital.
  • Apply for 12A and 80G to claim tax exemption and offer donors tax benefits.

What is included in Our Section 8 Company Registration Package?

Section 8 Company Registration Startup Portal Package may include the following services:

  • Name availability search and reservation of the proposed company name.
  • Drafting of Memorandum of Association (MOA) and Articles of Association (AOA).
  • Filing of the necessary forms and documents with the Registrar of Companies (ROC).
  • Obtaining the Certificate of Incorporation and PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number).
  • Providing a registered office address in Pune and obtaining the necessary No Objection Certificate (NOC) from the owner of the registered office.
  • Access to an online platform for easy tracking of the registration process and status updates.
  • Professional assistance and guidance from experienced professionals, available online or via phone or email support.

Section 8 Company Registration Cost in Pune

The cost of Section 8 company registration in Pune depends on your authorised capital, the number of directors, and the documents and approvals involved. At Startup Portal Business Services, our Section 8 company registration package starts at ₹14,000, with the full cost shared upfront before we begin.

Our ₹14,000 package includes:

  • Government fees for up to ₹1 lakh authorised capital
  • Certificate of Incorporation
  • PAN and TAN
  • MOA and AOA drafting
  • 2 Digital Signature Certificates (DSC)
  • 2 Director Identification Numbers (DIN)
  • INC-20A (Declaration for Commencement of Business)
  • Share Certificate
  • PF Number
  • ESIC Number
  • MSME registration

What can change the final cost:

  • Authorised capital: Government fees increase if your authorised capital is above ₹1 lakh.
  • Stamp duty: Stamp duty on the MOA and AOA is payable as per Maharashtra state rules, and we confirm the exact amount before filing.
  • Additional directors: Extra DSC and DIN are charged for each director beyond two.
  • Add-on services: 12A and 80G registration, FCRA registration and annual compliance are available separately.

Why Choose Startup Portal for Section 8 Company Registration in Pune?

There are several reasons why choosing a Startup Portal for Section 8 Company Registration in Pune can be advantageous:

  • Expertise and Knowledge: Professional service providers have extensive knowledge and expertise in the registration process for Section 8 Companies in Pune. We can guide you through the entire process and ensure that all legal requirements are met.
  • Time-saving: The Startup Portal provides a simplified and streamlined registration process, allowing entrepreneurs to register their Section 8 Company quickly and efficiently.
  • Cost-effective: The fees for Section 8 Company Registration through the Startup Portal are usually lower than the fees charged by traditional service providers.
  • Professional assistance: Startup Portals usually have a team of experienced professionals who can guide entrepreneurs through the registration process, ensuring compliance with all the relevant laws and regulations.
  • Convenience: The Startup Portal is an online platform that can be accessed from anywhere, making it a convenient option for entrepreneurs who may not have the time or resources to visit traditional service providers in person.

Overall, choosing a Startup Portal for Section 8 Company Registration in Pune can be a convenient, cost-effective, and time-saving option for entrepreneurs who are looking to register their non-profit company with ease.

Annual Compliance for Section 8 Companies

After registration, your company must complete yearly filings, including AOC-4 (financial statements), MGT-7/7A (annual return), AGM, board meetings, DIR-3 KYC and income tax return.

Missing deadlines can lead to penalties and, in serious cases, licence action. We handle these through our Company Compliance service.

Frequently Asked Questions(FAQ's):

The registration process for a Section 8 company in Pune typically takes between 15-20 days.

No, a Section 8 company cannot distribute profits to its members. Any surplus generated by the company must be utilized for promoting its objectives and cannot be distributed as profits to its members.

No, it is not mandatory to appoint a Company Secretary for a Section 8 company. However, if the company has a paid-up share capital of Rs. 10 crores or more, it is mandatory to appoint a full-time Company Secretary.

In case the employee is also a member, no remuneration or other benefit in money or money's worth can be given to him except payment of out-of-pocket expenses, reasonable & proper interest on money lent, or reasonable and proper rent on premises left to the company.

An individual or organization can petition the Registrar of Companies (ROC) using the necessary information to set up a firm under Section 8 of the Companies Act.

Yes, central government approval is required for Section 8 company registration in India. It is required before company registration.

There is no minimum capital requirement for a Section 8 company in India.

A Section 8 company is called a non-profit organization that aims to work on social issues of society. Section 8 Company names may end with "Foundation" or any other phrase may be chosen.