Section 8 Company can easily be started for a not for profit incorporation and getting license for a Section 8 Company. AapkaTax offers Section 8 company registration from Rs.2989/-
Section 8 Company is tagged after the Section 8 of the Companies Act, 2013, that refers to an establishment for promoting art, commerce, sports, science, research, education, religion, social welfare, protection of environment, charity or any such other object', providing the profits, if any compensation is enforced for advertising only the articles of the company and no allowance is paid to its members. Hence, Section 8 Company is a company enrolled under the Companies Act, 2013 for not-for-profit or charitable purposes.
Hence, it is much similar to a Society or Trust, only, a Section 8 Company is enrolled under the Central Government's Ministry of Corporate Affairs whereas the Societies or Trusts are registered under State Government control. A Section 8 company has different benefits in regard to a Trust or Society like improved recognition and have better legal standing. It also has much more reliability amongst donors, other stakeholders and Government departments.
Identity and Address Proof
Identity and address proof of all directors and shareholders of the company will be required for registration. Also for, Indian nationals, PAN is mandatory. For foreign nationals, an apostilled or notarized copy of passport needs be submitted compulsorily. All documents submitted must be valid and the residence proof documents such as bank statement or electricity bill must be less than 2 months old.
Registered Office Proof
The companies must necessarily have a registered office in India of which they need to provide a recent copy of the of the electricity bill or property tax receipt or water bill. Also, along with the utility bills, a copy of the rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company needs to be submitted.
Hence, these are the mandatory documents:
1. Identity proof of partners
2. Address proof of partners
3. Address proof for registered office in India
4. Signed Incorporation Deed