Introduction

Registering a Section 8 company can be a fulfilling experience. These companies operate for charitable purposes. They promote arts, commerce, education, and social welfare. I, Deeksha Khurana, at Taxlegit, offer the best Section 8 company registration consultancy. Here’s a guide to help you understand the process.

Understanding Section 8 Company

section 8 company registration are different from other companies. They don’t aim for profit. Instead, they work for social good. These companies get many benefits like tax exemptions. They also receive funding from government and international bodies.

Pre-requisites for Section 8 Company Registration

Before starting the registration, gather these documents:

• Digital Signature Certificate (DSC) for the proposed directors.
• Director Identification Number (DIN) for the proposed directors.
• Memorandum of Association (MOA) outlining the company’s objectives.
• Articles of Association (AOA) detailing the rules and regulations.

Steps to Register a Section 8 Company

1. Obtain Digital Signature Certificate (DSC)

Every director needs a DSC. It’s used to sign documents digitally. You can get a DSC from government-recognized agencies.

2. Apply for Director Identification Number (DIN)

Next, apply for DIN for each director. You can apply for DIN while filling out the SPICe+ form. It’s a single application for company incorporation.

3. Name Approval

Choose a unique name for your company. Ensure it aligns with the objectives of the company. Submit the name for approval through the RUN (Reserve Unique Name) web service.

4. Drafting MOA and AOA

Draft the MOA and AOA. These documents define the company’s purpose and the rules for its operation. Ensure they are clear and align with the goals of a Section 8 company.

5. Filing the SPICe+ Form

Fill out the SPICe+ form. It’s an integrated web form for company incorporation. Attach the required documents. This includes the MOA, AOA, and details of the directors.

6. Get Approval from Regional Director

Submit the SPICe+ form. The Registrar of Companies (RoC) will forward it to the Regional Director. The Regional Director will scrutinize the application. If everything is in order, you will receive a license.

7. Certificate of Incorporation

Once approved, the RoC will issue a Certificate of Incorporation. Your Section 8 company is now officially registered.

Additional Registrations

Import Export Code Registration

If your company plans to engage in import-export activities, get the Import Export Code Registration (IEC). Apply for IEC through the DGFT website.

LLP Registration

If you prefer a different structure, consider LLP registration. It offers flexibility and limited liability. The registration process is simpler compared to a Section 8 company.

Benefits of Section 8 Company

• Tax Exemptions: Section 8 companies enjoy tax benefits.
• Credibility: Being a non-profit adds credibility.
• Funding: Easier access to grants and donations.
• Perpetual Succession: The company’s existence is not affected by changes in membership.

Conclusion

Registering a Section 8 company involves several steps. However, with the right guidance, it becomes manageable. At Taxlegit, I provide the best consultancy for Section 8 company registration. Whether you need help with Import Export Code Registration or LLP registration, I’m here to assist. Start your journey towards making a positive impact today.