Section 8 Foundation Registration @ Rs.14,999/-
NGO Name Reservation
Section 8 License
DIN & Digital Signature for 2 Directors
MOA & AOA | PAN & TAN
MSME Registration
Share Certificates
Guidance to open local Bank Account
Includes Government & Professional Fees
Section 8 Foundation Registration
Looking for section 8 Company Registrations online or NGO Registration then you are in the right place, it is established for promoting commerce, research, art, science, sports, education, social welfare, charity, protection of environment etc. VolksPhantom is the online portal helping the clients with the business set-up to registrations and compliance filings. It is a team of qualified professional to serve the legal needs of business at PAN India level.
A Section 8 Company is similar to a Society or Trust; expect a section 8 corporation is registered under the Central Government’s Ministry of Corporate Affairs. It has various advantages when compared to Society or Trust like improved identification and better status and it also has higher credibility amongst donors, Government departments and other stakeholders.
Section 8 company which was known as section 25 company is a legal form for Non Governmental organizations (NGO) or Non Profit Organizations (NPO). It is licensed company which is authorized to work anywhere in the country.
Section 8 Company Registration Process
It requires at-least two people to start with. Further, there is no limit for initial capital and hence, it can be started with Rs.10,000. Procedure of section 8 Company registration:
Step 1 – Prepare DSC, DIN & Name approval: Before even applying for the DSC, DIN etc one must organize all the documents properly, because most of the rejection happens due to improper documentation.
Step 2 – Apply for License: The second and the most important part is to get license from the government to do the social work in India. This is done through e-form no.12 with proper application and attachments.
Step 3 – File for incorporation: The third step is to file the incorporation along with all necessary documents. The form is attached with all the important attachments like MOA, AOA, declarations etc.
Required documents for Section 8 Foundation Registration
PAN Card of all Directors.
Aadhar Card of all Directors
Address Proof (Mobile Bill, Bank Statement, Telephone Bill)
Passport Size Photo
Ownership Proof (Electricity Bill etc)
Utility Bill (Gas Bill, Electricity Bill)
NOC
Mandatory Requirements for Section 8 Company Registration
Section 8 company are formed by those who do not have any profit motive, rather they have a social objective which they want to achieve. Hence, there mandatory requirement to start the section 8 company are as follows:
- Minimum of two persons are required along with the documents stated above.
- You must have a plan for your social objectives, as ROC may ask for the same.
- Whatever, you choose the capital of the company; you must invest the same into company within 2 months.
Funding of NGO / Donations / NPO or Section 8 Company
Section 8 companies are not allowed to raise funds by way of deposits but they can accept donations from the general public. Let us talk about the ways by which it can raise funding:
Foreign Donations: Foreign donations are allowed only when FCRA registration has been taken. FCRA license can only be applied after three years from the date of registration. However, if it is really urgent to receive foreign donations, then you may apply for prior permission from commissioner.
Equity Funding: Section 8 company can also raise funding by issuing new equity shares at a higher value.
Domestic donations: There is no restriction on the domestic donations, however a proper check must be kept in order to avoid the money laundering cases.
What a Section 8 Company can do?
Can do any activity which is done without any profit motive.
Can open branches as there is no specific restriction, however advised to open in limited numbers.
Give salaries to members/director for there services.
Can claim income tax exemption by registering under section 12AA and section 80G.
A Section 8 Company cannot do:
Cannot take profit from the company directly, but can take in the form of salary, official expenses etc.
Run with profit motive otherwise all the existing tax exemption shall be withdrawn.
Cannot take deposits from general public.
Advantages of Section 8 Company
No minimum capital requirement
Income Tax exemption
Best form to start your NGO/NPO
Can accept donations
Disadvantages of Section 8 Company
No minimum capital requirement
Restricted foreign funding
Strict Compliances
Cannot take profits from company
Costly compliance
We register all types company such as Section 8, One Person Company, Private Limited, Public Limited, etc. Here we have a team of experts and Chartered Accountant which will assist you to register a company in India. The experts at VolksPhantom can help you to set up your section 8 Company registration in India. To get personalized help for company registration, feel free to write us at info@volksphantom.com, our experts will get back to you with simplified solutions.
We provide Section 8 Foundation Registration and many more services in all over India
Volks Phantom offering Section 8 Foundation Registration service and other startup registration services like One Person Company Compliances, FCRA Registration, Close or Winding Up Of a Company, Public Limited Company Compliances, MSME Udyog Aadhaar Registration, Change Company Address or Registered Office, Private Limited Compliance, Producer Company Registration, Trademark Registration, Trust Registration, LLP Annual Compliance Service, ISO Certification, Startup India Registration, Copyright Registration, Producer Company Compliances, LLP Registration, NGO Compliances, GST Return Filing, Change, Add or Remove Company Director, Chartered Accountant Consultation, Nidhi Company Registration, Society Registration, Digital Signature Certificate, Private Limited Company Registration, One Person Company Registration, NGO Registration, Public Limited Company Registration, Section 8 Foundation Registration, DIN Activation, Company Registration, GST Registration, Income Tax Return Filing, Food License (FSSAI) Registration, Commencement of Business Certificate, Sole Proprietor Registration, GST Surrender, Director KYC Verification, Import Export Code | IEC Certification, Nidhi Company Compliances, Partnership Firm Registration, Section 8 Company Compliances, 12A 80G Registration, Change Company Name, etc for fresh startups and entrepreneurs. We offer the cheapest and fastest professional services in all states like Rajasthan, Andhrapradesh, Manipur, Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Odisha, Madhya Pradesh, Himachal Pradesh, Delhi, Tamil Nadu, Dadra and Nagar Haveli, Kerala, Sikkim, Daman and Diu, Assam, Maharashtra, Gujarat, Bihar, West Bengal, Puducherry, Andaman and Nicobar Islands, Andhra Pradesh, Goa, Haryana, Chhattisgarh, Nagaland, Telangana, Mizoram, Meghalaya, Karnataka, Arunachal Pradesh, Punjab, Jharkhand, Tripura, etc. Our charges for Section 8 Foundation Registration in India is among the cheapest and most affordable. We deliver what we promise always.
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Volks Pantom is building one of India’s largest financial services marketplace for SMEs and Startups. We understand the financial needs of startups, right from Company Registration to Fundraising, Debt Financing to Investor Relations Management and managing Government Compliances. To help SMEs and Startups start, manage and grow their business, we have a panel of Chartered Accountants (CAs) from across India. We bring you all of the services that a SME startup requires such as Registration, Trademark, ISO, FSSAI License, Startup India Registration, Loan Syndication, Insurance, GST Registration and Returns and everything at one place.
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