5 Simple Steps to Section 8 Company (Corporate Trust)

Applying for DIN and DSC

Applying for Name Approval

Applying for Central Govt. Approval under Form 12

Submission of Memorandum of Association (MoA) & Article of Association

Get Company Incorporation Kit

Minimum Requirements as per Companies Act, 2013

• Minimum 2 Shareholders

• Minimum 2 Directors

• At least 1 of the Directors shall be an Indian Resident

• The directors and shareholders can be the same person.

• Minimum Authorized Share Capital to be Rs.1Lac

• DIN (Director Identification Number) for all Directors

• DSC(Digital Signature Certificate)for Directors, Shareholders & Witness

• 1 Witness for MOA / AOA Subscriber

Basic Document Requirement List

Documents of Director

1. Passport size photograph (Scan Copy)
2. PAN Card copy(Mandatory)
3. Proof of Identity
(Any one of the below)
-Passport
-Voter ID
-Driving License
-Aadhar Card
4. Proof of Residence (in the name of applicant)
(Any one of the below)
-Bank Statement
-Electricity Bill

Document For Company Registered Office

Case-A: If the Property is owned by any Director or Shareholder:
1. Sale deed of the Property
2. NOC from the owner (Digital CA will provide a draft copy)
Case-B: If the property is taken on rent by any Director or Shareholder:
1. Rent Agreement
2. NOC from the owner (Digital CA will provide a draft copy)
In addition to above, anyone of Electricity Bill/Telephone Bill/Gas Bill/ Mobile Bill is required

22199

Basic

All Inclusive Fees

Two Digital Signatures, Two Directors Identification No.
Name Approval From ROC
MOA+AOA, PAN , TAN, ROC Certificate, Bank Account Opening Support

25999

Silver

All Inclusive Fees

2 Digital Signatures, 2 Directors Identification No.
Name Approval From ROC
MOA+AOA, PAN, TAN, ROC Certificate, Bank Account Opening Support
GST Registration

35799

Gold

All Inclusive Fees

2 Digital Signatures, 2 Directors Identification No.
Name Approval From ROC
MOA+AOA, PAN, TAN, ROC Certificate, Bank Account Opening Support
GST Registration
Trade Mark Registration

Basic Feature

Charitable objectives

Section 8 companies do not aim to make profits. Their objectives are purely charitable in nature. They aim to further causes like science, culture, research, sports, religion, etc.

No minimum share capital

Section 8 companies, unlike all other companies, do not require a prescribed minimum paid-up share capital.

Limited liability

Members of these companies can only have limited liability. Their liabilities cannot be unlimited in any case.

Government license

Such companies can function only if they have the Central Government’s license. The Government can revoke this license as well.

No Personal use of assets

People generally prefer to conduct charitable activities by forming Section 8 companies instead of regular NGOs and associations. This is because they have limited liability, so their personal assets will not be used in paying debts of the company.

Firms as members

Apart from individuals and associations of persons, Section 8 also allows firms to be members of these companies.

Taxation Impact

Tax Impact: Section 8 Company is a non-profit organization that is why they are exempted from some provisions of the income tax. They are also given numerous other deductions and other tax benefits. They avail benefits under section 80G of the Income Tax Act, 1961. They also are required to pay less stamp duty as compared to other organizations.

Other Compliances: Like other company Section 8 companies are also required to file an annual return with ROC in every year. An audit is mandatory and Additional compliances to fulfill the registration like 12AA, 80G, etc.

Start 22199 /- all inclusive fees
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