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Any person or an association of person can register a non-profit organization by forming a trust or society or a section 8 company. Any person or association of person can register a company under section 8 of the Companies Act, 2013 as a limited company by obtaining a license and adhering the following conditions:
Separate Legal Entity
As a juristic legal person, both the company and its members have separate legal identity that is distinct from each other
Objects of section 8 company shall be promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object.
Limited liability of members
The liability of members of a Limited Company incorporated as section 8 Company is limited to the amount of share capital remaining unpaid on the shares held by them.
Restriction on payment of Dividend
Section 8 Companies are restricted from payment of Dividend to its Members.
Needs to obtain License
Section 8 Companies can function only after obtaining License from Central Government and the same can also be revoked by Central Government.
Obtaining requisite Documents and information
Filing of Requisite forms with ROC
Certificate of Incorporation
Note 1: *Draft will be provided by our team
Note 2: Following additional documents will be required in case the company to be incorporated is a subsidiary of another company: â€¢ Copy of resolution passed by the Parent company for incorporation of subsidiary company; â€¢ No-objection certificate from the parent company for using its name by the subsidiary company; â€¢ Certificate of Incorporation of the Parent company
Note 3: In addition to the above documents, a declaration from Professionals in Form INC 14 shall also be required.
At Companies Next, we have a dedicated team of professionals for providing quality services with accuracy and within given timelines. We provide a complete transparent and online platform for registration of your section 8 company. Our section 8 company registration includes: