We provide Section 8 Company registration in Patna,Non profit organisation registration in Patna Bihar, Charitable organisation registration in Patna Bihar. Section 8 company is a not for profit organization.  Not for profit does not mean that the section 8 companies cannot generate profit from their business. Section 8 companies are established for some special purpose. We will give you all information about registration of section 8 company in this article in brief.

Section 8 Company registration

Section 8 company registration means, registration of company as per rules and regulation of companies act, 2013. Section 8 companies incorporated for promoting arts, commerce, charity, education, social welfare, sports, religious or any other social objects. Profits or donation received by section 8 companies is applied for promoting its objects and no any part of its profit distributed as dividend to its members. Section 8 companies can earn profits but the promoters cannot use it for personal benefit. Section 8 companies cannot use “section 8 or private limited or limited” in its name.  Profit earn by section 8 companies must used in promoting charitable objects. A section 8 company is like Trust and society. Central government has imposed some restrictions and conditions on section 8 companies. If they don’t fulfill them, government can pass order to wind up the company.  In case of any fraud legal action will be taken by ROC against all officers of the section 8 companies. Section 8 companies either private or may be a public company. Registration process of Section 8 companies is different from LLP or normal Private limited companies. A separate license is required to be obtained before incorporation by applying to Regional director (RD). For incorporation of section 8 company (private) minimum 2 members is required.

Advantage of Section 8 Company Registration

1. Tax benefit.
2. For complying CSR activities.
3. No minimum capital is required.
4. Separate legal entity.
5. Credible as compared to Trust and society.
6. No title required.

Documents required for Section 8 Company registration

1. Copy of Pan Card of all Members.
2. Copy of aadhar card/ voter ID card/ Passport.
3. Photograph of all members.
4. Copy of Bank statements of all directors (Up to date).
5. Copy of rent agreement of Office premises.
6. Copy of electricity Bill.
7. Contacts details of all members.

Procedure of Section 8 Company registration

1. Apply for DSC of all members.
2. Preparation of documents.
3. Name filing.
4. Section 8 company License filing with RD.
5. MOA & AOA drafting.
6. 3 years projected P&L balance preparation.
7. Filing of section 8 company.
8. Incorporation certificate issued BY MCA.

Section 8 companies are nonprofit organization. It is established for social work not for profit motive. In old companies act, 1956 section 25 was deals with nonprofit organization incorporation. Government of India has made Section 8 company registration to be done online. So it is good news for you. You do not have to visit our office for you work. You can send us all documents with sign through emails. We will do all of your work. You can pay our fee online.