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Section 8 Company Registration
Our TaxTeam will help you register your Section 8 corporation. We are the leading provider of incorporation services, both online and offline. You can now register your company anywhere in India with a single phone, email, or message.
Section 8 Company to be Incorporated under Companies Act, 2013
An association that registers under Section 8 of the Companies Act of 2013 is considered a not-for-profit organization. It seeks to advance social welfare, religion, trade, the arts, science, sports, education, research, philanthropy, and environmental preservation, among other related objectives. The organization forbids members from receiving dividend payments. Any money it makes is used to achieve its goals. The terms "Limited" or "Private Limited," if relevant, may be omitted from the company's name. The minimum paid-up capital requirement does not need to be met by the business. A one-person business cannot be set up as a Section-8 business.
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Benefits
Benefits of Incorporation of Section 8 Company
01
Tax Benefits
Section 8 companies are provided many tax benefits. It is a not-for-profit organization and enjoys exemption from Income Tax provisions.
02
Separate Legal Entity
A Section 8 corporation is recognized as a separate legal entity, where the firm’s assets and liabilities differ from those of its participants. Section 8 companies can sue third parties in case of a disagreement or default.
03
Zero Stamp Duty
There is no stamp duty required for section 8 company registration.
04
No Minimum Capital
You can launch your non-profit organization without worrying about the amount of funds required by forming a Section 8 corporation with no paid-up capital.
Faq's
General frequently asked questions
Have questions? Our FAQ section covers common queries to help you find quick and clear answers.
Have Any Question ?
No, it is not mandatory to have share capital in a Section 8 Company.
The words "Foundation," "Forum," "Association," "Federation," "Chambers,"
"Confederation," "Council," or similar must be mandatorily included in the name of a
Section 8 Company.
Yes, a Section 8 Company can carry out microfinance activity with prior approval
from the RBI.
No, it is not mandatory for a Section 8 Company to appoint independent directors.
Testimonials
What Our Client Say's about us
Our Clients Say's About Us" reflects the positive feedback and trust our clients have in our services, demonstrating the impact we've made on their success
Know MoreIt was an overwhelming experience to have been associated with Taxteam. Mr. Thyagarajan and his team ensured that all our approvals were obtained on time and he was just a call away in case of any assistance required
They have adequate staff to attend to various set of customers. We would also like to reiterate that we have disciplined ourselves in some grey areas after associating with them due to their regular and periodical advice and support.
We are working with Taxteam for almost a Decade. Excellent team, timely follow-up on deliverables. Committed and dedicated CEO Mr.Thiyagarajan, very patient and humble person. Glad to be associated with Tax team
