Registering a Section 8 Company is quick, easy, and can be done online with Vakilsearch in 3 simple steps:
We address all your queries about entity selection and guide you to choose the most appropriate one.
We help you get the entire process of filing and registration completed.
We will register the NGO and handle all the formalities (Trust Act, Society Registrations Act or the Companies Act, depending on the entity chosen).
A Section 8 company under the Companies Act, 2013 or a Section 25 Company as per the Companies Act,1956 is an organization registered with an objective of promoting the fine arts, science, literature, or knowledge sharing for a purposeful matter or for charity. These are the limited companies established under the Companies Act. The Government grants these companies an exclusive license under Section 8 Companies Act. There are three main conditions for granting the license is.
For registering a Section 8 company, the following criteria must be fulfilled:
The following are the advantages of incorporating a Section 8 company over other modes of registering an NGO:
There are three major steps in incorporating a Section 8 company apart from the document collection, preparation and drafting. They are
STEP 1: Run Approval:
STEP 2: RD 1 License:
STEP 3: Spice Form:
There is a general notion that a Section 8 company need not pay tax as they work towards the welfare of the public at large. But this is not true. A Section 8 company, like any other legal entity, is liable to pay tax. In order to be exempted from Tax, a Section 8 company is required to obtain certification for the said exemptions such as Section 12 A, 80G etc. from the Income Tax Authorities.
20 Working Days
Just tell us a little bit about your business and you'll have the registered trust deed in 20 working days (subject to government approval). It's that simple. In addition to yours, we'll be handling around 400 requests this month.
9.1 Customer Score
We make your interaction with the government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
160 Strong Team
Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.
NIT, Srinagar, Registers their “Greenovator Incubation Foundation” as a Section-8 Company
Sept 23, 2020
The National Institute of Technology (NIT), Srinagar, registered its “Greenovator Incubation Foundation,” as a section-8 company to encourage more entrepreneurs, startups and promote innovations within the region. The “Greenovator Incubation Foundation” is also India’s first Green Technologies Incubation Centre.