Foundation or Section 8 Company is a part of NGO and the motive of incorporating section 8 company or section 25 company is to promote of charitable or non-profit motive like Commerce, Arts, Science, Education, Social Welfare, Research, Sports and many more things. This company is formed as per rules of companies’ act 2013 and has a legal identity as a Non- profit or Non-Government organisation.
The incorporation of the company is very similar to trust and society; the distinction is only that a section 8 company is registered under central government’s MCA regulation and Trust and Society are registered under state government’s regulation. Section 8 company has more benefits compared to trust and society in terms of recognition and legal standing. Moreover, the income or profit of the company is not distributed as a dividend to its shareholders; it has a provision to use the earned profit for promoting the objective of the company. DialMyCA offers online section 8 company registration services for Indian citizen at a much affordable price. Choose a plan according to your nature.
Limited liability is one of the most popular benefits of section 8 company, here members of the company are not personally responsible for companies’ liability. Members are liable only for unpaid shares held by them and nothing more than that.
Companies like public, private and one person company required share capital, but section 8 company does not require much share capital because direct funding from subscription and donation is sufficient.
Section 8 company is a part of NPO (Non-profit organisation) and due to that reason many tax benefits and exemption including 80G is enjoying here. Stamp duty for incorporating section 8 company is also less compared to other organisation.
Limited and private limited companies are not allowed to transfer ownership and title. But as per sec 8 of the Income Tax Act, this company can transfer ownership and title for both movable and immovable purpose with no legal obstructions.
As per section of 8(2) of the companies act 2013, section 8 company can enjoy all benefits, privileges and obligations like other limited Company.
Like other companies section 8 company is also enjoying separate legal entity as per companies act 2013. In case of arising any legal issue, the company can apply its legal entity.
1300+ GST 18%
12344+ GST 5%
A. Section 8 Company is a part of NGO and the motive of incorporating section 8 company or section 25 company is to promote of charitable or non-profit motive like Commerce, Arts, Science, Education, Social Welfare, Research, Sports and many more things. This company is formed as per rules of companies act 2013 and has a legal identity as a Non- profit or Non-Government organisation.
A. Digital Signature is the only secure and authentic way that a document can be submitted electronically. All filings of e-forms on MCA Portal are required to be filed with the use of Digital Signatures by the person authorised to sign the documents.
Under the plan you can obtain 2 class II digital signatures along with E-token, having a validity of 2 years.
In case, you already have a DSC, our experts will offer you some concession accordingly on the above package.
A. The incorporation process gets completed on obtaining the license and issue of incorporation certificate under section 8 of Companies Act 2013, (earlier section 25 of Companies act 1956). The whole process of company incorporation can be closed less than 15 days. The time taken also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents prior to starting the registration process.