What is a Section 8 Company?
A not-for-profit company formed for charitable, social, educational, or similar purposes.
Promoters Are Called:
- Members
- Directors
Structure Requirements
- Minimum Directors: 2 (private type) / 3 (public type)
- Minimum Members: 2 or 7
- Capital: No minimum
NRI / Foreign Participation
- Allowed subject to FCRA if receiving foreign donations.
Meetings
- AGM required annually
- Board Meetings
Dividend
- No dividend permitted.
Remuneration
- Directors may receive remuneration subject to restrictions.
Audit
- Mandatory annually.
Tax
- Can apply for 12A and 80G exemption.
FORMATION OF SECTION 8 COMPANY
CORE SERVICES (Rs. 9,999)
- NAME APPROVAL
- DSC FOR ALL DIRECTORS
- MOA & AOA DRAFTING
- DIN FOR DIRECTORS
- APPLICATION PREPARATION
- ATTESTATION BY PROFESSIONALS (CA/CS/CMA)
- PAN & TAN & CERTIFICATE OF INCORPORATION (CIN)
OPTIONAL SERVICES (Additional Fee)
- GST REGISTRATION
- BANK ACCOUNT OPENING ASSISTANCE
- APPOINTMENT OF AUDITOR
- INITIAL COMPLIANCE FILING
- TRAINING ON COMPLIANCE
- ACCOUNTING
- COMPANY SECRETARIAL SERVICES
- GST FILING
- MONTHLY COMPLIANCES
- ANNUAL INCOME TAX FILING
- ANNUAL MCA FILING
- ANNUAL AUDIT/TAX AUDIT/GST AUDIT FACILITATION
- VIRTUAL CFO SERVICES
- OFFICE SPACE/CO-WORKING FACILITY