A Section 8 Company is named after the Section 8 of the Companies Act, 2013. The segment applies to the fuse of a relationship for advancing business, religion, workmanship and culture, training, philanthropy, inquire about, science, sports, social welfare, ecological security or some other beneficent goal; , gave that any conceivable earned benefits may be connected for advancing the destinations of the affiliation and no profit is to paid to its individuals. It is a kind of organization which is set up with the goal to advance business, expressions, science, sports, instruction, examine, social welfare, insurance of the earth or some other such item.
Eligibility for section 8 Company registration.
- Minimum Two People
- No Minimum Capital
- One Resident Director
- Unique Name
- Social or Welfare Object
- No Profit Distribution
Required Document for section 8 company registration
Identity proof of Directors and Shareholders
- PAN Card for Indian Nationals.
- Passport for Foreign Nationals.
- Proof of nationality for Foreign Nationals
- Proof of Identity (Voter ID/Passport/Driving License) (any one)
- Resolution of the board of company / LLP for authorization of director/partner.
- 2 Passport size photos.
Frequently Asked Questions
Q. What is a section 8 company?
Any association that works for advancement of craftsmanship, science, instruction, sports, social welfare, look into, philanthropy, religion, ecological insurance or some other such goal. It is anything but difficult to deal with a Section 8 Company when contrasted with a Trust or a Society.
Q. What are the key features of a section 8 company?
- Not revenue driven
- Utilization of funds and earnings