SECTION 8 COMPANY

SECTION 8 IS LIKE NON PROFIT ORGANIZATION, NGO, TRUST WHOSE MAIN OBJECTIVE IS TO WORK FOR THE PUBLIC NOT TO GENERATE PROFIT. GENERALLY NPO ARE REGISTER TO PROMOTE EDUCATION, RELIGION ETC. WHICH IS IN INTEREST IN THE SOCIETY. SECTION 8 IS ALSO REGISTERED UNDER THE COMPANIES ACT, 2013 AND ALL PROVISIONS ARE APPLICABLE TO THIS ENTITY.

BENEFITS ASSOCIATED WITH THE NIDHI COMPANY THAT ENCOURAGE YOU TO BEGIN YOUR BUSINESS
  1. NO MINIMUM CAPITAL:- THERE IS NO LIMIT ON CAPITAL REQUIREMENT THAT MEANS YOU CAN

   START YOUR BUSINESS WITH A CAPITAL OF JUST RS. 1000.

  1. TAX BENEFITS: – CERTAIN EXEMPTIONS AND DEDUCTIONS ARE ALLOWED IN INCOME TAX

 TO SECTION – 8 COMPANY.

  1. OBJECTIVES: – ITS MAIN OBJECTIVE IS FOR THE SOCIAL CAUSES NOT TO GENERATE PROFITS.

         TO ITS MEMBERS.

  1. PRIVILEGES: – IT POSESSES CHARITABLE OBJECTIVES THEREFORE, COMPANIES ACT PROVIDE

            SEVERAL BENEFITS & EXEMPTIONS TO THEM.

  1. LIMITED LIABILITY:- MEMBERS OF THE COMPANY ARE NOT PERSONALLY LIABLE FOR THE

                       DEBTS OF THE COMPANY. 

DOCUMENTS WHICH ARE REQUIRED TO REGISTER A NIDHI COMPANY.

  1. MINIMUM 3 DIRECTORS.
  2. RATIO OF NET OWNED FUNDS TO DEPOSITS SHOULD NOT BE MORE THAN 1:20.
  3. MINIMUM CAPITAL- RS. 5 LAKH.
  4. ATLEAST 7 MEMBERS.

DOCUMENTS WHICH ARE REQUIRED TO REGISTER A NIDHI COMPANY.

  1. COPY OF PAN CARD/PASSPORT (SELF ATTESTED).
  2. COPY OF AADHAR CARD/ VOTER ID/ DRIVING LICENSE (SELF ATTESTED).
  3. BANK STATEMENT/ TELEPHONE BILL/ ELECTRICITY BILL/ MOBILE BILL FOR REGISTERED OFFICE ADDRESS.
  4. PASSPORT SIZE PHOTOGRAPH.
  5. NOC (FOR OFFICE ADDRESS), IF REQUIRED.

STEPS THAT ARE REQUIRED TO REGISTER A SECTION 8 COMPANY

  1. NAME APPROVAL.
  2. APPLY FOR DIGITAL SIGNATURE (DSC).
  3. APPLICATION FOR DIRECTOR IDENTIFICATION NUMBER (DIN).
  4. DRAFTING DOCUMENTS, AOA & MOA.
  5. FILING & SUBMISSION OF INC-12 FOR LICENSE.
  6. FILLING OF SPICE FORM + , MOA (INC-33), AOA(INC-34).
  7. ELECTRONICALLY SUBMISSION OF ABOVE FORMS ON MCA WITH GOVERNMENT FEE.
  8. COMPANY INCORPORATION CERTIFICATE, PAN, TAN.

WE WILL PROVIDE YOU THE COMPANY REGISTRATION SERVICES. IT WILL TAKE AROUND 14-15 DAYS TO COMPLETE. THE WHOLE PROCESS IS ONLINE THERE IS NO NEED TO ARRANGE TIME TO VISIT PHYSICALLY.

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