SEC 8 COMPANY (NON-PROFIT ORGANIZATION)

In India, a non-profit organization can be registered as Trust by executing a Trust the same as Section 25 deed or as a Society under the Registrar of Societies, or as a non-profit company under Section 8 Company of the Companies Act, 2013. A Section 8 Company is Company under the old Companies Act, 1956. Under the new Companies Act 2013, as per the old Act Section 25 has now become Section 8.

As per Section 8(1a, 1b, 1c) of the Companies Act, 2013, a Section 8 company can be established for the “promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object”.

INCORPORATION PROCESS

Private limited company and Section 8 company registration procedure are very similar to each other. A minimum of two Directors are required to start a Section 8 company. One of the Director must be an Indian Citizen and Indian Resident - whereas one or more persons acting as Director can be an Indian National or Foreign National. In addition to the required number of persons, a registered office address within India would be required for the Section 8 Company. Finally, Section 8 Company would be subject to the following conditions:

Documents Required

Members

For Registered Office

Other Details

Deliverables

Service Charges

Rs 14999 (All inclusive)*

*Cost of Stamp paper as per Government rules

Service Charges

Rs 14999 (All inclusive)*

*Cost of Stamp paper as per Government rules