SEC 8 COMPANY

  The Companies Act defines a Section 8 company as one whose objectives is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives. These companies also apply their profits towards the furtherance of their cause and do not pay any dividend to their members.  

1. Prepare DSC and file Name Approval .
2. File for License.
3. File for Incorporation .
4. Easy to Form .
5. Suitable for Startups and Growing Businesses .  
6. Opening of Bank Account .

1. PAN Card of Directors/ Shareholders.
2. Voter ID/DL/Aadhar Card . 
3. Passport Size Photo.
4. Address Proof- Latest utility bill (electric bill/telephone bill) and Rent Agreement or latest tax receipt/ownership deep of the property for the property to be used for registered office.

 1. Is it necessary that Section 8 Companies are to be incorporated as a limited company with share capital? 

- Section 8 Company may be incorporated as a company limited by shares or by Guarantee (with or without share capital).   

2. Who is authorized to issue license to Section 8 Companies?   

-Registrars of Companies of respective jurisdictions are delegated with the powers of Central government to issue license to Section 8 Companies.