Starting a Section 8 company can be a game-changer if you aim to create a non-profit organization in India. If you want to register a Section 8 company online, the process is straightforward, and you can complete it from the comfort of your home. Follow these steps to ensure a smooth registration experience.
What is a Section 8 Company?
A Section 8 company is a type of non-profit organization, set up under the Companies Act, 2013. Its primary purpose is to promote social welfare, education, and other charitable activities. Unlike other companies, it does not aim to make a profit.
Steps for Section 8 Company Registration Online
1. Obtain a Digital Signature Certificate (DSC)
Before you start, you need a Digital Signature Certificate (DSC). The DSC is essential for signing electronic documents. You can get this from authorized agencies online. Ensure you obtain the DSC in the names of the proposed directors of the company.
2. Apply for a Director Identification Number (DIN)
Every director of your Section 8 company must have a Director Identification Number (DIN). You can apply for DIN online through the Ministry of Corporate Affairs (MCA) portal. Fill out the DIN form, and submit your documents.
3. Prepare the Required Documents
Gather all necessary documents for your Section 8 company registration online. This typically includes:
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Memorandum of Association (MOA) and Articles of Association (AOA)
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Proof of identity and address of directors
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Proof of address of the registered office
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NOC from the property owner
4. File the Application on MCA Portal
Log in to the MCA portal and file the Form INC-12. This form is used to apply for a license under Section 8 of the Companies Act, 2013. Attach all required documents and pay the registration fee online.
5. Wait for Approval
Once you submit the application, it will be reviewed by the Registrar of Companies (ROC). If everything is in order, you'll receive the Section 8 company license. This usually takes a few weeks.
12A and 80G Registration
After registering your Section 8 company, consider applying for 12a 80g registration. These are crucial for obtaining tax exemptions:
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12A Registration: This allows your organization to be exempt from income tax. It is mandatory for claiming tax benefits.
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80G Registration: This enables your donors to claim tax deductions for their donations.