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Company PAN and TAN

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MOA & AOA

Incorporation Certificate

DSC Tokens

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Digital Signature Certificate

Director’s Identification Number (DIN)

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Zoync Technologies

Thank you #Razorpayrize for getting my OPC incorporated. Patient and persistent and always helpful despite the issues with the portal. Thank you again. #Razorpayrizeincorporation

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Tarunilakshmi Ventures

First of all thanks to Razorpay Rize for providing all the support. Special mention to CS ketki Mirje. She was very cooperative throughout the Process

Nayan Mishra

Zillout Social

Anup Totla

DashHunt Education

Process is really good, I've already registered 2 companies with Razorpay and it's been a great experience.

Shalinee Gupta

Kahanii Collective

Archit Vats

Muzzari Global

Process was really fast and effortless, really happy with the whole team and will also go ahead with the same vendor post compliances.

Mayank Sharma

Rapparel Solutions

Akshay Sharma

Zoync Technologies

Thank you #Razorpayrize for getting my OPC incorporated. Patient and persistent and always helpful despite the issues with the portal. Thank you again. #Razorpayrizeincorporation

Krishna

Tarunilakshmi Ventures

First of all thanks to Razorpay Rize for providing all the support. Special mention to CS ketki Mirje. She was very cooperative throughout the Process

Nayan Mishra

Zillout Social

Anup Totla

DashHunt Education

Process is really good, I've already registered 2 companies with Razorpay and it's been a great experience.

Shalinee Gupta

Kahanii Collective

Archit Vats

Muzzari Global

Process was really fast and effortless, really happy with the whole team and will also go ahead with the same vendor post compliances.

Mayank Sharma

Rapparel Solutions

Akshay Sharma

Zoync Technologies

Thank you #Razorpayrize for getting my OPC incorporated. Patient and persistent and always helpful despite the issues with the portal. Thank you again. #Razorpayrizeincorporation

Krishna

Tarunilakshmi Ventures

Section 8 Company Registration in India

Name: Section 8 Company Registration Online in India: Process, Fees & Documents Required - Razorpay Rize
Brand: Razorpay Rize
Rating: 4.8 (45 reviews)

Section 8 Company is a legal type of “Non-Profit Organization (NPO) registered under the Companies Act as a Private Limited or Public limited. It intends to apply all its profits, income, or other earnings to promote commerce, art, science, education, research, sports, charity, social welfare, religion, protection of the environment, etc.

Registering a Section 8 Company is challenging; it is subject to numerous legal regulations and restrictions that you must carefully navigate.

Contents

Documents required for registration

Incorporation Process

Compliances & Requirements

Advantages & Disadvantages

Registration Number

Registration Time

Fees

Checklist for Registration

Frequently Asked Questions

Documents Required to Register a Section 8 Company

Identity Proof and Address Proof of Partners
a. Passport/ Aadhar card/ Voter ID/ Driver's License of Directors and Shareholders,
b. PAN card, and
c. Utility bills or Bank Statements as address proof.
Proof of Registered Office
a. Any utility bill like an electricity bill or corporation tax receipt not later than 30 days to show ownership.
b. Rental Agreement or No Objection Certificate (NOC) in case of rental property.
Memorandum of Association (MOA) and Articles of Association (AOA)
a. MOA defines the objectives and scope of activities of the Company.
b. AOA outlines the internal regulations and governance structures of the Company.
Declaration and Consent of the proposed Directors and Shareholders
Form DIR-2 is the official consent to assume the Director role within the prospective company.
Declaration and Consent of the Nominee
Form INC- 3, along with the PAN card and Aadhar Card, serves as the official consent of the Nominee.

Section 8 Company Incorporation Process

Sample Documents

SPICe + Part A

Spice + Part B

Agile Pro

INC 9

DIR 2 (Consent to act as a director)

Specimen signature (EPF)

NOC for Company Address

Memorandum of Association (MoA)

Articles of Association (AoA)

Certificate of Incorporation

E-PAN

E-TAN

Egestas ornare
‍
Obtain a Digital Signature Certificate (DSC)
a. A DSC is a digital method of verifying or attesting a document.
b. The DSC is often issued with one-year or two-year validity. DSC is mandatory for all witnesses in the Memorandum of Association (MOA) and Articles of Association (AOA).
c. You can obtain a class 2 or 3 DSC through any listed Government Certifying Agencies (CAs).
Apply for Name Approval using Part A View 
a. Part A of the SPICe+ form provides for 'Name Reservation' with two proposed names and one re-submission (RSUB).
b. The applicant must re-file another SPICe+ form with the specified fee if the name is rejected due to a name resemblance with a registered company, an LLP, or a trademark or due to non-compliance with the MCA guidelines.
Note: One can simultaneously apply for name approval (Part A) and Incorporation (Part B) through SPICe+. But in cases where both parts are simultaneously filed, you can reserve only one name.
Apply for Company Registration using Part B View 
a. Part A of the SPICe+ form provides for 'Name Reservation' with two proposed names and one re-submission (RSUB).
b. The applicant must re-file another SPICe+ form with the specified fee if the name is rejected due to a name resemblance with a registered company, an LLP, or a trademark or due to non-compliance with the MCA guidelines.
Note: One can simultaneously apply for name approval (Part A) and Incorporation (Part B) through SPICe+. But in cases where both parts are simultaneously filed, you can reserve only one name.
Open a bank account
Open a Current account for your company for seamless transactions & business operations. A current account offers the flexibility to handle various financial aspects, such as receiving client payments, making supplier payments, and managing payroll.
File for the Commencement of a Business Certificate
The commencement of a Business Certificate is the declaration that the Director of the Company needs to file with the Registrar of Companies. It is filed through Form INC-20A within 180 days of the incorporation of the Company.

Compliances for Section 8 Company

For Directors/ Shareholders

A Section 8 Company can be registered as a Private Limited Company or a Public Company. The minimum and maximum limit are as follows:

Type of Company

Minimum Limit

Maximum Limit

Private Limited Company

Directors- 2
Shareholders- 2

Shareholders- 200

Public Company

Directors- 3
Shareholders- 7

No Maximum Limit

*These Directors and Shareholders can either be the same or different individuals.

For Section 8 Company

Hold the Annual General Meeting every financial year and file under MGT 15.
Appoint the first auditor within 30 days of incorporation.
File the Financial Statements under AOC 4.
File Annual Returns through MGT7 with relevant ROC.
File Income Tax Returns with the Tax department in Form ITR 7.
Issue share certificates to the shareholders of the Company within 60 days from the date of incorporation of the Company.
File Form DIR-3 KYC to disclose details of the Directors.
As a Director, disclose any financial interest in the Company via Form MBP 1.
Maintain a statutory register consisting of members, loans received, charges made, Directors, etc.

These are just some of the important compliance considerations, but additional obligations and regulations could be specific to your particular business, industry, etc.

Minimum Capital Requirement

There is no minimum capital requirement for a Section 8 Company Registration in India.

Tax Rates

The standard corporate tax rate for a Section 8 Company in India is 30%. However, if a Section 8 Company is registered under Section 12AA of the Income Tax Act, it can qualify for tax exemption.

Advantages and Disadvantages of Section 8 Company

Advantages

Tax Benefits
Section 8 Company is a non-profit organisation, so you can have numerous additional tax advantages and deductions. You can utilise these benefits offered by Section 80G of the Income Tax Act 1961.
No Stamp Duty
One of the major advantages of the Section 8 Company is there is no stamp duty levied on the legal documents and the registration process.
Use of title
Section 8 of the Companies Act exempts them from using any suffix or title, in contrast to the other organisations that use the title "limited company." You can, instead, add words like “Foundation,” “Federation,” “Association,” etc., as per Section 8 of the Act.
Separate Legal Entity
A Section 8 Company, once registered, is a separate legal entity with perpetual existence.

Disadvantages

Limited Benefits
You can only use company profits in limited fields such as art, commerce, science, sports, environmental protection, and areas of such sort and not on anything else.The company members will get zero benefits or advantages from the income. They could only be reimbursed for their pocket expenses that might have occurred during the course.
No profit distribution
There could be no distribution of the profits among shareholders or partners.
Stringent rules and Regulations
You must incorporate multiple rules and impositions in the memorandum of association and articles of association or in accordance with the central government. If these requirements are not met, you might have to face legal consequences. A special license from the federal government is required for Section 8 businesses.
Alteration in MOA and AOA
The Memorandum of Association (MOA) and the Articles of Association (AOA) cannot be changed or amended without the prior consent of the Government.

Section 8 Company Registration Number

The Section 8 Company Registration Number, also known as the Corporate Identification Number (CIN), is a unique 21-digit alphanumeric code assigned to a Section 8 Company upon its registration with the Registrar of Companies (ROC).
Example of CIN for a Section 8 Company: U85110MH2010NPL207270
‍The CIN can be broken down into-

The first letter indicates the listing status of the Company. In this particular example, the Company is Unlisted.
The next five numbers indicate the specific industry to which the Company belongs.
The following two letters signify the Indian state in which the Company is registered. Here, it implies Maharashtra.
The succeeding four numbers denote the year of incorporation of the Company, i.e., 2010.
The subsequent three letters designate the classification of the Company. Here, “NPL” stands for Not for Profit License Company.
The last six digits signify the unique registration number issued by the relevant Registrar of Companies (ROC).

How to Get a Registration Number for a Section 8 Company?

The Registration number serves as a distinct identifier for the company and contains information about its registration details, including the state where it's registered and the type of company structure.
Following the allotment of RD License and approval of the SPICe+ Form, you will receive an intimation from the MCA that includes the Certificate of Incorporation, PAN, and TAN.

Section 8 Company Registration Time

It takes approximately 7 to 15 days to receive the Certificate of Incorporation, subject to approval by the MCA.

Things that Delay a Registration Process

Some common factors responsible for delays are-

Incomplete or Incorrect Documents
Technical error or low server in the MCA website
Additional legal permits
Delay in the Verification and Payment
Delay in the allotment of RD License

Section 8 Company Registration Fees

The registration fees for a Section 8 Company can range anywhere from Rs. 3000- 10,000.
‍*The cost can vary depending on jurisdiction, professional fees, and other relevant factors.

Checklist for Section 8 Company Registration

A concise checklist to help you navigate the Section 8 Company Registration Process:

Obtain DSCs for all designated Directors.

Draft the e-Memorandum of Association & e-Articles of Association.

Secure approval for your company name.

Apply for the RD License.

Utilize the SPICe+ portal to submit documents and make necessary payments.

Obtain the Certificate of Incorporation.

Acquire PAN and TAN for your company.

Open a dedicated company bank account.

Stay compliant with ongoing regulatory requirements.

FAQs

How can I check if my Section 8 Company is registered or not?

You can check the registration status of your Company on the MCA website by following these steps:

Go to the "MCA Services" section.
Select "View Company Master Data" from the available options.
Enter the Corporate Identification Number (CIN).
Click the "Submit" button, and you will see the current status of your Company.

The MCA provides online access to details about all the registered companies, including Section 8 Companies.

How should I choose the name for my Section 8 Company?

All Section 8 Companies must end their names with a legal suffix, such as "Foundation," "Association," "Society," "Council," "Club," "Charity," "Institute," or "Organization." Ensure that your chosen name complies with this requirement.

Can a Section 8 company be converted into any other company?

Yes, a Section 8 Company can be converted into any other company, including a Private Limited Company, OPC, LLP, etc., as prescribed under Section 8(4)(ii) of Companies (Incorporation) Rules, 2014.

What is the difference between an NGO and a Section 8 company?

While NGOs and Section 8 Companies serve charitable purposes, Section 8 Companies have a more standardized legal structure. They are automatically eligible for tax exemptions under Section 12AA and Section 80G of the Income Tax Act.
Another key difference between them is the governing authority. Depending on their structure, NGOs may be governed by different state-specific laws or central laws. Section 8 Companies are regulated by the MCA and must comply with the provisions of the Companies Act 2013.

How can I raise funds for my Section 8 Company?

You can raise funds through donations, grants, and other forms of non-equity capital. This type of company has a legal restriction on raising funds through equity shares.