#section8companyregistrationfees

What is Section 8 Company? A NGO or Non Profit Organisation is an entity that operates for promotion of science, art, sports, charity, religion, social welfare, education research, protection of environment or any such other object. In India, an NGO can be registered as any of the three formation being Company under Section 8 of the Companies Act, 2013(section 25, companies act 1956), Trust or Society. In India, anybody is free to do social enterprise without forming an association or organization. But when an entity wants to create a association that volunteers, involves, activities and resources, it becomes important to have proper administration in place. To run such companies, trusts and Societies in the correct demeanor, a certain set of rules need to be followed. Section 8 Company format of a NGO is most beloved form of NGO in India. It is easy to register, run or manage a Section 8 Company in analogy of a Trust and a Society. Section 8 Company has limited liability and cannot make any benefit. It is generally build for promoting art, science, charity, commerce, religion or any other aim that is useful to society. When correlated to Societies and Trusts, Section 8 Companies have more profit in the sense that they have more legal standing and better reliability among government bodies and donors. Get the Section 8 Company Registration in the most simplest and fastest way with Lawgical India Be your own Boss in just 5-6 working days, Section 8 Company Registration is done through Lawgical india can be done in Delhi NCR, Mumbai, Bengaluru, Chennai & all other Indian cities. Advantages of Section 8 Company Registration

1) TaxExemption Plentiful Tax exemptions are provided to Section 8 Companies, precisely to the donors who are contributing to Section 8 Companies, they can claim the Tax exemption against the contribution they made to a Section 8 company. 2) No minimum capital requirement There is no recommended limit over section 8 companies for the minimal capital requirement unlike other entities such as public limited, but the capital structure can be modified at any stage as the required for the growth of the company. 3) No stamp duty payable A section 8 Company is immune for the payment of stamp duty applicable for registration as applicable in case of other organization such as private limited or a public limited company. 4) Separate Legal entity A Section 8 Company also holds its own existence like other companies structures, and has its own separate legal standing from its member. A Section 8 Company also has a perpetual identity. 5) Credible As it is a certified by the central government. A Section 8 Company has more integrity as compared to any other Non-profit organization structure be it a Trust or Society.It has more stringent governance such as no change in MOA and AOA can be done at any stage or situation in a Section 8 Company. A section 8 company due its strict compliances as regard to functioning has a more dependable image in comparison to other legal structures. 6) No title required A section 8 company does not desire to use a suffix next to its name, Unlike the names requirements of the private limited or a public limited company. Documents Required

Copy of Aadhaar Card

PAN Card or Passport (Foreign Nationals & NRIs)

Voter’s ID/Passport/Driver’s License

Passport-sized Photograh

Notarized Rent Agreement in English

Latest bank statement (2 months) — telephone or mobile bill — electricity or gas bill

Sale Deed — Property Deed in English in case of owned property

No-objection certificate (NOC) from the property owner