Section-8 Company (NGO)

Section-8 Company / NGO

If you want to incorporate a company having charitable objects; then you must go with Section 8 Company; where several government privileges are available. Section 8 Companies are similar to trusts and associations which are also well known as Non-Government Organization (NGO), which are working not for profit basically. GrowBizz India helps you to register your Section 8 Company within a period of 25-30 working days with complete registration process. Our professional team helps you easy and quick registration of Section 8 Company with online documentation, filing and registration with MCA/ROC.

Advantages of Section-8 Company / NGO

  • When there is objective to promote the fields of science, commerce, art, sports, social, environmental protection, etc.; Section-8 company is the best form of organization
  • Section-8 Company or non-profit organization are exempted from some of the provisions of Income Tax Act, 1961
  • Section-8 Company also eligible for many deductions and other benefits under Income Tax Act, 1961
  • Section-8 Company is eligible to avail benefits under section 80G of Income Tax Act, 1961
  • Section-8 Company requires to pay less stamp duty as compared to other form of company
  • Section-8 Company doesn’t require much capital or fund for incorporation
  • Section-8 Company does not require to use word ‘limited’ or ‘private limited’ with its name
  • Documents required for Registration
  • Easy to transfer title or ownership of member
  • There is less legal formalities applicable as compared to private or public company

Documents required for Registration

  • Pan Card of directors and shareholders
  • Address Proof of directors and shareholders (passport / election card / ration card / driving license / aadhaar card)
  • Residential Proof of directors and shareholders (Electricity bill / Telephone bill / Bank Statement / Mobile bill)
  • Passport Size photographs of directors and shareholders
  • Rental agreement between Company and owner
  • Copy of utility bill of place of business
  • No objection certificate from owner
  • Unique business name
  • Email-ID and Mobile numbers of all directors and shareholders

 

Disclaimer:

  • Additional documents and information required for a non-resident director or shareholder
  • Additional details or information or documents other than mentioned in above list; may be called if required.