Everything You Need to Know About Section 8 Company Registration Fees and Process in India

 Section 8 companies are non-profit organizations that are established for social welfare or for promoting art, science, religion, education, or charity. These companies have a separate legal identity and can raise funds and donations from the public. If you are planning to start a company registration in india, you need to understand the registration process and fees involved. In this article, we will guide you through everything you need to know about Section 8 company registration fees and the process in India.

Eligibility for Section 8 Company Registration

Before proceeding with the registration process, you need to ensure that you meet the eligibility criteria for Section 8 company registration. The following conditions must be met:

  1. The company must have a minimum of two shareholders and two directors.
  2. All shareholders and directors must have a valid PAN card and Aadhaar card.
  3. The company's objective must be to promote art, science, religion, education, or charity.
  4. The company must have a registered office address in India.

Section 8 Company Registration Fees

The registration fees for a Section 8 company in India depend on the authorized capital of the company. The authorized capital is the maximum amount of capital that the company is authorized to issue to its shareholders. Here's a breakdown of the fees based on the authorized capital:

  1. For authorized capital up to Rs. 10 lakhs, the fees are Rs. 5,500.
  2. For authorized capital between Rs. 10 lakhs to Rs. 50 lakhs, the fees are Rs. 6,500.
  3. For authorized capital between Rs. 50 lakhs to Rs. 5 crores, the fees are Rs. 7,500.
  4. For authorized capital above Rs. 5 crores, the fees are Rs. 10,000.

The fees mentioned above include the fees for Digital Signature Certificate (DSC), Director Identification Number (DIN), and name approval. If you want to expedite the registration process, you can opt for the fast track registration process, which costs an additional Rs. 2,000.

Section 8 Company Registration Process

The following is the step-by-step process for Section 8 company registration in India:

  1. Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for all directors and shareholders.
  2. Apply for the name of the company through the RUN (Reserve Unique Name) form on the Ministry of Corporate Affairs (MCA) website.
  3. Once the name is approved, file the incorporation application through the SPICe (Simplified Proforma for Incorporating Company Electronically) form on the MCA website.
  4. Attach the required documents, such as Memorandum of Association (MoA), Articles of Association (AoA), and other necessary documents, along with the SPICe form.
  5. Pay the applicable registration fees.
  6. Once the application is approved, you will receive a Certificate of Incorporation (CoI) from the Registrar of Companies (ROC).

    7. Avoiding Common Mistakes in Section 8 Company Registration

    Here are some common mistakes that you should avoid while registering your Section 8 company in India:

    1. Choosing an incorrect object clause in the MoA can lead to rejection of the registration application.
    2. Not having the required number of shareholders and directors can delay the registration process.
    3. Submitting incomplete or incorrect documents can also lead to rejection of the registration application.

    Conclusion

    In conclusion, registering a Section 8 company in India involves a straightforward process. You need to ensure that you meet the eligibility criteria and pay the applicable registration fees. By following the step-by-step process and avoiding common mistakes, you can easily register your Section 8 company and contribute to social welfare and charitable causes.

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