The Ultimate Section 8 Company Registration Checklist: Fees, Eligibility, and More

Starting a section 8 company registration fees in India can be a rewarding experience, both personally and professionally. However, the process of registration can be quite complex, and there are many factors to consider before you can begin operating as a nonprofit organization. In this article, we'll provide you with the ultimate company registration in india checklist, covering everything from fees to eligibility requirements.

  1. Eligibility Requirements

  3. To be eligible for Section 8 company registration in India, your organization must have the following characteristics:
    • The primary objective of the organization must be to promote arts, science, commerce, education, social welfare, religion, charity, or any other useful object.
    • The organization must have a registered office address in India.
    • The organization must have a minimum of two directors.
    1. Registration Fees

    The registration fees for a Section 8 company 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. The registration fees are as follows:

    • Up to Rs. 1,00,000: Rs. 5,000
    • Between Rs. 1,00,000 and Rs. 5,00,000: Rs. 10,000
    • Between Rs. 5,00,000 and Rs. 10,00,000: Rs. 15,000
    • Between Rs. 10,00,000 and Rs. 50,00,000: Rs. 20,000
    • Between Rs. 50,00,000 and Rs. 1 crore: Rs. 25,000
    • Above Rs. 1 crore: Rs. 30,000
    1. Name Approval

    Before you can register your Section 8 company, you must obtain name approval from the Ministry of Corporate Affairs (MCA). The name of your company must not be identical or similar to an existing company or trademark. The MCA may reject your proposed name if it is deemed offensive or violates any laws or regulations.

    1. Obtain Digital Signature Certificate (DSC)

    A Digital Signature Certificate (DSC) is an electronic form of identification that is required for all directors of a Section 8 company. You can obtain a DSC from an authorized agency or through the MCA portal.

    1. Director Identification Number (DIN)

    All directors of a Section 8 company must have a Director Identification Number (DIN), which is a unique identification number assigned by the MCA. You can obtain a DIN through the MCA portal.

    1. Memorandum of Association (MOA) and Articles of Association (AOA)

    The Memorandum of Association (MOA) and Articles of Association (AOA) are legal documents that define the objectives, scope, and rules of a Section 8 company. You must draft these documents and have them approved by the MCA.

    1. License under Section 8 of the Companies Act, 2013

    Finally, you must apply for a license under Section 8 of the Companies Act, 2013, which allows you to operate as a nonprofit organization. You must file Form INC-12 with the Registrar of Companies (ROC) and obtain the license before you can start your operations.

    Conclusion

    Starting a Section 8 company in India requires careful planning, research, and attention to detail. By following this ultimate Section 8 company registration checklist, you can ensure that you have covered all the essential requirements, including fees, eligibility, and legal documentation. If you're unsure about any aspect of the registration process, it's recommended to seek legal advice or consult with a professional. By doing so, you can set yourself up for success and make a

 

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