Understanding the Section 8 Company Registration Process and Fees in India

Aspiring entrepreneurs who want to create a social impact can register a section 8 company registration fees in India. A company registration in india is a not-for-profit organization that can be formed for promoting social welfare, education, religion, arts, and charity. The process of Section 8 company registration in India can seem daunting at first, but it can be a smooth ride with the right guidance.

In this blog, we'll walk you through the process of Section 8 company registration in India and help you understand the associated fees.

Section 8 Company Registration Process

The process of registering a Section 8 company in India involves the following steps:

  1. Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN): The first step is to obtain a DSC and DIN for the proposed directors of the company. The DSC is used for filing electronic documents, while the DIN is a unique identification number for directors.

  2. Name Reservation: After obtaining the DSC and DIN, the next step is to apply for name reservation of the Section 8 company with the Registrar of Companies (RoC). The name should not be similar to any existing company or trademark.

  3. Memorandum and Articles of Association: The next step is to draft the Memorandum of Association (MoA) and Articles of Association (AoA) of the proposed Section 8 company. The MoA defines the company's objectives, while the AoA defines the company's rules and regulations.

  4. Filing of Forms: After drafting the MoA and AoA, the next step is to file various forms with the RoC, including Form SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus).

  5. Payment of Fees: The final step is to pay the prescribed fees for Section 8 company registration in India.

    6. Section 8 Company Registration Fees

    The fees for Section 8 company registration in India are as follows:

    1. DSC and DIN fees: The fees for obtaining a DSC and DIN depend on the service provider and can range from Rs. 500 to Rs. 2,000.

    2. Name reservation fees: The fees for name reservation with the RoC is Rs. 1,000.

    3. MoA and AoA fees: The stamp duty for MoA and AoA varies from state to state and can range from Rs. 500 to Rs. 10,000.

    4. Filing fees: The fees for filing various forms with the RoC depend on the authorized capital of the proposed company and can range from Rs. 400 to Rs. 1,000.

    5. Incorporation fees: The fees for incorporation of a Section 8 company with the RoC is Rs. 5,000.

      6. Conclusion

      In conclusion, Section 8 company registration in India is a complex process that requires careful planning and execution. It is advisable to seek the help of a professional service provider who can guide you through the entire process and ensure that you comply with all the legal requirements. The fees for Section 8 company registration in India are nominal, and the benefits of registering a Section 8 company far outweigh the costs. We hope this blog has helped you understand the Section 8 company registration process and associated fees in India.

 

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