Not for Profit Company

Rs.24,990.00

A Section 8 Company is similar to a Trust or Society; expect, a section 8 Company is registered under the Central Government’s Ministry of Corporate Affairs. Trusts and Societies are registered under State Government regulations.

Not for Profit Company

Price: Rs.24,990.00

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Not for Profit Company is defined in Section 8 of the Companies Act, 2013, which pertains to an established ‘for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object’, provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members, i.e. this company is for charitable or not-for-profit purposes.

A Section 8 Company is similar to a Trust or Society; expect, a section 8 Company is registered under the Central Government’s Ministry of Corporate Affairs. Trusts and Societies are registered under State Government regulations. A section 8 company has various advantages when compared to Trust or Society like improved recognition and better legal standing. Section 8 company also has higher credibility amongst donors, Government departments, and other stakeholders.

The average time taken to complete company formation is about 10-15 working days, subject to government processing time and client document submission. Get a free consultation for Not for Profit Company registration and business startup by scheduling an appointment with a TaxFino Expert.

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Benefits

  • Separate Legal Entity with Perpetual Existence

  • Limited Liability of Shareholders

  • Better structure than Trust or Society

  • Higher credibility among donors, Government departments
    and other stakeholders

Eligibility

To incorporate a Not-for-Profit Company a minimum of two persons are required over the age of 18 years with at least one person being an Indian citizen and resident.

OUR PRICING PLANS

Pricing Package Comparison

Not for Profit (Section 8) Company Plan
Rs.24990
Certificate of Incorporation Yes
Memorandum of Association Yes
Articles of Association Yes
Name Approval Yes
Government License for the Company Yes
Digital Signature for 2 Directors Yes
Director Identification Number (DIN) for 2 Directors Yes
Share Certificates Yes
PAN Yes
TAN Yes
Government Charges Included Yes
Stamp Duty Included (except Madhya Pradesh & Punjab) Yes
Assistance with Bank Account Opening Yes
Regular Compliance Updates Yes
Email & Telephonic Support Yes
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Documents

  • Photograph
  • pan card
  • Utility Bill (not older than 2 months)
  • If rented, then NOC from owner
  • ID Proof (Any of the following)
    • Voter ID Card
    • Passport
    • Driving License
  • Address Proof (Any of the following)
    • Bank statement
    • Electricity bill
    • Telephone/Mobile bill
FAQ

Do you have Any Question?

Minimum how many people are required to form a Not for Profit Company?

Minimum 2 Persons are required to form a Not for Profit Company.

Yes, an NRI or foreign national can become Director in the Company, but there should be at least one Director who is Resident of India.

No, you can also start a Not for Profit Company declaring your residential premises as registered office of the Company for all correspondence.

Yes, a rented house/office can be registered office of Not for Profit Company. You just need an NOC from owner to use the premises as registered office (We will draft the NOC for you).

No, you just need to share scanned copy of documents.

No, your physical presence is not required during the process.

Yes, stamp duty is charged by the state in which your Company’s registered office is located. This stamp duty is included in the package (partly for Madhya Pradesh & Punjab). Our Experts will guide you regarding additional stamp duty for Madhya Pradesh & Punjab.

A Digital Signature establishes identity of the signer, therefore the Ministry of Corporate Affairs (MCA) requires filing of incorporation documents and some of the other documents using Digital Signature. Therefore Digital Signature is required for every Director of a Company.

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