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Get Your Section 8 Company Registered with Licit 360 – A One-Stop Solution
Licit 360 is a trusted platform offering seamless Section 8 Company Registration in Indore and across India. We provide end-to-end legal and business solutions with expert assistance from our team of lawyers, Chartered Accountants (CAs), and Company Secretaries (CSs). Whether you are an entrepreneur, NGO, or social organization, our experts ensure a hassle-free registration process to help you focus on your mission.
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What is a Section 8 Company?
A Section 8 Company is a non-profit organization (NPO) registered under the Companies Act, 2013 with the objective of promoting charitable activities, such as education, art, science, sports, social welfare, and environmental protection. Unlike other business entities, a Section 8 Company does not distribute profits among its members but reinvests them to achieve its objectives.
Why Register a Section 8 Company?
Legal Recognition
Gain a formal structure with legal credibility.
Tax Benefits
Eligible for Section 12A and 80G exemptions.
Limited Liability
Members have limited liability for company debts.
Perpetual Existence
The company continues even if members change.
Grants & Funding
Eligible to receive government grants and CSR funds.
Benefits of Section 8 Company Registration in Indore
With a growing economy and strong infrastructure, Indore offers an ideal environment for social enterprises and NGOs. Here’s why you should register a Section 8 Company in Indore:
1. Tax Exemptions
Avail benefits under Section 12A & 80G.
2. Government Funding & CSR Support
Eligible for grants from government and private entities.
3. Limited Liability
Directors have limited personal liability.
4. Perpetual Succession
The company continues despite leadership changes.
5. Recognition & Credibility
Establishes trust with donors and partners
6. No Minimum Capital Requirement
Register without any capital constraints.
7. Exponential Growth
Access Indore’s business-friendly environment for NGO expansion.
Comparison
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Features
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Proprietorship
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Partnership
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LLP
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Company
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Definition
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A business that is owned and run by just one person is known as a sole proprietorship.
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A partnership is a formal agreement between two or more people or organizations to divide the ownership, management, earnings, and liabilities of a firm.
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An LLP is a type of hybrid business form that blends aspects of corporations and partnerships. It shields its partners' personal assets from the business's obligations by providing limited liability.
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A firm is an independent legal body existing apart from its stockholders. Either a public limited business or a private limited company may exist. The board of directors oversees the business's administration and activities. Shareholders own the corporation outright, with liability restricted to their investment.
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Time of Registration
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7-15 working days
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Authority
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Local laws are in charge.
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As per the Partnership Act of 1932
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The LLP Act of 2008
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In accordance with the 2013 Companies Act
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Standards for Compliance
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Observance of income tax laws and other municipal laws
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Observance of income tax laws and other municipal laws
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Respect for Income Tax Laws, Local Laws, the Companies Act, and other relevant laws
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Respect for Income Tax Laws, Local Laws, the Companies Act, and other relevant laws
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Taxation
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The individual's income tax rates are applied on income.
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Generally, income is taxed at the rates applicable to each individual partner.
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taxed as a partnership, with each member paying personal income taxes based on their profit sharing.
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subject to the rates of corporate taxation. Dividends are subject to taxation for shareholders.
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Possession
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In a proprietorship, the company is owned and run by just one person.
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Two or more people, referred to as partners, share management and ownership duties in a partnership
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Due to limited liability, partners' private assets are typically shielded from obligations or liabilities incurred by the company.
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A company's owners, or shareholders, are not the same as it legally. Limited liability protects shareholders from personal assets being
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Advantage
legal acknowledgment
Section Eight The Companies Act of 2013 established recognition and regulation for companies. It gives them credibility as a separate legal body and a legal foundation
Exemptions from taxes
Section Eight Businesses benefit from a number of tax advantages. The excess revenue they receive from their social welfare or charity endeavors is not subject to income tax. In addition, under Section 80G of the Income Tax Act, contributors who make financial contributions to certain organizations are entitled for tax deductions.
eternal life
Section Eight Businesses are everlasting, which means that even in the event that its original founders decide to retire or die, they can still function and achieve their goals. This guarantees their long-term influence and the continuation of their social welfare initiatives.
Obtaining grants and money
Section Eight Businesses can apply for funds, grants, and programs provided by international organizations, corporations, and government departments. Their social activities are expanded and put into action with the help of this financial backing.
Restricted responsibility
A Section 8 Company's shareholders' or members' liability is restricted. The members' personal assets are not at danger in the event of any debts or obligations. This feature gives the promoters financial security and motivates them to support social welfare initiatives
Acceptance of gifts from overseas
Section Eight Under the Foreign Contribution (Regulation) Act (FCRA), businesses are permitted to accept donations and contributions from overseas. This allows them to obtain international funds for their philanthropic endeavors.
Trustworthiness and Credibility
The organization's legitimacy and dependability are increased by its Section 8 Company registration. It reassures all parties involved—donors, volunteers, and recipients—that the business is dedicated to social issues and conducts business with accountability and openness.
Increased impact and reach
Section Eight Businesses are more well-known and visible in the community. They can work along with governmental organizations, non-governmental organizations, and other interested parties to address social concerns and improve communities over
Section 8 Company Registration Process in Indore
At Licit 360, we make Section 8 Company Registration Online easy and quick. Our process ensures compliance with all legal requirements, allowing you to start operations smoothly.
Step 1: Consultation with Our Experts
• Connect with our legal professionals for a free consultation
• Understand the eligibility criteria, documentation, and compliance requirements.
Step 2: Document Preparation & Name Approval
• Drafting MoA (Memorandum of Association) and AoA (Articles of Association).
• Apply for name approval from the Ministry of Corporate Affairs (MCA).
Step 3: Digital Signature Certificate (DSC) & Director Identification Number (DIN)
• Obtain DSC and DIN for directors to proceed with the registration.
Step 4: Filing of SPICe+ Form & License Approval
• Submit Form SPICe+ (INC-32), MoA, AoA, and necessary declarations.
• Apply for a Section 8 Company license from the Registrar of Companies (RoC).
Step 5: Company Incorporation & Compliance
• Receive the Certificate of Incorporation from the MCA.
• Get PAN, TAN, and GST registration (if required).
• Assistance with Section 12A and 80G registration for tax exemptions.
Documents Required for Section 8 Company Registration
- Director’s Documents: PAN, Aadhaar, Passport (if applicable), and address proof.
- Registered Office Address Proof: Electricity bill, rent agreement, or NOC.
- Memorandum & Articles of Association (MoA & AoA).
- Declaration & Affidavit by Directors.
- Projected Income & Expenditure Statement for 3 Years.
FAQs:FREQUENTLY ASKED QUESTIONS
According to India's Companies Act, 2013, a Section 8 Company is a nonprofit organization established to further charitable giving, social welfare, or any other worthwhile goal. These businesses aren't allowed to provide their members dividends; instead, they have to use the money they make to further their declared goals.
In India, the following conditions must be met in order to register a Section 8 Company:
two or more shareholders, either individuals or corporations.
two directors, minimum (individuals).
India must be the primary residence of at least one of the directors.
The suggested business needs a catchy name.
Despite being primarily established for philanthropic or social welfare goals, Section 8 Companies are permitted to make money off of their operations. Nevertheless, dividends cannot be paid to the members from the profits. The excess that is produced needs to be put back into the goals of the business.
Indeed, foreign nationals and NRIs are permitted to hold shares or serve as directors in a Section 8 company. But one director needs to live in India at least.
Depending on the completeness of the application and accompanying documentation, as well as the Registrar of Companies' (RoC) processing time, the registration process may take anywhere from 15 to 30 days.
The Section 8 Company must follow the prescribed process in order to change the registered office address. This involves informing the Registrar of Companies (RoC), revising the relevant documents and records, and getting board and shareholder approval.
Section 8 Companies are eligible for a number of tax breaks, such as an exemption from income tax on excess money earned from charitable activities. In addition, they may be qualified for tax deductions under Section 80G of the Income Tax Act as financial contributors to the organization.
The answer is that a Section 8 company can become a for-profit business. But in order to carry out this procedure, you must abide by all applicable laws and rules, which includes getting the required permissions from the relevant authorities.
Why Choose Licit 360 for Section 8 Company Registration?
At Licit 360, we provide expert assistance for Section 8 Company Registration Online, ensuring a smooth and transparent process.
Get Started with Your Section 8 Company Registration Today!
If you're looking for Section 8 Company Registration in Indore or anywhere in India, Licit 360 is here to help. Our team ensures a quick, cost-effective, and legally compliant registration process.
📞 Call us at +91 74403 35957
📩 Email us at info@licit360.in
🌐 Visit www.licit360.in to Register Online
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