Public Limited companies are entities that trade their stocks on the public exchange market. Public / Investors can become shareholders in a public company by purchasing shares of the company’s stock.
Registration of Public Limited Company
Section 8 company under companies Act 2013 or section 25 under companies Act 1956 is registered with objective or education, charity, Art, sports, environment, social welfare etc. And Non-profit organization firm can be registered under Registrar of societies or as a non-profit organizing under section 8 company of the companies Act 2013.
Documents Checklist
Documents required for incorporation of Section 8 companies.
1. Documents required for Incorporating Section 8 Company is as follow:
- PAN card self-Attested copy
- Aadhar card self-Attested copy
- Photograph of the proposed director
2. ID proof of proposed Directors and members (anyone):
- Passport self-Attested copy
- Voter’s ID self-Attested copy
- Driving License self-Attested copy
3. Address proof of proposed members and directors (anyone):
- Telephone bill
- Mobile Bill
- Bank statement
- Electricity bill
4. Address proof for the principal place of business of the proposed company (anyone)
- Utility bill like telephone bill, electricity bill, gas bill, water bill
- Rent agreement with rent slip
- Proof of ownership.
Procedure for Incorporation of Section 8 company
- Fill the application and Submit to our executive with proper Documents and Make payment.
Benefits
Documents required for incorporation of Section 8 companies.
There are various benefits for Section 8 some important benefits are mentioned below.
A. Less Regulations.
RBI imposed a very few Guidelines in Nidhi companies. Nidhi companies are governed under the Nidhi rules 2014 and its activities and operations are controlled by central government.
B. Limited Liability.
Limited Liability means the company itself responsible for debt of to its limited sum. Whereas like in proprietor and partnership the members are responsible for the debt of company liability. The simple terms the members are responsible to extent of value of their share that has been taken by them in company.
C. No Minimum capital required.
Incorporation of section 8 company does not require the any kind of minimum capital. Section 8 company can be incorporated at very nominal cost with setupfilings. As per companies Act 2013 there can be zero paid-up capital in section 8 company.
D. No suffix.
Section 8 company does not require using suffix like private limited company or public limited it’s optional for them.
E. Less Stamp Duty.
The government gives privileges for incorporating section 8 companies hence they charges less stamp duty on section 8 company. So while incorporating section 8 companies there are very less minimum stamp duty.
F. Tax Benefits.
Section 8 companies usually get the tax benefits if it get registered under 80G And 12AA of it Act.
Packages
Choose your package & proceed to pay
| BASIC | STANDARD | PREMIUM |
|---|---|---|
| 1 DSC 2 Years validity | 1 DSC 2 Years validity | 1 DSC 2 Years validity |
| 2 DIN Number for Director | 2 DIN Number for Director | 2 DIN Number for Director |
| Name Approval for company | Name Approval for company | Name Approval for company |
| Authorized capital of 10 Lakh | Authorized capital of 10 Lakh | Authorized capital of 10 Lakh |
| Incorporation fees | Incorporation fees | Incorporation fees |
| PAN And TAN of Company | PAN And TAN of Company | PAN And TAN of Company |
| Incorporation KIT | Incorporation KIT | Incorporation KIT |
| Goods And Service Tax (GST) | Goods And Service Tax (GST) | |
| Udyam Registration | Udyam Registration | |
| Import Export code (IEC) | ||
| ISO Certification 3 Years Validity | ||
| Rs. 8999 | Rs. 10999 | Rs. 14999 |
Process
Get the process done in 5 Easy Steps
1. Choose the package and fill the form.
2. Make Payment
3. Our Executive will get in touch with you and verify the details.
4. Filing the Application to concern department
5. Congratulations your Work is complete
FAQ
1. How many people are needed to register a section 8 company in India?
Answer: A minimum of 2 people is needed to register a section 8 company in India.
2. What are the conditions to be a Director?
Answer: The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or occupancy. Thus, even foreign citizens can be Directors in an Indian Section 8 Company.
3. Is an office needed for starting a Section 8 Company?
Answer: An address in India where the registered office of the Company will be registered is needed. The registered office can be Residential/commercial/ Industrial where communication from the MCA will be done.
4. Do I have to be present in-person to registration a Section 8 Company?
Answer: No, you won’t have to be present at our SetupFilings office or appear at any office for the Registration of a Section 8 Company. All the documents can be submitted by Email or you can also currier us the documents.
5. What are the documents needed for Registration?
Answer: Identity and address proof are compulsory for all the proposed Directors of the Section 8 Company. Pan Card is mandatory for Citizen from India. In addition, the landlord of the registered office premises must give a No Objection Certificate for having the registered office in his/ her premises and must submit his/ her identity proof and address proof.
6. How long it'll take to incorporate a Company?
Answer: SetupFilings.com can incorporate a Section 8 Company for in 20- 30 days. The time taken for registration will depend on the submission of applicable documents by the customer and the speed of Government approval. To insure speedy Registration, please choose a unique name for your Company and insure you have all the needed documents before starting the Registration process of section 8 company.
7. How long is the registration of the section 8 Company Valid?
Answer: Once a section 8 Company is incorporated, it’ll be active and in actuality as long as Annual compliance of section 8 company ROC are met with regularly. In case, annual compliance aren’t complied with, the Company will come a Dormant Company and may be struck off from the register after a period of time. A struck- off Company can be revived for a period of over to 20 times.
8. What's a Digital signature Certificate?
Answer: A Digital Signature Certificate the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs ( MCA) authorizations that the Directors subscribe some of the operation documents using their Digital hand. Hence, a Digital hand is needed for all Directors of a proposed Section 8 Company.
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